This week: Overall, even less happened last week than in recent times. The weeks are following certain recurring stereotypes.

All we can say from China is that there is no real physical demand for raw materials at the moment, which is why people are less concerned with the question of whether they can buy goods, and more with how cheap these might be. This means that you don’t see a complete standstill in demand, but basically it doesn’t give the impression that people really intend to buy hides unless they are extremely cheap. We call this fishing in the doldrums, which means that it is less important what you catch, but rather that you catch something. However, it doesn’t seem that this is proving very successful at the moment and therefore not a lot of fish are being caught.

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