The US $ in EURO
1,1440

What happened this week: As far business is concerned trading was again almost entirely concentrated on Asian interest. Italy was also quote to fill the last small needs for July productions and those tanners who had gambled until the very last moment in the hope they could squeeze the market further down had to give in and to accept sellers levels. However, even if many talked prices down the levels of trade which ranged around the € 1,25 mark are very attractive  for this material. Interesting is the fact, that Asian tanners don’t mind August and even September shipments, while Italian tanners are not willing to even listen to offers after their holidays. This is unusual as normally at this time of the year they are starting to cover their needs for after their return. Even more the case, considering, the price levels we have reached in the meantime. However, it is clearly reflecting how different the situation and also the expectations are in Europe and in the rest of the world. While

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