The US $ in EURO
1,1250

What happened this week: We are now finally in the peak holiday season and for the next 2-3 weeks nothing will change this. Consequently you find hardly anyone in Europe even to speak to, except some colleague which has to maintain position also during August. For the coming weeks nothing will change the situation over here. It will only be interesting if tanners will really sit relaxed in their holiday resorts and not bother about the market or if one or the other will stay in touch to check the market developments. Most final discussions with customers confirmed, that they are also cautiously optimistic about the rest of the year. Most  established companies admit, that their order book for the months to come is reasonably filled, but – and this is the worry of almost everyone – at prices which would not permit higher raw material prices. This applies not only for European tanners, but also the overseas customer base, with the massive price pressure from the consumer markets and

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