The US $ in EURO
1,0970

What happened this week: Business was slower than in the previous weeks. Not surprising considering, that the Asian customers will wait now for the suppliers who are going to visit them on occasion of their trips to Asia. In addition we have to accept, that the customer base in Asia has been very active for the past weeks and prices have gone up in the meantime by quite a bit. Consequently is a break and consolidation more than normal and also desirable for the moment. The European customer base is returning and waking up very slowly. Phone calls to gather some market information are coming in and just short term and individual sales were concluded. So, total sales were significantly less than in the previous weeks but in view of the volumes moved in the weeks before not any reason for any kind of concern. Prices obtained were on steady levels and if one had a good timing throughout the week there was a chance to benefit from the firmer USD again. From the EU

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