The US $ in EURO
1,1480

What happened this week: The market situation is multilayered. The easy and simple statement would be to call the market difficult and weak and superficially analyzed this is also correct. Prices are not moving upwards and in most cases tanners are bidding down and isolated sales have been booked at much lower than asking levels. All this applies for the European customer base, because now the weakness of the USD is starting to reflect also in the market at home. In the meantime remained prices in Asia reasonably steady and trading within a range of one USD up or better - down. With the USD trading now around € 1,15 (7 % less than a month ago) the reduction of the € revenues is lowers the market levels automatically. Most concerns derive from the present status of the market and demand from Italy. All reports from customers and agents in the region are entirely negative as far as leather orders and leather prices are concerned. No one should have expected too much from the Italian market in September, but that things have turned  so bad was certainly not

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