The US $ in EURO
1,2170

What happened this week: The market remains in the narrow frame of prices we have now established for some time. Underlying one can sense, however, that the tensions are rising. European market players are separated in the situations they are presented from Europe and what they hear from the rest of the world. The general situation in the leather business in Europe is deteriorating by the day. Again it has to be stressed, that this does not apply to a few successful companies which probably doing better than ever before, enjoying the low price level of the raw material in combination with a filled order book. For the majority however, it seems that they are suffering increasingly  from insufficient orders. In most segments of the business this has now created the classical ‘war of finished leather prices’ to grab whatever sale is possible. In our opinion we are now right in the middle of the consequences of the structural changes in the trade. It is frightening to see how many again ignored the ‘writing on the wall’ which was discussed already long time ago and today many which closed their business voluntarily seem to be the smart

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