What happened this week: This week was again a quiet one. As mentioned last week, Asian tanners have decided, on the whole, not to return to the market before the end of September in any significant numbers. This might be a mixture or sufficient inventories, cash flow problems, and uncertainty about prices and volumes of future leather orders, but as a consequence of this, cow sellers are losing confidence in the market after the holidays. As a result, the only deals remaining were regular sales of bulls to the European tanning industry and some spot interest for wetblue items, where incoming leather orders needed to be filled with prompt available material.

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