The US $ in EURO
1,1290

What happened this week: The week was determined by the last round of pre-holiday buying and the record lows in the kill. Sales were up to expectations and tanners realized, that the sharp correction, turmoil and volatility seen in the month of June and in part even into July has  – at least for the moment – ended. It just would not have made much sense trying to bet and fight for further massive price declines. Price levels – at least in our case – are now fairly valued and with the sharp gains in the USD rate, prices for most grades fit presently very well into the international structure. Consequently most tanners took a similar view on the situation and bought their regular needs for the coming 6-8 weeks. Problematic is this year the massive compression of the annual holidays. While normally Northern Europe was on holiday in July and Southern Europe in August, this year the holidays haved moved almost everywhere into the first weeks of August, so that activity is coming close

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