Friedrich Sturm Report - 01.07.05
What happened last week: The story from previous weeks is repeating itself. Business activity seemed quiet and interest was almost non-existent. Those with product available on the sidelines i.e. low grades, lightweights and other odd items that belong to the full range hide business, found a decent volume of bids and business last week, but looking at the mainstream items and the European market activity, one could indeed become quite depressed.