What happened this week: Our forecasts from last week described the market situation this week quite accurately. Activity slowed down quite remarkably due to some kind of semi vacation status in Germany. The holiday week in China, other local holidays in Asia, plus some school holidays and the national holiday in Germany on Monday have all left their mark. The market also lost a bit from the currency tailwind towards the end of the week. Trading activity came down with the exception of persistent demand for light weight material.

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