What happened this week: The week turned out to be less exciting than the ones before. There was still a little overhanging interest from the previous week and some tanners were still actively trying to secure more hides at price levels from a week ago and the end results were mixed. Half of the buyers decided to step out of the market and to wait for better times to come, while others moved bids higher by fractions of a cent to see where the seller was willing to bite. At the end of the day the new asking levels were not met and one had to decide whether to take the business as it was offered or leave it. As a result the market lost some of its momentum although it is evident that there is still a fair amount of leather business around and, although many tanners are finding a lot to complain about, the volume of orders they are carrying on their books and those they are still receiving is not one of them.

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