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Friedrich Sturm Report - 21.04.06

24/04/2006

This also clearly displays that the majority of the trade is now taking note of the rising tensions in the market which are also related to external factors such as further energy and chemical price rises, and rising interest rates, etc., which eventually might have an impact on the global economy. Sales where across the board a bit and in our case the hides reserved for the regular customers found homes. Incrementally higher prices versus some weeks ago were achieved in the European customer base while overseas calculations were burdened by the falling value of the US$.

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