What happened this week: Whenever it seems that market activity is finally falling into the summer apathy, interest seems to pick up again and weekly sales reach higher than anticipated levels. Interest was seen from all directions and this mainly focused on quick deliveries again. Asian buyers finally realised that July shipments were no longer possible and accepted August shipments instead. However, it is pretty obvious that buyers are trying to be as close as possible with shipments and, due to the insufficient profitability in the production of upholstery leathers, they are not willing to expose themselves any further than they have to. One can still sense the deep hope that hide prices will eventually fall to improve margins since upholstery leather prices still do not seem to be showing much flexibility on the upside, and tanners are suffering from higher raw material prices as well as general increases in costs.

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