By the second day the mood had started to change slowly, although the fundamentals were still the same. The confidence about leather orders and the future demand for leather started to increase and tanners had to be realistic about their need for raw material for the coming weeks and months. Sellers’ concerns about facing greater resistance and insufficient hide sales faded by the hour. We do not believe that sellers were always able to achieve the prices they wanted or needed, but enough volume was certainly moved to erase most market concerns for the near future.

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