Friedrich Sturm Report - 30.03.07
There is still no word on missing leather orders and the only concern continues to be profitability. So, those who came to the show in the hope that it could be the turning point for lower raw material prices came in vain. And those who thought that prices could be lifted to much higher levels probably did the same. As far as the critical question of how much business was done is concerned, we tend to believe it was not much. Origins on the high side of the price range were probably not rewarded with many sales, and sales seemed to be sporadic and more a matter of keeping up relationships than a real ambition to generate larger contracts. Those origins that could be still considered ‘reasonable’ in the present global price structure were able to select from the customer interest. Those on the higher side of the price range had to sit and consider lower bids, which were mostly refused. So the trade volume was limited because the ‘attractive’ origins had little to sell and the expensive ones received few bids that met their price ideas.