What happened this week: This week was extremely quiet as far as general trading activity was concerned, just as everybody had been expecting. Behind closed doors, sellers who are not yet sufficiently well covered in terms of sales quietly tried to find buyers to cover their positions up to the end of June and this is obviously not an easy job. Most buyers, particularly in Europe, are not rushing to buy or to commit for more than hand-to-mouth, and are also favouring their regular suppliers in the first instance, which seems to be enough to cover tanners’ needs at present.

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