What happened this week: We thought last week that we were already in the middle of the summer doldrums and it seemed that people were only willing to raise their heads for a moment to check whether they were missing something. It is not as if there was a buying frenzy, but a few of the cold-blooded members of the trade were strolling around to see what their favoured suppliers had to say and to sell. This turned into a number of unemotional discussions about the situation and the future, and, in a few cases, even into sales at acceptable price levels. The public market did not benefit much from these mostly friendly and private encounters and most of the market gossip continued to be about claims, market problems overseas, the holidays and other negative factors that have slowly but surely started to change the opinion of the market ‘ignorants’ of the last weeks or months.

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