Osterhorn, Friday, 06.01.2023
The US $ in EURO 1,0590

What happened this week

First of all, we would like to wish all our friends and business partners once again a happy, healthy, peaceful and successful New Year ! Probably these wishes are even more important this year than ever before. The first week of the New Year was also even less eventful than we had actually expected. In Europe, some of the customers were already back and production started to run again, but it seemed that they were busy with all the other things, just not with raw material purchasing activities. The Asians, of course, especially China, were hardly active in the market either, apart from exchanging the good wishes. To be honest, why should they be? The current production is covered with raw materials for the next few weeks and we don’t really know anyone at the moment who would consider it necessary to take more care of the procurement of raw materials. It may be right or it may be wrong, but nobody expects a problem in the supply of raw materials in the coming weeks, even though the kill in our part of the world is extremely low at the beginning of the year. Here and there, some flexibilities  had to be performed so that the planned deliveries for the first week could be completed on time. However, this does not really make anyone nervous. The large oversupply of raw material from many parts of the world is making a much deeper impression on buyers at the moment than the possible bottlenecks that might occur in the next few weeks due to