Used Weinig Quattromat 18 for sale (468)

Condition: used, Year of construction: 1994, functionality: fully functional, Working width : 220 mm Hnedeq Dkknspfx Ad Dsw Working hight : 140 mm Infeed speed : 6-60 mtr/min( Inverter controlled ) Infeed engine : 7,5 Kw Spindle diameter : 50 mm Configuration : Hydraulic infeed device 1. buttom 7,5 kw 2. Right 7,5 Kw 3. Left 7,5 Kw 4. Right 7,5 Kw 5. Top 7,5 Kw 6. Buttom 7,5 Kw 7. Top 7,5 Kw 8. Buttom 7,5 Kw 9. Right 15 Kw ( Multi rip/saw spindle ) 10 Left 15 Kw ( Multi rip/saw spindle ) Central Waxilit lubrication All tools on the machine included in the price Lots of extra tools/rings/heads included in the price Transport dimensions : L 5600 x W 1800 mm We offer a live video presentation of the machine on WHATSAPP

Condition: excellent (used), Catalogue number 7784 TECHNICAL DATA - Spindle diameter: 30 mm - Working height of spindle: 150 mm - Interchangeable spindle Hnsdpfx Aoxt I Adjd Djw - Spindle locking - Adjustable up/down + angle - Original cast iron fence with full adjustment - 4 spindle speeds + left/right: 3000/5000/6000/10000 rpm - Table dimensions: 1120x800 mm - Motor: 3.7 kW - Dimensions (L/W/H): 1100x1400x1160 mm - Weight: 775 kg ADVANTAGES – German-made – Used milling machine – Very good condition Net price: 6,900 PLN Net price: 1,640 EUR Net price calculated at a rate of 4.2 PLN/EUR (In case of significant exchange rate fluctuations, the price may change)

Condition: used, Year of construction: 2002, functionality: fully functional, working width: 260 mm, planing height: 160 mm, spindle diameter: 50 mm, planing width: 260 mm, working height: 160 mm, power of feed motor: 4,000 W, spindle speed (max.): 6,000 rpm, spindle speed (min.): 6,000 rpm, height adjustment type: electric, type of input current: three-phase, number of spindles: 5, power: 39 kW (53.03 HP), input frequency: 50 Hz, Equipment: cabin, motor brake, Weinig Unimat 1000 with grooved table Hjdpfx Aexk U Tksd Donw Working width: 260 mm Working height: 160 mm 5 spindles Spindle diameter: 50 mm Spindle arrangement: 1-Bottom (7.5 kW) 7000 rpm 2-Right (7.5 kW) 7000 rpm 3-Left (7.5 kW) 7000 rpm 4-Top (7.5 kW) 7000 rpm 5-Bottom (5.5 kW) 7000 rpm Feed: 4 kW / 6–36 m/min One driven roller in the table at the outfeed.

Condition: excellent (used), Weinig Hydromat 17 BL planer with destacker Hedpfx Ajv Euy Rsd Denw Feed: 60 m/min Heads: 1. lower - 11 kW 2. right side - 7.5 kW 3. left side - 7.5 kW 4. upper - 11 kW 5. lower - 7.5 kW 6. upper - 7.5 kW 6 feed rollers in the table Feed motor - 15 kW Planing width - 170 mm Planing height - 120 mm Machine on elevated platform Loading included in the price. Perfect condition!

Condition: excellent (used), Year of construction: 1989, functionality: fully functional, WEINIG Unicontrol UC 10-5 Window Production Machine 1. Electronically controlled crosscut saw with laser switching between saw cutting and zero-point wheel, 3 kW motor 2. Grooving spindle 50 x 630 mm for tools 6 x 80 mm, 15 kW motor 3. Longitudinal/synchronous profiling spindle 50 x 320 mm for tools 4 x 80 mm, 11 kW motor 4. Grooving spindle (between 1st and 2nd lifting spindle), D = 40 x 40 mm, axially indexed, 3 kW motor 5. Longitudinal profiling spindle 50 x 320 mm for tools 4 x 80 mm, 11 kW motor 6. Longitudinal profiling spindle 50 x 320 mm for tools 4 x 80 mm, 11 kW motor 7. Clamping spindle 40 x 150 mm, 3-position axial cycle, 2-position radial cycle, 3 kW motor Saw and grooving spindle on the right side, 3 kW motor Hedpfx Ajxmr N Isd Djnw Hardware spindle 40 x 150 mm, 3 kW motor Adjustable feed speed 6-12 m/min, 1.1 kW motor 4-position counter changer Electronic length stop, 3600 mm Workpiece return system with automatic rotating mechanism Automation package Interval-controlled sash support Double parts package Laminated fabric tables (for sanded surfaces) Pressure guide on the left, max. wood width difference 100 mm Machine in very good technical and visual condition

Condition: like new (used), Year of construction: 2023, functionality: fully functional, working width: 310 mm, planing width: 310 mm, Top model from Weinig: Weinig Powermat 3000 Special 6-spindle four-sided planer All motors frequency-controlled, 4000–12000 RPM Extra wide working width of 310 mm Working height 160 mm - Optional we can make it 200 mm All spindles with Powerlock High-speed feeding system of 100 m/min With profile and straight jointers Axial and radial CNC-controlled axes Short infeed table, 1.1 meters WMC Moulder Master Full options machine ! Hnsdexqxhfjpfx Ad Dew Like new, never used in production!

Year of construction: 2014, condition: ready for operation (used), This WEINIG POWERMAT 1200 was manufactured in 2014. A robust wood mill, it features a working width of 20-230 mm and height of 10-160 mm, with a feeding speed of 6-36 m/min. It includes 8 planing shafts, each with a diameter of 40 mm, and has only about 5500 operating hours. Consider the opportunity to buy this WEINIG POWERMAT 1200 wood mill. Contact us for more information. Application Types Milling (Wood) Hodpfexrwmcex Ad Djnw

Condition: excellent (used), Year of construction: 1987, Four-side planer Manufacturer: Weinig Model: Profimat 22 N Year of manufacture: 1987 Planing height: 220 mm Planing width: 120 mm Number of spindles: 4 Feed speed: 5 – 22 m/min, infinitely variable Hedpfxjww A T Uo Ad Donw Total power: approx. 17 kW Spindle speed: 6,000 rpm - First spindle: bottom, 4 kW, tool diameter: 125 mm - Second spindle: right, 5.5 kW, tool diameter: 180 mm - Third spindle: left, 5.5 kW, tool diameter: 190 mm - Fourth spindle: top, 4 kW, tool diameter: 200 mm

Condition: used, Adjustment status for Weinig Powerlock profile Hnodexga Eqjpfx Ad Djw

Condition: used, Year of construction: 2001, with air cushion table, chamfering unit Maximum working width: 260 mm Maximum working height: 160 mm Number of spindles: 6 units 1st spindle: bottom Spindle diameter: 40 mm Clamping length: 270 mm Rotational speed: 6000 rpm Motor power: 11.0 kW 2nd spindle: right Spindle diameter: 40 mm Clamping length: 170 mm Rotational speed: 6000 rpm Motor power: 11.0 kW 3rd spindle: left Spindle diameter: 40 mm Clamping length: 170 mm Rotational speed: 6000 rpm Shared motor with right spindle, with ATS/M system (automatic positioning control) 4th spindle: top Spindle diameter: 40 mm Clamping length: 270 mm Rotational speed: 6000 rpm Motor power: 11.0 kW With ATS/M system (automatic positioning control) 5th spindle: top, chamfering unit 6th spindle: bottom Spindle diameter: 40 mm Clamping length: 270 mm Rotational speed: 6000 rpm Motor power: 11.0 kW Motor brakes: mechanical Electrical hood interlock: Yes Height adjustment of top spindle: electric with feed Feed brake system: Yes Feed speed steplessly adjustable up to: 3 - 26 m/min Feed roller pressure: pneumatic Hodpfsxr A Npex Ad Dsnw Feed power: 4.0 kW Feed drive: cardan shaft Lubrication pump: automatic Max. jointing cutting depth: 10 mm Jointing cutter on jointer: Yes Driven rollers in table: 1 unit Control type: PLC control Spindle measurement display: digital readout Infeed rollers before jointer: Yes Air cushion table: two-lane Central lubrication point: Yes Description: Jointer table with jointing fence 1.0 m, pneumatic pressure Infeed roller before jointer driven rollers in table Total connected load: 52 kW Location: supplier

Condition: good (used), Year of construction: 2004, Weinig Unimat 23 EL Year of manufacture: 2004 Working width: 230 mm, Working height: 120 mm 1. Bottom spindle with 7.5 kW motor and spindle brake 2. Right spindle with separate motor, 7.5 kW and spindle brake Speed: 8,000 rpm with high-performance ball bearings, NC-axis with frequency inverter, axial stops milled to 35 mm height 3. Left spindle with separate motor, 7.5 kW, speed 8,000 rpm with high-performance ball bearings, NC-axis with frequency inverter, radial pneumatic pressure guide left for varying workpiece widths up to 200 mm 4. Top spindle with 7.5 kW motor and spindle brake, speed 8,000 rpm with high-performance ball bearings, NC-axis radial Pneumatic axial control, adjustment range 40 mm, glazing bead ejection, pneumatically cycled. - Infeed system with 4 kW motor and infeed brake Hnedpfx Adswyuluo Dew - Short piece package - UC-Matic package consisting of: PLC control, central motor start, parts monitoring, operator terminal, free-standing control cabinet, free-standing operating panel, magnetic interlock for safety cover - Enhanced sound insulation - Automatic planing and feeding system for different workpiece lengths and widths Workpiece dimensions Length: 400 – 3,500 mm (4,000 mm) Width: 40 – 200 mm Thickness: 20 – 100 mm Powered conveyor belt Belt width 250 mm, conveying length 4,500 mm, additional photoelectric sensor for signal transmitter Weinig Hydro Finish Planing Machine Uniplan 23 Year of manufacture: 2004 Working width: 230 mm, Working height: 120 mm 1. Bottom spindle with 7.5 kW motor and spindle brake, speed 7,200 rpm 2. Top spindle with 7.5 kW motor and spindle brake, speed 7,200 rpm, NC-axis radial - First feed roller cycled with photocells - NC-axis for separate feed height adjustment - Improved sound insulation - UC-Matic package - 2 hydro straight cutter blocks 501 with HSS strip planer knives 30 mm x 3 mm, max. 9,000 rpm, dimensions 163 mm x 230 mm x 50 mm, Z=4

Condition: excellent (used), Year of construction: 2006, functionality: fully functional, Fully working UniControl 12 year 2006 from Norway - for exact technical specification please open attached document in PDF below. Cross section UniTec 12: - saw unit - edge round cutter from bottom - Hubspindel no.1 - Hubspindel no.2 - Hubspindel no.3 Long , profile section UniVar 12: - Profil cutter - Profil cutter - Profil cutter horizontal - Profil cutter - Profil cutter - Profil cutter Total el power 114 kw 400 V AC Need for suction 270 m3/min Need of compressed air 1000 L/ minMachine was in use until 15.08.2023 Payment: Prior to loading Hedpfsmgc I Nex Ad Denw Delivery: ex. factory Rendalen - Norway Machine is located in Norway ( near to Trondheim) The machine is now disconnected, stored in dry and warm wearhouse, and are ready to be shipped. Rekman Maskin & Service - service of woodworking machines since 1986.

Condition: excellent (used), CATALOGUE NUMBER 6946 TECHNICAL DATA - Max. working width: 210mm - Max. working thickness: 120mm - Number of spindles: 2 pcs - Spindle diameter: 50mm From above: - 3 infeed feed rollers, rubber, smooth, including 2 double rollers - 2 outfeed feed rollers, rubber, including 1 double roller - Cutterheads on supports - Cutterhead up/down adjustment - Electric adjustment of top cutterhead height - Electric setting of planing thickness - Spindles equipped with brake - Main motor: 2×5.5kW - Stepless feed speed adjustment Hnedpfx Adslhrk So Dew - Feed motor: 3kW - Feed via Kardana shafts - Extraction nozzle diameter: 2x160mm - Dimensions (L/W/H): 2350x1780x1950mm - Weight: 1882kg – Made in Germany – Jointers for sharpening knives on the cutterhead – 2 Hydro cutterheads included – Not repainted – Very good condition, used planer Net price: 33,900 PLN Net price: 8,070 EUR Net price calculated at 4.2 PLN/EUR (price may change with significant exchange rate fluctuations)

Condition: excellent (used), Year of construction: 1999, Four-side planer Manufacturer: Weinig Type: U 23 EL Hnjdpfjvy Ebujx Ad Djw Year of manufacture: 1999 Number of spindles: 8 Working width: 20 - 230 mm Working height: 8 - 120 mm Planing table length: 2,500 mm Feed: 4 kW Feed speed: 4 - 24 m/min Total power: approx. 60 kW 1 spindle: bottom horizontal 7.5 kW, 50 mm diameter, 8,000 rpm, tool diameter: 125 - 180 mm 2 spindle: right, vertical 7.5 kW, 50 mm diameter, 8,000 rpm, tool diameter: 112 - 250 mm 3 spindle: left, vertical 7.5 kW, 50 mm diameter, 8,000 rpm, tool diameter: 112 - 200 mm 4 Spindle: Right, vertical 7.5 kw, 50 mm diameter, 8,000 rpm, tool diameter: 112 - 250 mm 5 Spindle: Top, horizontal 7.5 kw, 50 mm diameter, 8,000 rpm, tool diameter: 112 - 200 mm 6 Spindle: Bottom, horizontal 7.5 kw, 50 mm diameter, 7,200 rpm, tool diameter: 112 - 250 mm 7 Spindle: Top, horizontal 7.5 kw, 50 mm diameter, 7,200 rpm, tool diameter: 112 - 250 mm 8 Spindle - saw unit: Top, horizontal 2.2 kw, 40 mm diameter, 8,000 rpm, tool diameter: 180 mm Including two conveyor tables

Condition: ready for operation (used), Year of construction: 2010, functionality: fully functional, Weinig Rondamat 980 Year 2010 Technical data: Max. tool width: 330 mm With PowerLock: 322 mm Tool flight circle: 100 - 300 mm With PowerLock (optional): 100 - 250 mm Grinding wheel diameter: 125 - 200 mm Spindle speed frequency-controlled: 1500 - 4600 rpm Hedpjwvvylefx Ad Dsnw Grinding spindle drive: 1.5 kW

Year of construction: 1984, condition: good (used), Four side planer / moulder Unimat 22A, 7 spindles Year of manufacture 1984 S/N 640-492 Manufacturer Weinig Germany planing width 220mm planing height 120 mm 7 planing shafts: 3 smooth driven rollers in the table Dressing table length 2000mm Spindle arrangement ( speed of the working spindles 6000 rpm ) 1. bottom, 4 kW 2. right, 3 kW Hnjdpspqxutofx Ad Dsw 3. left, 4 kW 4. right, 4 kW 5. top, 7,5 kW 6. bottom, 4 kW 7. universal, 11 kW driven smooth pull-out roller in table spindle diameter 40 mm Flight circle of the dressing spindle 125mm Flight circle of the jointing spindle 100-180mm Largest flying circle of the moulding spindles 180mm Cardan feed Infinitely variable feed rate (frequency converter) 6-36 m /min. Manual waxilit pump Outer dimensions L 4000 mm x W 1600 mm x 1700mm 4500 Kg

Condition: excellent (used), CATALOG NUMBER 7164 TECHNICAL DATA - Max processing width: 220 mm - Max processing height: 130 mm 4 spindles: 1) Bottom horizontal: 220 mm, approx. 5.5 kW 2) Right vertical: 130 mm Hedpfxop Dupgo Ad Djnw 3) Left vertical: 130 mm; (spindles 2 & 3) 7.5 kW 4) Top horizontal: 220 mm, 7.5 kW - 4th spindle adjustment: electrically adjustable up/down - All spindles adjustable up/down, right/left - Spindle diameter: 40 mm - Top: 4 driven infeed rollers, toothed - Top: 1 driven outfeed roller, rubber - Bottom: 1 driven outfeed roller, rubber - Feed on Cardan shafts - Variable feed speed adjustment - Feed motor: 1.5 kW - Lifting motor: 0.75 kW - Electric thickness adjustment - Infeed table length: 1960 mm - Central lubrication - Extraction port diameter: 3x120 mm, 140 mm - Enclosed in soundproof cabin - Dimensions (L/W/H): 3430x1500x1430 mm - Weight: approx. 1500 kg – 4-head model – German-made – Not repainted – Used planer, in very good condition Net price: 35,900 PLN Net price: 8,550 EUR (depending on EUR/PLN rate at 4.2) (Prices subject to change according to exchange rate fluctuations)

Condition: excellent (used), Year of construction: 1995, Planer - Moulder Manufacturer: Weinig Type: Profimat 23 Year of manufacture: 1995 Working width: 230 mm Working height: 120 mm Planing table length: 2,000 mm Speeds: 6,000 rpm Spindle diameter: 40 mm Feed speed: 4 - 24 m/min Number of shafts: 6 Grooving saw: Yes Arrangement: U-R-L-R-O-U-grooving saw 1st shaft, bottom, 7.5 kW Hnsdpfx Adev Id Ngj Djw 2/3rd Shaft, right, left, 7.5 kW 4th shaft right, 7.5 kW 5th shaft top, 7.5 kW 6th shaft, bottom, 4.6 kW Groove saw: 2.2 kW Dimensions: approx. 4,500 - 2,000 - 1,800 mm Weight: approx. 3.5 tons

Condition: used, Mechanisation by Weinig, feed speed up to 43 m/min. Hnedpfx Adjxg Satj Dew

Condition: excellent (used), CATALOG NUMBER: 6575 TECHNICAL DATA - Max. workpiece width: 230 mm - Max. workpiece height: 170 mm - 7 spindles: 1) Lower horizontal 230 mm, 11 kW 2) Right vertical 170 mm 3) Left vertical 170 mm (2nd and 3rd spindle), 11 kW 4) Right horizontal 170 mm, 5.5 kW 5) Upper horizontal 230 mm, 11 kW 6) Lower horizontal 230 mm, 7.5 kW 7) Universal 230 mm, adjustable in 360°, 7.5 kW - All spindles adjustable up/down, right/left - Spindles 3 and 5 are electrically adjustable - ATS system - Spindle diameter: 40 mm - Electric brakes - Top: 4 infeed driven rollers, serrated, including 1 double roller - Top: 1 double rubber infeed roller - Top: double rubber outfeed roller - Bottom: 2 smooth steel driven rollers - Bottom: double rubber driven roller - Power feed via Cardan shafts - Pneumatically pressed rollers - Infinitely variable feed speed: 6–24 m/min - Feed motor: 5.5 kW - Electric thickness adjustment - Motorized elevation of machine body: 0.55 kW - Centralized table lubrication - Extraction outlet diameter: 7 x 140 mm - Dimensions (LxWxH): 5800 x 2050 x 1850 mm - Weight approx.: 4500 kg Hnsdpfolrvhcex Ad Dew ADVANTAGES – Made in Germany, WEINIG brand – With 7 heads – Universal spindle – With ATS system – For processing wet and dry timber – Used moulder, condition: very good Net price: 169,900 PLN Net price: 40,450 EUR Net price calculated at an exchange rate of 4.2 PLN/EUR (price subject to change in case of significant currency fluctuations)

Condition: used, Year of construction: 1999, functionality: fully functional, mount diameter: 50 mm, type of input current: three-phase, tool diameter: 50 mm, tool length: 330 mm, input frequency: 50 Hz, Tool presetting device WEINIG Opticontrol Swing diameter: 0 - 300 mm Hnodjxwnvropfx Ad Djw Tool length: 0 - 330 mm Shank diameter: 50 mm

Condition: excellent (used), Catalogue No. 6747 TECHNICAL DATA - Maximum planing width: 170 mm - Maximum planing height: 130 mm 7 spindles: 1) Bottom horizontal spindle: 170 mm, 4 kW 2) Right vertical spindle: 130 mm, 5.5 kW 3) Left vertical spindle: 130 mm, 5.5 kW Hedpsik E Igofx Ad Donw 4) Additional right vertical spindle: 130 mm, 5.5 kW 5) Top horizontal spindle: 170 mm, 4 kW - 5th spindle with electric height adjustment 6) Additional bottom horizontal spindle: 170 mm, 5.5 kW 7) Universal spindle: 170 mm, adjustable up to 180°, 7.5 kW - Spindle diameter: 35 mm (all spindles) - All spindles adjustable vertically and horizontally - Top: 6 powered feed rollers (toothed), including 2 double rollers - Top: 4 outfeed rubber rollers - Pneumatically pressed rollers - Side pressure roller included - 2 guide rails in the table - Electrically adjustable planing thickness: 0.37 kW - Infeed table length: 2,480 mm - Stepless feed speed adjustment - Feed motor: 2.2 kW - Extraction port diameters: 1 x 135 mm, 5 x 120 mm - Dimensions (LxWxH): 5,550 x 1,900 x 1,660 mm - Weight: approx. 3,500 kg FEATURES – Made in Germany – Equipped with 7 cutterheads – Universal spindle – Used planer, in very good condition Net price: 27,900 PLN Net price: 6,640 EUR Net price calculated at exchange rate 4.2 PLN/EUR (price may change with significant exchange rate fluctuations)

Condition: used, feed rate X-axis: 60 m/min, power of feed motor: 18,000 W, Hydraulic feed for Weinig Hydromat. Maximum feed speed 60 m/min. Hjdpfx Aexwb I Ijd Dsnw

Condition: excellent (used), WEINIG HYDROMAT 22 AL Four-Sided Planer - Maximum workpiece width: 220 mm - Maximum workpiece height: 130 mm - 8 spindles: 1) Lower horizontal: 220 mm, 5.5 kW 2) Right vertical: 130 mm, 7.5 kW 3) Left vertical: 130 mm, 7.5 kW 4) Right vertical: 130 mm, 5.5 kW 5) Upper horizontal: 220 mm, 11 kW – 5th spindle with electric height adjustment (up/down) 6) Lower horizontal: 220 mm, 5.5 kW 7) Lower horizontal: 220 mm, 5.5 kW – 7th spindle with support + Jointer system (cutterhead sharpening) 8) Universal spindle: 220 mm, 360° adjustable, 7.5 kW - All spindles adjustable up/down, left/right - Spindle diameter: 40 mm - From above: - 6 dual toothed feed rollers + 1 single roller - 3 dual smooth rubber outfeed rollers + 3 single rollers - Meter counter - From below: - Swiveling toothed steel infeed roller integrated in lower table - 3 smooth steel feed rollers - Feed via cardan drive rollers - Pneumatically-tensioned feed rollers - Stepless feed speed adjustment + 2-speed gearbox: 10–60 m/min - Feed motor: 10 kW - Electrically adjustable planing thickness - Lifting motor: 0.75 kW - Central table lubrication - Extraction port diameters: 5 x 140 mm, 3 x 120 mm - Machine dimensions (LxWxH): 4680 x 1780 x 1850 mm - Control cabinet dimensions (on pallet): 1020 x 1000 x 2230 mm - Approx. weight: 5,000 kg Feeder with centering device: Hodpfx Adow Ipics Denw - Roller width: 450 mm - 1 toothed powered infeed roller - 22 smooth powered rollers - Adjustable upper pressure - Feeder length: 9,020 mm - Stepless speed adjustment: 10–60 m/min - Motor: 0.75 kW - Dimensions (LxWxH): 9,020 x 790 x 1,150 mm Net price: 180,000 PLN Net price: 42,860 EUR (based on 4.2 EUR/PLN exchange rate) (Prices subject to change depending on exchange rate fluctuations)

Condition: excellent (used), Year of construction: 1993, Catalog number 7706 TECHNICAL DATA - Maximum workpiece width: 220 mm - Maximum workpiece height: 120 mm – 5 spindles: 1) Bottom horizontal: 220 mm, 4 kW 2) Right vertical: 120 mm 3) Left vertical: 120 mm; both 2 and 3 are 7.5 kW 4) Top horizontal: 220 mm, 5.5 kW 5) Bottom horizontal: 220 mm, 4 kW - All spindles adjustable up/down, right/left - Spindle diameter: 40 mm Hedsw Edhiopfx Ad Donw - Pneumatic feed rollers - 4 powered, toothed feed rollers from above including 1 double roller - Top driven outfeed roller, smooth rubber - Bottom driven outfeed roller, rubber - Feed on drive shafts (Cardan shafts) - Stepless feed speed adjustment: 6–36 m/min - Feed motor: 2.2 kW - Lifting motor: 0.25 kW - With brake - Electric thickness adjustment - Central table lubrication - Infeed table length: 1970 mm - Extraction port diameter: 4x120 mm, 140 mm - Dimensions (L x W x H): 3450 x 1600 x 1450 mm - Weight: 1112 kg Net price: 44,900 PLN Net price: 10,690 EUR (based on the exchange rate of 4.2 EUR) (Prices may vary depending on market fluctuations)