CHENNAI LEATHER MARKET
V.M. Khaleelur Rahman
Activities
in the Chennai leather market continue to be slow and prices are downward for
all items of leather. Many tanners are having tanned and wet blue goat and
sheep skins for disposal. Only some selected items such as tanned goat A/B/C
linings are on the move.at around Rs.47/46/45 per sq. ft. respectively. Tanners
are finding it difficult to sell higher selections. Only a small volume of
business seems to have taken place in Run and Fifth selections at around Rs.85
and 75 per sq. ft. Regular buyers have slowed down their purchases due to lack
of orders and uncertain market conditions. Nobody is able to say the reasons
for this state of affairs and none is in a position to predict the future
trends. The leather market is as unpredictable as the Share market.
As
far as raw hides and skins are concerned, tanners are choosy in operations even
though prices have come down considerably. This seems to be the case in almost
all raw skin centres in the country. There is also considerable fall in imports
of wet blue hides and skins.
There
seems to be considerable fall even in exports of leather and leather products.
Leather exporters say that “fresh business is difficult” even at reduced
prices. According to reliable sources, the international leather market is in a
tight corner.
Payments
are delayed beyond expectations both at home and abroad in some cases. It is
learnt that many overseas importers have requested their customers in India to
give them further time for honouring their export bills.
Apart
from unfavourable overseas market, effluent problem, strict norms for
identification of finished leather and financial squeeze due to restricted
activity are the hurdles exporters are facing at present in the market.
Quotations
of tanners are as follows:
E.I.
Tanned Goat Skins
4/7 sq. ft. Run Rs.95, Fifth Rs.75, Inf. Fifth
Rs.65 and LIF Rs.55 per sq. ft.
4/7 sq. ft. ABC Suede Rs.50 and All Suede
Rs.45 per sq. ft.
4/7 sq. ft. A Lining Rs.48, B Lining Rs.46 and
C Lining Rs.44 per sq. ft.
5/9 sq. ft. A Lining Rs.49, B Lining Rs.47 and
C Lining Rs.45 per sq. ft.
Local Rejection Rs.30 and Langda Rs.25 per sq.
ft.
Offers of exporters are at around the
following prices:
S/C OR F/C GOAT
LEATHERS
Material
|
Size/sq.
ft.
|
Substance
|
Selection
|
Price
US$ per sq. ft. C&F
|
Goat
upper leather
|
3/5
/ 4/7
|
0.6/0.8
mm
|
ABC
|
2.40
|
Goat
milled leather
|
4/7
|
0.6/0.8
mm
|
D/E
|
1.75
|
Goat
suede leather
|
4/7
|
0.6/0.8
mm
|
All
Suede
|
2.30
|
Goat
lining leather
|
3/5
or 4/7
|
0.5/0.7
mm
|
TR-1/2/3
|
1.50
|
6/9
|
0.6/0.8
mm
|
TR-1/2/3
|
1.60
|
F/C SHEEP LEATHERS
Material
|
Size/sq.ft.
|
Substance
|
Selection
|
Price
US$ per sq. ft. C&F
|
Sheep
upper leather
|
4/7
|
0.6/0.8
mm
|
ABC
|
2.50
|
Sheep
Upper leather
|
6/9
|
0.8/1.00
mm
|
ABC
|
2.70
|
Sheep
lining leather
|
4/7
|
0.5/0.7
mm
|
TR-1
|
1.65
|
Sheep
lining leather
|
5/8
|
0.6/0.8
mm
|
TR-1
|
1.75
|
Japanese customers are also almost keeping quiet. The interest shown by one or two of them is for Rejection. Higher selections are not moving. Exporters are quoting at around the following prices:
F/C
sheep suede leather
All Suede 6/8 sq.
ft. JY240, 5 sq. ft. and up JY230 and 4/7 sq. ft. JY220 per sq. ft. C&F
F/C
sheep lining leather
TR-Lining 4/7 sq.
ft. JY145 and 5/8 sq. ft. JY155 per sq. ft. C&F
-------------------------------------------------------------------------------------------------------------------------------
No comments:
Post a Comment