CHENNAI LEATHER MARKET
V.M. Khaleelur Rahman
The
Chennai leather market continues to be almost the same without any change for
the better. Tanners who are regular suppliers to some important exporters of
leather and leather products say that the present prices are not workable at
all for them.
E.I. Tanned Goat
Skins:
It
is learnt that some business has taken place at around the following prices:
5/8
sq. ft. Run Rs.90, Fifth Rs.80, Inf. Fifth Rs.70 and LIF Rs.60 per sq. ft.
4/6
sq. ft. Run & Fifth combined Rs.65 and Inf. Fifth & LIF combined Rs.57
per sq. ft.
4/6
sq. ft. Suede Rs.52 and 5/7 sq. ft. Suede Rs.55 per sq. ft.
4/6
sq. ft. Lining Rs.45 and 5/8 sq. ft. Lining Rs.47 per sq. ft.
Local
Rejection Rs.27 and Langda Rs.23 per sq. ft. and some better varieties have
fetched higher prices.
Raw Goat Skins
Raw
goat skins as all other items are slow in movements. Prevailing prices are at
around the following prices per piece:
Miraj
- between Rs.200 – 250
Mumbai
- between Rs.150 – 175
Vijayawada
– between Rs.120 – 140
Kadapa
– between Rs.160 – 170
However
Qurbani raw skins accumulated by some dealers were sold at much higher prices
depending on quality and selection.
Export Contracts
It
is learnt that some big exporters have sold upper and lining leathers at almost
unchanged prices. However small exporters find it difficult to get export
orders as overseas demand is limited.
Exporters are quoting
as follows:
S/C OR F/C GOAT
LEATHERS
Material
|
Size/sq. ft.
|
Substance
|
Selection
|
Price US$ per sq. ft. C&F
|
Goat upper leather
|
4/6
5/8
|
0.6/0.8 mm
0.7/0.9 mm
|
ABC
|
2.40
2.50
|
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 4/6
|
0.5/0.7 mm
|
TR-1/2/3
|
1.55
|
5/7
|
0.6/0.8 mm
|
TR-1/2/3
|
1.65
|
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
|
2.70
|
Sheep Upper leather
|
6/9
|
0.8/1.00 mm
|
ABC
|
2.90
|
Sheep lining leather
|
4/7
|
0.5/0.7 mm
|
TR-1/2/3
|
1.70
|
Sheep lining leather
|
5/8
5.5 and up
|
0.6/0.8 mm
0.8/0.9 mm
|
TR-1/2/3
-do-
|
1.80
1.90
|
As far as
business with Japan is concerned, exporters say that they are able to do some
patchy business at almost unchanged prices and that demand is not much. Some
business has been done in F/C sheep leather 6/9 sq. ft. ABC Suede and REJ Suede
at around JY 230 and 140 per sq. ft. respectively.
Quotations of exporters are as follows
F/C sheep leather
4/6 sq. ft.
All Suede JY 230 and 6/9 sq. ft. All Suede JY 240 per sq. ft.
4/6 sq. ft.
LDT Suede JY 175 and 6/9 sq. ft. LDT Suede JY 190 per sq. ft.
4/6 sq. ft.
REJ Suede JY 140 and 6/9 sq. ft. REJ Suede JY 145 per sq. ft.
S/C goat upper leather
5/7 sq. ft.
ABC JY 220 and 7/10 sq. ft. ABC JY 250
General Feeling
Exporters of
leather as well as leather products feel that the present market condition is
very unfavourable, perhaps never witnessed before in the history of the leather
industry and that there is immediate need for some extra incentives from the
government to face this unprecedented situation.
(VMK in Indian Leather, November 2015)
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