CHENNAI LEATHER MARKET - JULY 2016

CHENNAI LEATHER MARKET

V.M. Khaleelur Rahman

There seems to be no big change in the Chennai leather market.  Movements are slow.  In tanned goat skins while there is demand for higher selections including lining items by big exporters of leather and leather products, it cannot be said for lower selections. Prices are as indicated below:

E. I. Tanned Goat Skins:

Grain Selection:

5/8 sq. ft. Run Rs.95, Fifths Rs.80, IF Rs.70 and LIF Rs.60 per sq. ft.

4/6 sq. ft. R/V/IF combined Rs.60 per sq. ft.

5/8 sq. ft. R/V/IF combined Rs.67 per sq. ft.

Suede selection:

4/6 sq. ft. All Suede Rs.48 per sq. ft.

5/8 sq. ft. All Suede Rs.50 per sq. ft.

Heel Grip:

4/6 sq. ft. Rs.33 per sq. ft.

5/8 sq. ft. Rs.37 per sq. ft.

Mesh:

4/8 sq. ft. Rs.32 per sq. ft.

Rejection:

3/8 sq. ft. Rs.22 per sq. ft.

Langda:

3/8 sq. ft. Rs. 12 per sq. ft.  or Rs.150 per kg.

As far as E.I. Tanned and Wet blue sheep skins are concerned, tanners are finding it difficult to sell. Here market is very slow.

Even in the raw skin centres throughout the country only some selected items of higher selections in both goat and sheep skins are on the move at reasonable prices depending on the quality and selection but lower selections have no takers. Other items such as cow and buffalo hides are also slow in movements and prices are down in lower selections.

Tanners say that the present market is very unfavourable to say the least. Financial crunch is very much there in the market.

Overseas Market

Overseas demand is also slow.  Exporters of leather as well as leather products continue to find it difficult to obtain big orders. Only some leading exporters are somehow managing.  There are also reports of claims by foreign importers. It is said that because of unfavourable market, some unscrupulous overseas customers particularly in some areas of Italy want to be benefited by lodging claims on some pretext or other.  Small exporters are the worst sufferers.

There are reports of some stray business for Japan and that too in lower selections at either unchanged or slightly reduced prices. Exporters are offering their products at the best possible prices to attract business.

Export offers are at around the following prices:  

F/C sheep leather

All Suede 5/7 sq. ft. JY 230 and 4/7 sq. ft. JY 220 per sq. ft. C&F by sea

Rejection Suede 4/7 sq. ft. JY 130 and 5/8 sq. ft.  JY 140 per sq. ft. C&F by sea

                                      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 or 4/7	0.6/0.8 mm	ABC/DE	2.20/1.65
Goat milled leather	4/7	0.6/0.8 mm	TR-1/TR-2/TR-3	1.55/1.45/1.35
Goat suede leather	4/7 5/8	0.6/0.8 mm 0.6/0.8 mm	All Suede	2.10 2.20
Goat lining leather	4/7	0.5/0.7 mm	TR-1/TR-2/TR-3	1.60/1.50/1.40
	6/9	0.6/0.8 mm	TR-1/2/3 Combined	1.60

                                                       

                                   F/C SHEEP LEATHERS

Material	Size/sq.ft.	Substance	Selection	Price US$ per sq. ft. C&F
Sheep Cabretta leather	4/7	0.6/0.8 mm	ABC	2.20
Sheep Cabretta leather	6/9	0.8/1.00 mm	ABC	2.40
Sheep lining leather	4/7 5/9	0.5/0.7 mm 0.6/0.8 mm	TR-1 TR-1	1.55 1.65

 (Writer’s e-mail id: vmk1234@yahoo.com)