CHENNAI LEATHER MARKET - AUGUST 2016

CHENNAI LEATHER MARKET

V.M. Khaleelur Rahman

There seems to be no change for the better in the Chennai leather market. Trading continues to be slow as witnessed in recent times. Exporters of leather as well as leather products show interest only for some selected items of high grades for which we have entered into contracts and not for lower selections.

QUOTATIONS OF TANNERS ARE AS FOLLOWS:  

E. I. TANNED GOAT SKINS

Grain Selection:

3/5 sq. ft. Run Rs.90, Fifths Rs.75, IF Rs.65 and LIF Rs.55

5/7 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.47 per sq. ft.

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

Heel Grip:

4/6 sq. ft. Rs.32 per sq. ft.

5/8 sq. ft. Rs.35 per sq. ft.

Mesh:

4/7 sq. ft. Rs.32 per sq. ft.

Rejection:

3/8 sq. ft. Rs.23 per sq. ft.

Langda:

3 sq. ft. and up Rs. 12 per sq. ft. 

COW FINISHED LEATHERS

Milled light print Rs.65 per sq. ft.

Linings R.60 per sq. ft.

Generally speaking tanners are in a tight corner not knowing how to manage their business. All items such as goat, sheep and hides are slow in movements.

Prices of raw hides and skins have also come down in almost all centres in our country and elsewhere. Only high grade items are of interest to tanners.

Tanners are facing a difficult situation.

EXPORT CONTRACTS

Exporters of leather as well as leather products are trying their best to market their products at the best possible prices as overseas market is slow. Thousands of people are employed in their tanneries and factories and they have no other go except to keep them running.

There are some reports of business in goat upper and lining leathers at around US $ 2.10 and 1.60 per sq. ft. respectively.

In sheep leathers, Japanese customers have done small business in 4/7 sq. ft. All Suede at JY 200 and Rejection at JY 120 per sq. ft.

OFFERS OF EXPORTERS ARE AS FOLLOWS:

F/C sheep leather

All Suede 5/7 sq. ft. JY 225 and 4/7 sq. ft. JY 215 per sq. ft. C&F by sea

Rejection Suede 4/7 sq. ft. JY 125 and 5/8 sq. ft.  JY 135 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	4/7	0.6/0.8 mm	ABC/DE	2.15/1.60
Goat milled leather	4/7	0.6/0.8 mm	TR-1/TR-2/TR-3	1.50/1.40/1.30
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	2.10
Sheep Cabretta leather	6/9	0.8/1.00 mm	ABC	2.20
Sheep lining leather	4/7 5/9	0.5/0.7 mm 0.6/0.8 mm	TR-1 TR-1	1.50 1.60

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