Chennai Leather Market - May 2017

CHENNAI LEATHER MARKET

V M Khaleelur Rahman

In the Chennai leather market, business in tanned goat skins continues at almost unchanged prices. Some big shoe manufacturers continue to show interest particularly for better lining selections. Although tanners are quoting higher prices due to increase in quality raw goat skin prices, business takes place at somewhat lower prices depending on quality and selection. Rejection and Langda are very slow in movements. Customers from Mumbai, Delhi, Kolkata and other places who used to buy these items mostly are slow in purchases since some two or three months. At present prices available for Rejection and Langda are as low as Rs.15 to 16 and Rs.11 to 12 respectively per sq. ft. It is to be noted that tanning charge itself is around Rs.15 per sq. ft. You can imagine the predicament of tanners. They are in a tight corner, not knowing how to face this situation.

At present tanners are quoting at around the following prices:

E.I. Tanned Goat Skins

Grain selection:

4/6 sq. ft. Run/V/IF/LIF combined Rs.55 to 60

5/8 sq. ft. Run/V/IF/LIF Rs.95/80/70/60                                     

Suede Selection:

4/6 sq. ft. All Suede Rs.45 to 46

5/7 sq. ft. All Suede Rs.49 to 50

Lining Selection:

4/6 sq. ft. ABC combined Rs.38 to 39

5/8 sq. ft. AB combined Rs.48 and ABC combined Rs.44

Mesh selection:

5/8 sq. ft. Rs.25

Rejection

3/8 sq. ft. Rs.16

Langda

Rs.12

Cow and buffalo finished leathers in multi colours, export rejects

Rs.30 to 40 depending on quality and selection

Wet Blue cow hides

2/3/4/5 grades Rs.120/110/100/90

All prices are per sq. ft.

EXPORTS CONTRACTS

Exporters say overseas enquiries are coming and business is improving. Upper and Lining leathers are saleable at around US$ 2.30 and 1.70 per sq. ft. respectively. Some big exporters seem to have fetched higher prices. European as well as Far East customers are showing interest for these regular items meant for shoes.

Some Japanese customers are showing interest for F/C sheep leather. Tanners are quoting the following prices.

F/C sheep leather

4/6 sq. ft. All Suede JY 200, LIF Suede JY 165, Rej. Suede JY 110

6/9 sq. ft. All Suede JY 210, LIF Suede JY 175, Rej. Suede JY 120

It is learnt that two or three exporters have sold some of the above items at around the above mentioned prices. It is also learnt that there is more demand for Rej. Suede leathers.

As Japanese market is slow and demand limited, tanners and exporters are not interested in doing E.I. Tanned Sheep Skins. They cannot afford to make this item and wait months together for business.

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	4/7	0.6/0.8 mm	ABC/DE	2.30/1.80
Goat milled leather	4/7	0.6/0.8 mm	TR-1	1.80
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	1.75
	6/9	0.6/0.8 mm	TR-1	1.85

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	2.00
Sheep Cabretta leather	6/9	0.8/1.00 mm	ABC	2.10
Sheep lining leather	4/7 5/9	0.5/0.7 mm 0.6/0.8 mm	TR-1 TR-1	1.60 1.70

                                     

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