Chennai Leather Market - August 2018

CHENNAI LEATHER MARKET

                                                              V M Khaleelur Rahman

There seems to be no big change in the market but it is erratic now. Only those exporters of leather and shoes who have orders are in the market and not others. The fact is that most exporters are not having orders.

There is interest only for higher grades of tanned goat skins such as 4/6 sq. ft. R/V/IF at around Rs.65 and 5/8 sq. ft. R/V/IF at around Rs.80 per sq. ft. There are also reports of sales in 5/8 sq. ft. V and IF combined at around Rs.77 and 5/8 sq. ft. LIF at around Rs.55 per sq. ft.

Td. Goat skins Suedes 4/6 and 5/8 sq. ft. are sold at around Rs.38 and 43 per sq. ft. respectively whereas Linings in the same sizes are sold at around Rs.33 and 38 per sq. ft. respectively.

Lower selections as such Rejection and Langda are yet to get support from North Indian customers who were once regular buyers. However there are reports of some customers showing interest. Prices fetched for these items are around Rs.12 and 8 per sq. ft. in good qualities and selections.

As far as raw goat skins are concerned, here again demand is only for good higher selections in reputed raw centres like Miraj at different prices depending on quality and selection up to Rs.150 per piece. In other raw skin centres like Hyderabad, Vijayawada, Guntur, Hubli etc. generally speaking the prevailing prices are at around Rs.40 per piece.

Red hair sheep skins in good quality and big size are sold at around Rs.120 per piece.

There are also reports of some export companies being closed because of heavy losses and inability to continue business. It seems running a tannery in the present situation is a Himalayan task.

Quotations of tanners are as follows:

E. I. Tanned Goat Skins

Grain Selection:

4/6 sq. ft. Run Rs.90, Fifths R.75, Inf. Fifths Rs.65 and LIF Rs.56

6/8 sq. ft. Run Rs.100, Fifths Rs.85, Inf. Fifths Rs.75 and LIF Rs.65

Suede Selection:

4/6 sq. ft. Rs.40 and 5/8 Rs.45

Lining Selection:

4/6 sq. ft. 35 and 5/8 Rs.42

Mesh Selection:

4/6 sq. ft. 28 and 5/8 sq. ft. Rs.32

All prices are per sq. ft.

Export Orders

Some big exporters have sold as usual their S/C goat upper and lining leathers at around US $2.50 and US$ 1.80 per sq. ft. Small exporters are in a tight corner as getting overseas orders is not easy and in most cases impossible.

Japanese customers are not in the market.

Quotations of Exporters

F/C sheep leather

4/6 sq. ft. All Suede JY 185, LIF Suede JY 160 and Rejection Suede JY 115

6/9 sq. ft. All Suede JY 200, LIF Suede JY 175 and Rejection Suede JY 125

All 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	2.50
Goat milled leather	4/7	0.6/0.8 mm	TR-1	1.75
Goat suede leather	4/6	0.6/0.8 mm	All Suede	1.80
Goat lining leather	4/7	0.5/0.7 mm	TR-1	1.70
	6/9	0.6/0.8 mm	TR-1	1.80

                        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	2.25
Sheep lining leather	4/7 5/8	0.5/0.7 mm 0.6/0.8 mm	TR-1 TR-1	1.75 1.85

 

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