Thursday, May 3, 2018

Chennai Leather Market - May 2018


CHENNAI LEATHER MARKET

V. M. Khaleelur Rahman

In Chennai Leather Market there is continuous demand for higher grades of tanned goat skins - 4/6 sq. ft. Run, Fifth and Inf. Fifth are sold at around Rs.90, 75and 65 per sq. ft. respectively, 5/7 sq. ft. Run at around Rs.100 and 4/6 sq. ft. R/V/IF/LIF combined at around Rs.60 per sq. ft. Shoe and leather exporters show interest for these items. As regards lower selections, interest is very limited and goods are not moving easily.

Demand for tanned goat suede is also limited at around Rs.40 per sq. ft. in some reputed marks but all are not able to fetch this price. Many small tanners have sold this item at around Rs.38 per sq. ft. Local Rejection and Langda items hardly find buyers. Prices available are as low as Rs.13 and 10 per sq. ft. respectively. Some tanners have sold even at much lower prices than these as they cannot afford to hold them unsold for long.

Quotations of tanners are as follows:

E. I. Tanned Goat Skins

Grain Selection:
4/6 sq. ft. 90, Fifths R.75, Inf. Fifths Rs.65 and LIF Rs.55
5/7 sq. ft. Run Rs.100, Fifths Rs.85, Inf. Fifths Rs.75 and LIF Rs.65
Suede Selection:
4/6 sq. ft. Rs.42

Lining Selection:
4/6 sq. ft. 37

Mesh Selection:
4/6 sq. ft. 28 and 5/8 sq. ft. Rs.32
All prices are per sq. ft.

Export Orders

Demand continues for F/C and S/C goat upper and lining leathers at around US$ 2.30 and 1.75 per sq. ft. respectively in reputed marks but quantities sold do not seem to be bulk. But small exporters are finding it difficult to sell their products.  It is hoped that things may change for the better slowly in the days to come.

As far as F/C sheep leathers are concerned, market is slow both at home and abroad.  It seems only Rejection item is of interest to some Japanese customers. Higher selections are very slow in movements. 4/6 sq. ft. Rejection is sold at around Japanese Yen 100 per sq. ft. where 5/7 fetches JY 105 or 110 per sq. ft. C&F by sea.

Quotations of Exporters

F/C sheep leather
4/6 sq. ft. All Suede JY 185, LIF Suede JY 155 and Rejection Suede JY 105
6/9 sq. ft. All Suede JY 200, LIF Suede JY 165 and Rejection Suede JY 115 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
2.30
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

1.85
Goat lining leather
4/7
0.5/0.7 mm
TR-1
1.65
6/9
0.6/0.8 mm
TR-1
1.75

                        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
1.95
Sheep Cabretta leather
6/9
0.8/1.00 mm
ABC
2.10
Sheep lining leather
4/7
5/8
0.5/0.7 mm
0.6/0.8 mm
TR-1
TR-1
1.65
1.75

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

                                                                                       

Monday, April 9, 2018

Chennai Leather Market - April 2018


CHENNAI LEATHER MARKET

V. M. Khaleelur Rahman

Activities in Chennai leather market have not undergone any big changes. The situation is almost the same and tanners are not happy at all as selling is not easy and making money is a Himalayan task.  Only higher grades find buyers and not lower selections.

Big shoe manufacturers are interested in higher grades of tanned goat skins. Some tanners have sold 5/6 sq. ft. Fifths and Inf. Fifths at around Rs.75 and 65 per sq. ft. respectively whereas R/V/IF/LIF combined in 4/6 sq. ft. has been sold at around Rs.58 per sq. ft.

As far as shoe suede is concerned, there is no much demand. It is reported that some tanners have sold this item at around Rs.43 per sq. ft. Local Rejection and Langda are not moving easily. Prices obtained for them are just Rs.13 and 10 per sq. ft. respectively. Raw skin prices are erratic everywhere in the country. There is no interest for lower selections at all. It is reported that in some centres unsalable rejection raw skins are simply buried.

Quotations of tanners 

E.I. Tanned Goat Skins

Grain selection: 5/7 sq. ft. Run Rs.90, Fifths Rs.75, Inf. Fifths Rs.65 and LIF Rs.55
Suede Selection: 4/6 sq. ft. Rs.42
Lining Selection: 5/7 sq. ft. Rs.40 and 4/6 sq. ft. Rs.36
Mesh selection: 5/8 sq. ft. Rs.31
All prices are per sq. ft.

Export Contracts

Some reputed exporters continue to sell their upper and lining leathers at around US $ 2.25 and 1.65 per sq. ft. respectively. But here again business is limited. One or two Japanese customers buy F/C sheep leather Rejection at around Japanese Yen 100 per sq. ft. This business is also not regular.

Quotations of Exporters

F/C sheep leather

4/6 sq. ft. All Suede JY 190, LIF Suede JY 160 and Rejection Suede JY 110
6/9 sq. ft. All Suede JY 200, LIF Suede JY 170 and Rejection Suede JY120 per sq. ft.

                            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
2.25
Goat milled leather
4/7
0.6/0.8 mm
TR-1
1.70
Goat suede leather
4/6
0.6/0.8 mm
All Suede

1.85
Goat lining leather
4/7
0.5/0.7 mm
TR-1
1.65
6/9
0.6/0.8 mm
TR-1
1.75

                        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
5/8
0.5/0.7 mm
0.6/0.8 mm
TR-1
TR-1
1.65
1.75

Hong Kong Leather Fair 2018

According to reports available here from exporters who visited the Asia Pacific Leather Fair held in the middle of March 2018, it was disappointing. Overseas customers were “pick and choose” in their business as they are having huge stocks of unsold tanned and finished hides and skins. Only heavy weights and better grades were of interest to them. Buffalo calf and cow calf exporters were able to sell their quality leathers at around US$ 3.00 per sq. ft. Goat upper and lining exporters fetched some business at unchanged prices quoted above. However some reputed exporters might have sold even at higher prices but exact reports are not available. The undeniable fact is that the leather trade is passing through a difficult period and tanners are in a tight corner not knowing how to manage their business.

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


Saturday, February 24, 2018

Maulana Azad's 60th death anniversary observed


Maulana Azad’s 60th death anniversary observed

New Delhi: A function was held on the occasion of 20th death anniversary of the first Education Minister of Independent India Bharat Ratna, Maulana Azad at his mausoleum near Jama Masjid, Meena Bazaar, Delhi by the ICCR.
Vinay Prabhakar Sahasrabuddhe, the ICCR Chairman, stated that that even today, 60 years after his death, Maulana is the right choice for the Nobel Peace Prize as he spent all his life joining lacerated hearts and hurt souls.
Firoz Bakht Ahmed, noted social worker Azad grandnephew, said that India needs politicians of the stature of Azad whose knowledge in philosophy, Islamic ideology and Indian culture was encyclopedic. Bakht who was in Pune at Azam Campus deliver an extension lecture on Maulana, lamented that no key leader from the state and central government attended the death anniversary function of Maulana Azad who was such a towering personality.

Extension lecture at Azam Campus, Pune
Riva Ganguly, the director ICCR told that, that though born in a predominantly Hindu environment, Azad was bold enough to propagate nationalism to Muslims at variance with the prevalent political consciousness based on communalised politics.
Khwaja Iftekhar Ahmed , Chairman Inter-faith Harmony Foundation of India, said that Maulana Azad focused on education. After the formation of the government, he chose the portfolio of education so as to pay attention to girls’ education especially Muslims. Khwaja said Azad's writings must be made popular in today's media as he spoke of communal concord and his watchword was assimilation at all levels.
As the Canadian Prime Minister was to visit Jama Masjid, the function was shortened. Meanwhile, the floral tributes from the President and Vice President, were laid on the shrine The Vice President sent a message that Maulana Azad's greatest claim to fame, no doubt, was his effort to preserve India's unity as an undivided nation. He failed, but that was because he got no support from his compatriots.

Wednesday, January 31, 2018

Chennai Leather Market - February 2018

CHENNAI LEATHER MARKET
V M Khaleelur Rahman

Chennai leather market is almost normal in tanned goat skins. Exporters of footwear are showing interest mostly for 4/6 sq. ft. Fifths and Inferior Fifths at around Rs.75 and 65 per sq. ft. respectively. Demand for Run selection is meagre at around Rs.90 per sq. ft. Suede, Lining, Rejection and Langda selections are also slow in movements. Prices available for them in 4/6 sq. ft. size are at around Rs.40, 33, 12 and 9 per sq. ft. respectively. Tanners are not able to make money. They complain the present market is not workable at all. It has to be noted that they have to pay Rs.15 per sq. ft. as tanning expenses for converting raw skins to tanned skins. They suffer heavy losses in selling their Rejection and Langda.

As far as raw goat skins are concerned, prevailing prices are between Rs.50 and 200/- per piece depending on area, quality, size and selection.

Tanners are quoting as follows:

E.I. Tannd Goat Skins:

3/5 sq. ft. Run Rs.95, Fifths Rs.80, Inf. Fifths Rs.70 and LIF Rs.60
4/6 sq. ft. Run Rs.90, Fifths Rs.75, Inf. Fifths Rs.65 and LIF Rs.55
4/6 sq. ft. Suede Rs.40 and Stout Suede Rs.44
4/6 sq. ft. Lining Rs.35 and 5/7 Lining Rs.38
Rejection Rs.13 and Langda Rs.10
All prices are per sq. ft.

Export Business

It is learnt that some big exporters are able to sell their upper and lining leathers at around US $ 2.25 and 1.75 per sq. ft. respectively but small exporters find it difficult to market their goods in the world market due to limited demand and heavy competition by foreign exporters. However Indian exporters are endeavouring their best to market their products which are world class in quality. Japanese customers have started showing interest for goat, sheep and cow leathers. Many Chennai based exporters have made offers to them. Market is expected to pick up slowly. It is hoped that the Rs.2600 crore package announced by the government for the leather and footwear sector will benefit the leather industry which is in a bad shape now.

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
2.40/1.85
Goat milled leather
4/7
0.6/0.8 mm
TR-1
1.75
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
2.10
Sheep Cabretta leather
6/9
0.8/1.00 mm
ABC
2.25
Sheep lining leather
4/7
5/9
0.5/0.7 mm
0.6/0.8 mm
TR-1
TR-1
1.70
1.80

4/6 sq. ft. All Suede JY 200, LIF Suede JY 170 and Rejection Suede JY 115
6/9 sq. ft. All Suede JY 210, LIF Suede JY 180 and Rejection Suede JY 125

IILF 2018 at Chennai

The leather industry is eagerly looking forward to the 33rd edition of India International Leather Fair to be held from 1st to 3rd February 2018 at Chennai Trade Centre, Nandambakkam, Chennai. As usual many leading national and international companies, producing leather, leather products, chemicals, machinery etc., are participating in it exhibiting their latest products. It will have on display the entire range of products from raw materials to finished products. No doubt it will provide necessary guidelines to the leather industry to march forward by increasing production and export.

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