Chennai Leather Market - February 2016

CHENNAI LEATHER MARKET

V.M. Khaleelur Rahman

Chennai leather market is normal without any big change. Exporters of leather and leather products, from Chennai and other States, who have orders with them, show interest for E.I. tanned and wet blue goat and sheep skins at different prices depending on quality and selection.

The leather industry as a whole is focusing its attention on the 31^st India International Leather Fair (IILF) to be held at Chennai Trade Fair, Chennai from 1^st to 3^rd February 2016. As usual a large number of manufacturers of machinery, chemicals, leather and leather products etc. from home and abroad are to exhibit their products in the fair. It is going to be yet another excellent meeting place for the people connected with the leather industry.

It is noteworthy that IILF is getting increased popularity year by year from different countries of the world. Many industrialists of India and other countries make it a point to participate in it without fail.

E.I. Tanned Goat Skins

Local tanners are able to sell their Lots at around Rs.75 and Run/V/IF/LIF at Rs.90/80/70/60 per sq. ft. respectively. These are only just indications. Prices may vary depending on quality and selection. There is good demand for Linings at around Rs.48 and Suedes are sold at around Rs.50 per sq. ft. Local Rejections and Langdas are moving slowly as big North Indian customers are not in the market. However some business has taken place in these items at Rs.30 and 24 per sq. ft. Goods are easily available to buyers.

A leading tanner is offering his goods as follows:

Goat V/IF and LIF 60/40% Rs.75 per sq. ft.

Stout Suede 8 sq. ft. Rs.57 and 5/7 Suede Rs.54 per sq. ft.

5/8 H/G Suede Rs.46 per sq. ft. 

Raw skins

In raw centres throughout the country prices of raw hides and skins are lower but tanners prefer to buy only good quality items by inspection.

In many centres of Maharashtra and Andhra Pradesh the prices of raw goat skins are ruling at around Rs.140 per piece. So is the condition in many other States. But in many centres in Tamil Nadu and some other States where quality is good, prices are much higher.

Export Contracts

It is learnt that some exporters have sold their S/C and F/C goat upper leathers at around US$ 2.50 and Lining leathers at around US$ 1.60 per sq. ft. These are the regular prices at which customers have been buying for long.

As far as business with Japan is concerned, just one or two exporters seem to have sold their big size Suede leathers All Suede and Rejection Suede at around JY 240 and 140 per sq. ft. C&F. but generally speaking business is difficult.

Exporters feel that a lot has to be done by the industry and the governments at the Centre and in the States to set right the setbacks in growth and export.

Quotations of exporters are as follows:

F/C sheep suede leather

All Suede 6/8 sq. ft. JY245, 5/7 sq. ft. JY235 and 4/7 sq. ft. JY230, per sq. ft. C&F

Rejection Suede 6/8 sq. ft. JY150 and 4/7 sq. ft. JY140 per sq. ft. C&F

Double Rejection Suede 4/7 sq. ft. JY120 per sq. ft. C&F.

F/C sheep lining leather

TR-Lining 4/7 sq. ft. JY155 and 5/8 sq. ft. JY160 per sq. ft. C&F

                                             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	2.40/1.80
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	2.30 2.40
Goat lining leather	4/7	0.5/0.7 mm	TR-1/2/3	1.50
	6/9	0.6/0.8 mm	TR-1/2/3	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	2.50
Sheep Cabretta leather	6/9	0.8/1.00 mm	ABC	2.60
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)