Prices quoted are asking levels cfr Northern Italy
|14 - 18||58|
|18 - 23||69|
Kills remain large. Last week 177,000 head went to slaughtering plants, placing to varying degree’s downward pressure on hide prices. Like many other origins, l/c issues as well as claims prevail
Prices were generally stable for wet salted, wet blue and crust this week
Buenos Aires / Mendoza
Prices fell on fresh/green hides, wet blue, and crust this past week. Full substance TR1 went from $1.55-$1.60/sq.ft down to $1.50-$1.55 cr with minimal buyer interest even lower.
*Below is a live interview with David Holz editor of the this report
The data recently released has shown the revenue of tanning sector saw a moderate growth of 10.3% to 47.35 billion yuan, and profits improved by 0.6 percentages in the first four month of this year, but for the production of light leather it posted a slight drop of 0.75% to 172 million square meters, slowdown of leather production led a slightly decline in the imports of hides and wet blue, which is thought to be normal range. The reason behind the slowdown of light leather is the weak demand of leather products at home and abroad, it inevitably reduces the sales of leather volume, and nothing related to the cases of pollution and smuggling that happen in the cities of Xinji and Wuji. For the same time the imports of finished leather declined 8.5% in volume 10.2% increase in value.
CLIA’s president Su Chaoying said although the slow of leather products exportin growth rate the foreign trade remains steady growth trend and more diversified, the opportunities to invest in the foreign countries are increasing in space, further more the completed industry chain and capability of manufacturing make China still competitive in the world leather market.
Prices were generally steady
Bulls/ Euro’s/kg delivered No. Italian tannery 30 day payment
|37 kilos and up||2.45-2.50||2.45-2.50|
Cows in Euro’s/kg delivered Northern Italian tannery with 30 day payments were valued
|32 kg and up||2.10-2.15||2.10-2.15|
|32 kg and down||2.30-2.35||2.30-2.35|
Prices in Euros/kg delivered No. Italian tannery payment 30 days
|N. German||30.0 - 39.0 kgs||2.25||2.25|
|N. German||40.0 - 49.0 kgs||2.05||2.05|
|S. German||40.0 - 49.0 kgs||2.3||2.3|
|S. German||50.0 kilos and up||2.3||2.3|
|N. German 25 kg and up||2.1||2.1|
|S. German 30-39 kilos||2.2||2.2|
|French 32 kg and up||2.10-2.15||2.10-2.15|
Real GDP in India rose 7.5 percent on a year-ago basis in the first quarter. It seems likely that economic growth in India will remain solid in coming quarters.
Domestic footwear producers are upbeat that they can meet an export target of US$4.5 billion this year on surging demand from growth markets.
Indonesian Footwear Association (Aprisindo) advisory council head Harijanto said Wednesday that the optimism was backed by favorable first quarter export figures.
Outbound shipments of footwear grew by 17 percent to $1.07 billion in the January-March period, according to data from the Trade Ministry.
This year’s $4.5 billion export target represents a 10 percent increase from $4.1 billion last year.
Labor-intensive and export-oriented firms are the ones that can get an extension of carried-forward losses above five years to a maximum of 10 years.
Such a relaxation aims to support the government’s target of creating 2 million jobs annually.
Wet blue drop splits, Italian origin 9/11 kg, all machine flayed were offered at $1.15/kg cfr. 12 kgs and up were $1.28cfr.
Wet blue full substance 18/28 sq.ft. were offered at $1.15/sq.ft. 25+ sq.ft. could be had at $1.20 cfr
Dutch Veal Skin Market *All prices quoted in Euros/kg. delivered North Italian tannery, payment 30 days
|Weight||This Week||Last Week 5/22/2015|
Leather Insider reported that the spring edition of ANPIC ended on May 22th in Leon (Mexico). The fair, focused on leather, accessories, components, chemical products and synthetic and textile materials, was crowded by 700 stands, more than 350 brands and 9,000 buyers and visitors. Synthetic material was the protagonist: it guarantees saving of around 30% thanks to its competitive price and therefore affecting purchasing choices of buyers.
The Mexican leather shoe makers have so to face with the increasing competitiveness of new alternative materials: a new challenge for the national footwear industry that, until last year, was treated by competitive exports of Chinese shoes now subjected to 35% import tax.
Wet blue ox,80/20 U.S. dollars/pc cfr
Wet blue heifers,80/20 U.S. dollars/pc cfr
Wet blue cows, 80/20 U.S. dollars/pc cfr
Pakistan’s total export earnings from the leather sector during the first 10 months of the current financial year (July 2014 to April 2015) fell by almost 4% compared to the same period a year ago, reaching just over $1 billion.
For footwear exports the news was mixed. There was a decline year on year in volumes, falling by 8.9% to 11.5 million pairs, but values were up, by 12.9% to reach $108.6 million.
Wet salted calf/kip averaging 17 kgs – 13/19 kg range handF layed 80/20 were available at $2.70 Euro’s cfr.
|Category||This Week||Last Week 5/22/2015|
|Entre Fino doubleface||14-14.50||14.00-14.50|
|Entre Fino nappa||18.50-18.75||18.50-18.75|
|Lechal (3.75-3.85 sq. ft)||5.5||5.5|
Wet salted 13/14 kg average hides, hand flayed were offered at $1.80/kg. cfr. Wet blue, full substance, average size about 26 sq. ft. were available at $1.25/sq.ft. cfr.
United Kingdom Lamb/Sheep Markets *Prices quoted in GP.
|Category||This Week||Last Week 5/22/2015|
Uk and Irish Ox/Heifers *UK prices in GBP, Irish Prices in Euros, delivered North Italian tannery, payment terms 30 days
|This Week||Last Week 5/22/2015|
|36.00 and up||1.60-1.65||1.9||1.64-1.68||1.95|
|31.00 - 35.50||1.68-1.73||2.00-2,05||1.70-1.73||2.03|
|26.00 - 30.50||1.75-1.78||2.10-2.15||1.75-1.78||2.12|
|25.50 and down||NA||2.20-2.25||NA||NA|
Steer prices fell on average of $2,00/pc this past week. Texas steers traded on a c&f basis between $89.00 and $91.00 c&f. Cows were softly steady.