Home / Knowledge / News / Textiles / Australian wool markets witness 1% rise in price levels
Australian wool markets witness 1% rise in price levels
02
Dec '16
A further 1 per cent in general was added to price levels at the Australian wool auction markets this week ending December 2. The Merino sector of all types and descriptions continued to dominate the interest of buyers, although the week saw more intense activity contract in mainly wools of 18.5 micron and finer. Chinese activity was again very much seen.

However, forward sellers and traders provided plenty of competition as the end of the first half of the season approaches rapidly. The Eastern Market Indicator (EMI) advanced by 15ac clean/g to conclude the week setting a new seasonal high level of 1378ac clean/g.

The stronger AUD failed to dampen purchasing momentum from China, with many indent orders still very much apparent in the market, the Australian Wool Innovation (AWI) report said. Those spot buying orders were very strong, not only for price but also for quality. Many of those mills were appearing to be looking to improve their quality of input by concentrating on the better wools available.

Premium pricing was apparent particularly in regards to higher strength (nkt - newtons per kilotex) and lower calculated CVH (co-efficient of variation hauteur) sale lots. These types are traditionally the domain of the Italian buyers, but this week saw many of those better lots heading to China.

Much speculation is being made as to the significant moves upwards the past few weeks, led by China. Lack of global stocks of Merino throughout the supply chain remains key, but issues have emerged around the Chinese annual country specific quota (CSQ). Many users in China are fulfilling this year's allocation prior to the New Year. Demand also appears to have picked up year to year, as prices are 10 per cent higher in an offered volume of first hand wool at auction that is 6.2 per cent larger. Anecdotally, a lot of that improving demand is in the recovering weaving sector which generally requires longer wools.

In stark contrast to the merino sector, all crossbred types sold at generally unchanged to slightly dearer levels in large volumes.

Over 53,000 bales of wool is to be offered at next week's auction. All centres closed the week at irregular levels, and orders are being filled so fresh orders are possibly needed to fuel the market further, AWI said. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search