Home / Knowledge / News / Textiles / Aussie wool market up
Aussie wool market up
Dec '11
Australian Wool Industries Secretariat Inc (AWIS) releases wool sale report for the week ending 2nd December 2011.

The Australian Wool Exchange (AWEX) Regional Indicators finished 1.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 5.4%.

The market opened strongly on Wednesday following the strong performance on the previous Thursday. It maintained that momentum throughout the day; and the Eastern Market Indicator (EMI) finished up in both Australian and US currencies. This was followed by a softer market on Thursday that reversed most of Wednesday's gains.

It is not clear how much of this fall was due to market conditions and how much was due to the sharp rise in the US exchange rate that occurred on Thursday (see below). The rise in the US exchange rate meant that the Eastern Market Indicator (EMI) was up by 12¢ in US for the day; and up by 65¢ US for the week.

The EMI at 1193¢ is 179¢ higher than in the same week last year; and the season average of 1238¢ is 317¢ higher than the season average at the end of Week 22 last year.

The greater rise in the Western Indicator was due to there being no sale in Fremantle last Thursday or this Tuesday, during which the EMI rose by a total of 35¢.

44,372 bales were on offer, compared with 43,499 bales last week. 12.3% were passed in, comprised of 11.4% in Sydney, 11.7% in Melbourne and 16.2% in Fremantle. Pass-in rates for Merino fleece and skirtings were 10.7% and 9.8%, respectively.

38,933 bales were cleared to the trade.

The year-to-date national offering is now 19,554 (-2.3%) less than last season. Looking ahead to the last two sales prior to Christmas, the forecast offerings are now more in line with last year than in recent weeks.

The continuing economic uncertainty in Europe and the swings in exchange rates continued this week, with a 5.4% increase in the US exchange rate; and increases of 4.7% and 5.5% respectively in the Euro and Chinese Renminbi exchange rates. The 2.35¢ lift in the US exchange rate on Thursday was attributed to the boost in confidence that came after news on Wednesday night that the world's major central banks intend taking a combined approach to resolving the European debt crisis.

The increases in the market on Tuesday occurred across all Merino fleece types and micron ranges, with the greatest gains from 18.5 to 24 microns. A number of individual AWEX Micron Price Guide (MPGs) lifted by 30 to 40¢. The downward movement on Thursday was greater at the fine end, while most of the broader Merino average MPGs stayed in positive territory for the week.

All Western AWEX Micron Price Guide (MPGs) were well up for the Wednesday-to-Wednesday interval between their sales. The increases ranged from 24¢ at 18.5 microns to 65¢ at 21 microns.

Skirting types followed the fleece types up on Wednesday, but then eased on Thursday when demand and prices for fleece types softened.

Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Marten Alkhagen
Swerea IVF AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler

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

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search