Home / Knowledge / News / Textiles / African wool market loses steam
African wool market loses steam
05
Apr '12
The market closed softer for a second week in a row and Cape Wools' Merino indicator dropped 2.6% compared with last week to close at R99.43/kg (clean). This is the first time since January that the indicator has dropped below the key R100/kg level.

The fall in prices was in line with Australia where the market was also trending downwards. The small offering of 5 511 bales did little to attract much interest from overseas buyers, particularly from the Chinese, who were mostly absent from the market.

Although the rand had depreciated by 1.9% against the US dollar compared with the average rate two weeks ago, trading at R7.71, it could not halt the decline. It was 0.7% softer against the euro, trading at R10.16.

A high sales percentage of 97% was achieved. Major buyers were Lempriere SA (1 422 bales), Standard Wool SA (1 230 bales) and Modiano SA (1 034 bales).

Prices for all long, quality fleece wools were down, with the 19.5 to 20.5 micron categories falling the most.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 1.5% at R121,33/kg, 18.5 microns dropped 1.5% to R117,26/kg, 19 microns were 1.7% softer at R110,95/kg, 19.5 microns were 3% cheaper at R108.14/kg, 20 microns softened by 3.1% to close at R104.90/kg, 20.5 microns were down 3% at R102,82/kg, 21 microns shed by 2.2% to close at R103.08/kg and 21.5 microns were 2.7% cheaper at R101.54/kg. There were no quotes for 22 microns.

No sale has been scheduled for next week, but sales will resume on 18 April when about 10 000 bales will be on offer.

Cape Wools

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search