Home / Knowledge / News / Textiles / Wool prices soften in African market
Wool prices soften in African market
10
May '12
Wool prices softened at this week's sale as the volume of orders from China and Europe are tapering off and Cape Wools' Merino indicator shed 1% compared with the previous sale a fortnight ago to close at R98.11/kg (clean).

Competition decreased as a result of decreased demand in China's export markets, while China's domestic demand is slightly weaker.

Demand for long quality fleeces remained relatively firm but prices were down on the previous week.

The rand weakened as investors are fleeing to safety in the US dollar and had depreciated by 2.2% against the greenback compared with the average rate at the previous sale, trading at R7.89, while it was a marginal 0.4% down against the euro at R10,23.

This week's offering comprised 7 715 bales of which 96% was cleared. Major buyers were Standard Wool SA (2 343 bales), Lempriere SA (2 104 bales), Modiano SA (1 028 bales) and Stucken & Co (1 026 bales).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were 1% down at R112.96/kg, 18.5 microns dropped 1.1% to R112,58/kg, 19 microns were 2.5% cheaper at R110.93/kg, 19,5 microns were down a marginal 0.2% to R108.59/kg, 20 microns shed 1.6% to close at R105.30/kg, 20.5 microns were down 0,8% at R104.82/kg, 21 microns dropped 1.8% to close at R102.87/kg and 21.5 microns were a slight 0.2% dearer at R103.21/kg. There were no quotes for 22 microns.

No sale has been scheduled for next week. Sales will resume on 23 May, the penultimate sale, when approximately 6 000 bales will be offered.

Cape Wools

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search