Home / Knowledge / News / Textiles / AWEX wool indicator finishes 0.7% lower last week
AWEX wool indicator finishes 0.7% lower last week
10
Sep '12
Australian Wool Industries Secretariat Inc (AWIS) releases wool sale report for the week ending September 7. The Australian Wool Exchange (AWEX) Regional Indicators finished 0.7% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate fell by 1.3%. Sales were held on Tuesday and Wednesday this week, to fit in with Australia’s annual Wool Week.

The market opened on a mixed on Tuesday, with falls in most Merino Micron Price Guide (MPGs), of which the smallest were from 20 to 24 microns.  The falls were greater in the Merino fleece types than in the non-fleece types and the crossbred wools.  Prices for Merino fleece types eased again on Wednesday, with the greatest downward movements this time being at the medium and broader end of the Merino wools.  Non-fleece Merino generally did quite well again, while crossbred types rose in the North and eased in the South.

The closing Eastern Market Indicator (EMI) was 367¢ (-28.4%) less than in the same week last year; while the WMI was 363¢ (-28.2%) less than in the same week last year.  They were down by 143¢ (-13.4%) and by 152¢ (-14.1%), respectively since the start of the season. The falls were cushioned by a fall in the US exchange rate.

In other countries, the South African Cape Wools Indicator was down by 2.4% since last week.  In New Zealand, the Wool Services International crossbred Indicators were down by 2.5 to 5%.

Among other fibres, December Futures for cotton fell by 1.2% during the week, following the previous week’s rise of 2.7%.  The closing quote was 76.30 US¢ on Friday.

36,758 bales were on offer, compared with 38,508 bales last week.  10.4% were passed in, comprised of 8.3% in Sydney, 11.9% in Melbourne and 10.5% in Fremantle.  Pass-in rates for Merino fleece and skirtings were 12.4% and 6.6%, respectively. 32,942 bales were cleared to the trade.

The year-to-date offering is 37,531 bales less (-11.8%) than at the end of the same week last year.  That figure is expected to remain unchanged over the next three sales. Exchange rates with the United States, and other countries, continued to ease during the week. 

This was mostly due to further indications of more moderate growth in China, continuing concern about the economic situation in Europe and lower commodity prices. The US and Euro exchanges rates on Wednesday were down by 3.7% and by 4.4%, respectively since their season peaks were reached four weeks ago.

Skirtings started well in the North and the South on Tuesday, but were generally easier in the West.  This pattern continued on Wednesday when only the North and the South sold.  The deand for skirtings was reflected in the low pass-in rate of 6.6% Crossbreds again did better than Merino types, particularly in the North. Oddments also had a generally good week.


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

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

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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