Home / Knowledge / News / Textiles / AWEX wool indicator finishes 3.5% higher last week
AWEX wool indicator finishes 3.5% higher last week
17
Sep '12
Australian Wool Industries Secretariat Inc (AWIS) releases wool sale report for the week ending September 14. The Australian Wool Exchange (AWEX) Regional Indicators finished 3.5% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.  The US exchange rate rose by 2.6%, taking the Eastern Market Indicator (EMI) in US currency to 1003¢, up by 6.0% since last week.

The market opened very strongly on Wednesday, with good rises across all micron ranges and wool types, apart from the broader crossbreds in the North.  The greatest gains on a percentage basis were from 19.0 to 22.0 microns.  The size of the increases was a surprise, as the current feedback from China is that business is very quiet.  Discussion within the trade suggested that the market may have been driven by companies who needed to complete shipping requirements.  There was also speculation as to whether it was because the sale coincided with the start of the Nanjing Wool Market Conference.

The market maintained its overall level on Thursday, with further gains at the fine end and among the crossbreds.  There was some easing from 19.0 to 22.0 microns. The sale of an 11.1 micron lot for 110,000¢ in Melbourne on Tuesday was a feature of this week’s sale.  AWEX reported that this is the finest lot ever sold at auction.

The Eastern Market Indicator (EMI) is 316¢ (-24.8%) less than in the same week last year and the WMI is 307¢ (-24.2%) less than in the same week last year.  The lift in this week’s market has brought the falls in the Eastern Market Indicator (EMI) and the WMI since the start of the season back to 112¢ ( 10.5%) and 110¢ (-10.7%), respectively.

In other countries, the South African Cape Wools Indicator was up by 2.7% since last week.  In New Zealand, the Wool Services International crossbred Indicators were mixed, varying from small falls to unchanged or slightly firmer. Among other fibres, December Futures for cotton fell during the week, but recovered on Friday to finish the week at 75.90¢, down by 0.5% from the previous week.

33,192 bales were on offer, compared with 36,758 bales last week.  6.2% were passed in, comprised of 4.1% in Sydney, 6.5% in Melbourne and 8.5% in Fremantle.  Pass-in rates for Merino fleece and skirtings were 6.9% and 5.2%, respectively. 31,128 bales were cleared to the trade.

The year-to-date offering is 49,359 bales less (-13.6%) than at the end of the same week last year.  Expected offerings over the next three sales indicate that this figure will move to around -11.5% over that period.

Exchange rates during the week were largely influenced by expectations of what might happen in Germany where the courts were considering Germany’s ability to participate in the Euro Stability Mechanism (EMS).  The court’s approval led to a significant lift in global economic confidence and in the US exchange rate.


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Anisha Chaudhari
Threads & Shirts

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

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