Home / Knowledge / News / Textiles / AWEX wool indicator closes 0.3% lower last week
AWEX wool indicator closes 0.3% lower last week
05
Nov '12
Australian Wool Industries Secretariat Inc (AWIS) releases wool sales report for week ending November 2. The Australian Wool Exchange (AWEX) Regional Indicators finished 0.3% lower, on average, at sales in Sydney, Melbourne and Fremantle this week.  The US exchange rate rose by 0.1%. It was another very solid market, but without the large price rises of recent weeks.  It was also the largest sale of the season, due to the release of previously unsold wool onto the market in response to the recent rises in wool prices.  Wednesday’s sale finished with good gains at the fine end in the South, but lesser gains in the North. 

Medium Merino wools were down slightly.  Thursday’s movements in the average AWEX Micron Price Guide (MPGs) were in similar direction to those on Wednesday.  Trade reports indicate that the market finished on strong note on Thursday.

The 8¢ fall in the WMI compared with a 2¢ in the Eastern Market Indicator (EMI) looks to be associated with the absence of fine wools in the WMI. The further gains at the fine end have resulted in the average Micron Price Guide (MPGs) for 17.0 to 18.5 microns now being above their values at the start of the season.  The 16.5 and 19.0 average Micron Price Guide (MPGs) are still slightly below their values at the start of the season.

The Eastern Market Indicator (EMI) finished the week 178¢ (-14.5%) less than in the same week last year and 24¢ (-2.2%) less than at the start of the season.  The WMI is 178¢ (-14.4%) less than in the same week last year and is 15¢ (-1.4%) less than at the start of the season.

In South African sales, the Cape Wools Indicator was up by 4.0% in Rand and by 5.1% in US currency since last week.  This rise may have nclude a catch-up component as the rise in last week’s South African market was less than the rise in Australia. 

Wool Services International in New Zealand quoted fine cross fleece wools as 3 to 4% cheaper and coarse crossbred wools as in sellers’ favour. In other fibres, cotton Futures eased again during the week.  December Futures closed at 70.35 US¢ on Friday, down by 2.9% since the previous week.

51,336 bales were on offer, compared with 40,634 bales last week.  6.7% were passed in, comprised of 5.2% in Sydney, 4.9% in Melbourne and 12.0% in Fremantle.  Pass-in rates for Merino fleece and skirtings were 6.4% and 5.6%, respectively.  All pass-in rates were up on last week, as usually occurs when a rising market steadies or eases. 47,906 bales were cleared to the trade.

The New Zealand Merino Company also offered 1,728 bales in Melbourne on Tuesday of which 11.1% were passed in. The year-to-date offering is 47,054 bales less (-7.1%) than at the end of the same week last year.  The year-on-year difference is expected to move to less than 5% over the next three weeks as more wool is being released onto the market in response to the recent price rises.


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

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...

Nitesh Mittal

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

Sandip Bhojani, Manthan Patel

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Robert Brunner
Devereux

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

Ritu Kumar
Label Ritu Kumar

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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