Home / Knowledge / News / Textiles / Aussie wool prices dip marginally last week
Aussie wool prices dip marginally last week
25
Mar '13
The AWEX Regional Indicators finished 1.2% lower, on average, at sales in Sydney, Melbourne and Fremantle last week when the US exchange rate was unchanged.

It was a mixed week following last week’s weaker demand.  Although demand was softer and prices were down, there was a more encouraging finish to the week.

There was a further easing in the market when sales opened in Melbourne on Tuesday, with 18.5 micron wools and finer AWEX MPGs down by 0.5 to 1.5%.  The falls reduced as the micron got broader, with little or no change through the broader Merino and crossbred wools.  There were further falls on Wednesday when all centers were selling.  As on Tuesday, the finest micron wool were the most affected and the medium / broad Merinos and the crossbred wools were generally the least affected.  The falls were greater in the North and the West, as they “caught up” with the previous day’s falls in the South.

Thursday’s sale started on a similar basis, but finished on a better note as demand strengthened towards the close of selling in the East, particularly for the medium and broader Merinos.  A number of AWEX Regional MPGs finished up for the day, or unchanged.  This was repeated in the West, where the WMI was up by 2¢ for the day.

The overall trend was similar to last week with the impact generally lessening as the micron got broader.

The EMI finished 143¢ (-11.7%) less than in the same week last year and is 11¢ (1%) higher than at the start of the season.  The WMI is 136¢ (-10.9%) less than in the same week last year and is 31¢ (2.9%) higher than at the start of the season.

The EMI and WMI are both still above their pre-Christmas values of 1072¢ and 1095¢, respectively.

In other countries, sales are in recess in South Africa until next week.  In New Zealand, Wool Services International quoted 34 to 35 micron crossbred wool as firm to 2% dearer in the North Island and 2 to 7% dearer in the South Island.

Among other fibres, last week’s sharp rises in cotton Futures were reversed this week, leaving their values around 0.5% above their values of two weeks ago.  July Futures were down by 5.6% to close at 87.29 US¢; and December Futures were down by 2.2% to 86.55 US¢.

45,631 bales were on offer, compared with 42,310 bales last week.  10.6% were passed in, comprised of 8.0% in Sydney, 9.5% in Melbourne and 15.2% in Fremantle.  Pass-in rates for Merino fleece and skirtings were 12.3% and 10.2%, respectively.

40,810 bales were cleared to the trade.

The year-to-date offering is now 12,956 bales more (+0.9%) than at the end of the same week last year (see table on the next page).   This difference is expected to be maintained as the next two sales are both expected to be larger than sales in the same weeks last year.

The US exchange rate was relatively stable during the week; and withstood the challenge of the reactions in the Cypriot community to the conditions of the proposed “bail out” from the European Central Bank.  There was an early strengthening of the A$ against the Euro, as the value of the Euro weakened in response to the Cypriot uncertainty.


Must ReadView All

Two slabs of GST will affect Bengaluru garment units: SIGA

Apparel/Garments | On 23rd Jan 2018

Two slabs of GST will affect Bengaluru garment units: SIGA

The South India Garment Association (SIGA) has voiced its concern...

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sandip Bhojani, Manthan Patel

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

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Nisha Chanda
Whistling Woods International School of Fashion

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
8.2%
Skip
9.3%

Total Votes: 97


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