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

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Nitesh Mittal

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

Ashok Desai
Bombay Textile Research Association

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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