Home / Knowledge / News / Textiles / Aussie wool prices marginally up 1% last week
Aussie wool prices marginally up 1% last week
22
Apr '13
The AWEX Regional Indicators finished 1.0% higher, on average, at sales in Sydney, Melbourne and Fremantle last week. The US exchange rate fell by 2%.

The market opened on a downward note in Melbourne on Tuesday, but finished with a strong upward movement on Thursday.

The market appeared to steady on Wednesday when the Southern Region Indicator rose by 3¢; and the Northern and Western Regional Indicators both fell by less than the Southern Region Indicator did on Tuesday. Further lifts in the Regional Indicators on Thursday meant that they all finished in positive territory for the week. Thursday’s rise in the market was good news for growers. But, it is difficult to know what to read into it, as was the case last week, when the market lifted in Fremantle on Thursday,

The price movements during the week led to considerable volatility in individual AWEX MPGs from 19 to 22 microns. But, all average AWEX Merino MPGs rose during the week. The greatest gains were made at 16.5 and 17.0 microns. Growers reacted to the fall in Tuesday’s market by again withdrawing significant amounts of wool prior to sale, particularly in Fremantle where 19.9% of the bales originally rostered for sale during the week were withdrawn. However, growers who put their wool to market, although cautious, were generally still prepared to sell The EMI finished 160¢ (-13.7%) less than in the same week last year and 65¢ (-6.1%) less than at the start of the season.

The WMI is 136¢ (-11.5%) less than in the same week last year and is 29¢ (-2.7%) less than at the start of the season. In other countries, the Cape Wools Indicator in South Africa was up by 2.2% since last week against a 2.5% depreciation of the Rand against the US Dollar and 3.0% depreciation against the Euro. In New Zealand, Wool Services International quoted fine crossbred (35 microns) early shorn and second shear fleece firm to up to 5% cheaper, according to length.

Among other fibers, cotton Futures have fallen during the week. July Futures were down by 3.3% to close at 85.36 US¢; and December Futures were down by 1.6% to 85.17 US¢ on Friday.

43,708 bales were on offer, compared with 52,465 bales last week. 9.4% were passed in, comprised of 6.1% in Sydney, 9.8% in Melbourne and 12.8% in Fremantle. Pass-in rates for Merino fleece and skirtings were 9.8% and 8.2%, respectively. 39,584 bales were cleared to the trade.

The year-to-date offering continues to be slightly up on the same time last year. It is 5,647 bales more (+0.4%) than at the end of the same week last year (see table on the next page). It may move up further over the next three sales, as they are currently expected to be 19.4% above the same period last year.

The US exchange rate fell sharply on Monday and Tuesday after the release of data that the Chinese economy grew by 7.7% in the first quarter, which was less than the expected value of 8% and was less than in the last quarter on 2012.


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Warangal textile park gets environment clearance

The Kakatiya Mega Textile Park, coming up in Warangal district of...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

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

Madhu Jain
Madhu Jain

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

Sanjukta Dutta
Sanjukta's Studio

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

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

July 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

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

Yes No

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

Yes No

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


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



X