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prior to sale, particularly in Fremantle where 19.9% of the bales originally rostered for sale during the week were withdrawn.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

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

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Rikesh Mistry

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

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

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...

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