Home / Knowledge / News / Textiles / Aussie wool prices slide towards end of last week
Aussie wool prices slide towards end of last week
19
Aug '13
Wool auction sales opened initially this week to a largely positive result, with the first day being quoted as generally firm in prices and no real movement in any of the type categories on offer. Whilst the number of bales put up for sale was relatively light in volume, the competition was very much evident to be less intense to the previous series, and the subsequent weakening of levels throughout the final day was somewhat anticipated by the buying fraternity.

Unfortunately, by the cessation of selling for the week, all price indicators were showing net losses of between 5 and 10acents clean approximately.

Superfine Merino types 18.5 of most descriptions held on to their last weeks’ gains rather well, with only the lowest types on offer peeling off towards the close.

Sale lots with higher vm (vegetable matter), shorter gsl (greasy staple length) and weaker strength were most affected, as the top makers either filled current orders or switched to the coarser end of the selection. The best style and measured lots remained relatively firm throughout and the small offering of spinners descriptions met with much better competition than the lower types.

Fine, medium and coarse Merino types and descriptions were mostly traded at similar levels all week until the last hour or so in Melbourne which saw a very abrupt fall on the broader types 20.5 micron and coarser descriptions, resulting in the loss of a good 25 to 35acents in that last hour.

Contrary to this market fall was that the Sydney market continued selling after Melbourne at levels 15acents higher. Perhaps container filling in centers or order placements could be a factor? Whatever the reason, there was a very apparent unwillingness of buyers to take on any stock, even at such comparatively discounted levels.

The crossbred and comeback sector had a very uneventful week, with most prices remaining at the current attractive price levels. Competition remains in place, but the pressure to deliver now appears to be somewhat waning and new orders are needed to continue this market segment travelling along this plane.

It eventually had to happen, but the carding market has appeared to have topped out for the moment. Whilst prices being achieved in this area of the wool offering are significant, the impetus seems to be stalled at present. Perhaps the historically highest prices ever paid is retarding the thrust or possibly the extremely narrow price gap to the worsted types is alarming the users of these types?

With woolgrowers seemingly reluctant to offer their wool for sale, volumes next week will be less than 30,000 bales. In fact, the Fremantle centre in Western Australia will not even hold a sale, choosing to hold off and build up a reasonable auction quantity for the following week.

The sharp fall towards the close in Melbourne and the overall weak sentiment flowing out of China at the moment is a real concern, and if the market canhold on at firm levels that is anticipated to be a good result.

Australian Wool Innovation Limited

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search