Home / Knowledge / News / Textiles / Cape wools market drops slightly this week
Cape wools market drops slightly this week
31
Oct '13
The wool market dropped slightly at this week’s sale and the Cape Wools Merino indicator closed 2.4% lower at R110,51/kg (clean) compared to last week’s. This is 8.4% higher compared to this season’s opening sale.

There was keen competition on the auction floor between grease-wool exporters and processors and 99% of the offering of 9 548 bales was sold. According to traders, resistance from China towards the current price levels of raw wool continued to affect this week’s wool sale.

The rand had little influence on the market and at R9,84 it was 0.8% weaker against the dollar compared with last week’s average rate. At R13,53 it had lost 0.7% on average value against the euro.

Wool prices dropped across the board with the stronger types posting the greatest decline.

Most active traders were Modiano (2 712), Standard Wool (2 327), Lempriere (2 151) and Stucken & Co (1 282).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 2.3% at R118,72/kg, 18,5 microns weakened by 2.6% to R117,06/kg, 19 microns dropped 1% to R116,57/kg, 19,5 microns shed 1.8% to close at R114,52/kg , 20 microns dropped 1.9% to close at R112,50/kg, 20,5 microns were down 2.7% at R111,27/kg, 21,5 microns were 2.9% cheaper at R110,37/kg and 22 microns were down 1.8% to close at R110,21/kg.

The next sale is scheduled for 6 November where approximately 12 500 bales will be on offer.

Cape Wools

Must ReadView All

Courtesy: Pan Brothers

Apparel/Garments | On 30th May 2017

Pan Brothers to set up 2 new garment factories

PT Pan Brothers Tbk plans to increase its production capacity by...

Apparel/Garments | On 30th May 2017

Levy uniform rate of GST on yarn & fibre: SIGA

The South Indian Garment Association (SIGA) has urged Union finance...

Textiles | On 30th May 2017

ExxonMobil, SABIC sign deal for next phase of US project

Affiliates of Exxon Mobil Corporation and Saudi Basic Industries...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Amrit Sethia
SOIE

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

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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