Home / Knowledge / News / Textiles / Cape Wools Merino indicator gains 3.6% this week
Cape Wools Merino indicator gains 3.6% this week
07
Nov '13
The wool market was stronger at this week’s sale and the Cape Wools Merino indicator gained 3.6% on last week to close at R114.43 /kg (clean).

The demand from China, weaker rand and good competition for top quality wool at this week’s sale assisted in pushing the prices higher.

The rand on the day traded 3.4% weaker at R10.17 against the US dollar, compared with last week’s average rate, and weakened 1.6% against the euro at R13.74.

It was a fairly large sale with 12 928 bales offered, of which 98% was sold. The most active traders were Standard Wool (3 865), Modiano (3 156), Lempriere (2 430) and Stucken & Co (1 341).

Wool prices rose across the board with the finer types posting the greatest increases.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 5.6% at R125,41/kg, 18,5 microns strengthened by 5.2% to R123,16/kg, 19 microns gained 3.8% to R121,00/kg, 19,5 microns rose 3.4% to close at R118,43/kg , 20 microns were up 2.7% to close at R115,49/kg, 21 microns gained 3.5% at R115,14/kg, 21,5 microns were 4.4% dearer at R115,19/kg and 22 microns were up 1% to close at R111,29/kg.

The next sale is scheduled for 13 November where approximately 12 000 bales will be on offer.

Cape Wools


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

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

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:
June 2017

June 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