Home / Knowledge / News / Textiles / Wool market made a positive start this year
Wool market made a positive start this year
11
Jan '08
In the first sale the Christmas break, the Australian wool market finished 2.4% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 23¢ (+2.3%), ending the week at 1028¢/kg. This reflected increases of 28¢ (+2.7%) in the North and 17¢ (+1.7%) in the South, with their corresponding Regional Indicators finishing the week at 1069¢ and 993¢ clean, respectively. The Western Indicator rose by 29¢ (+2.9%), finishing the week at 1025¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 12¢ on Wednesday and by 11¢ on Thursday. The Western Indicator rose by 17¢ on Wednesday and by 12¢ on Thursday in a two day sale in Fremantle.

44,562 bales were on offer, compared with 62,066 bales at the last sale, of which 5.8% were passed in, comprised of 5.5% in Sydney, 4.1% in Melbourne and 8.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 5.1% and 3.7%, respectively. 1,462 bales (3.2%) were withdrawn prior to sale and re-offered bales made up 9.1% of this week's offering.
The US exchange rate (source RBA) was 0.98¢ lower on Monday when compared with Thursday of the last sale. It was up by 0.42¢ on Tuesday, by 0.50¢ on Wednesday and by 0.19¢ on Thursday to close at 88.40¢, up 0.13¢ (+0.1%) since the last sale. The exchange rate against the Euro rose by 0.27 Euro cents (+0.5%) to close at 60.21 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI increased by 22¢ (+2.5%) in US terms and by 17¢ (+2.8%) in Euro terms when compared with the previous sale.

Must ReadView All

Courtesy: Creora

Textiles | On 28th Mar 2017

Hyosung holds Creora workshops in China, HK & Taiwan

South Korean specialty fibre producer Hyosung held a series of...

Apparel/Garments | On 28th Mar 2017

US withdrawal from TPP to not impact Vietnam garment exports

A high ranking official of the Vietnam Textile and Apparel...

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

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

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Paolo Ocleppo
Sandvik Hyperion

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

Eric Scholler
Groz-Beckert

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

Mohammad Hassan
Biax Fiberfilm

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

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
March 2017

March 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