Home / Knowledge / News / Textiles / Australian wool market upbeat this week
Australian wool market upbeat this week
25
Jan '08
The Australian wool market finished 0.9% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 9¢ (+0.9%), ending the week at 1045¢/kg. This reflected increases of 7¢ (+0.6%) in the North and 11¢ (+1.1%) in the South, with their corresponding Regional Indicators finishing the week at 1086¢ and 1010¢ clean, respectively. The Western Indicator rose by 10¢ (+1.0%), finishing the week at 1053¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 13¢ on Wednesday before falling by 4¢ on Thursday when there was an appreciation in the US exchange rate. The Western Indicator up by 14¢ on Wednesday and down by 4¢ on Thursday in a two day sale in Fremantle.

All four Indicators are at their season high and are at their highest levels since the 2002/03 season when the EMI peaked at 1189¢, but at a much lower exchange rate.

49,903 bales were on offer, compared with 69,947 bales last week, of which 10.2% were passed in, comprised of 6.5% in Sydney, 6.3% in Melbourne and 19.2% in Fremantle. Pass-in rates for Merino fleece and skirtings were 11.3% and 7.2%, respectively. 827 bales (1.6%) were withdrawn prior to sale and re-offered bales made up 9.9% of this week's offering.

In a fluctuating week, the US exchange rate (source RBA) was 0.38¢ lower on Monday when compared with Thursday of last week. It was down by a further 1.85¢ on Tuesday to 85.77¢, up by 0.61¢ on Wednesday and by 1.08¢ on Thursday to close at 87.46¢, down 0.54¢ (-0.6%) since the last sale.


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Nuno Venda
ROQ

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

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Urs Stalder
Sanitized AG

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search