Home / Knowledge / News / Textiles / Australian wool market closes lower
Australian wool market closes lower
Feb '08
The Australian wool market finished 2.1% lower, on average, at sales in Sydney, Melbourne and Fremantle this week against a further increase in the US exchange rate.

The AWEX EMI fell by 18¢ (-1.8%), ending the week at 974¢/kg. This reflected decreases of 15¢ (-1.5%) in the North and 20¢ (-2.1%) in the South, with their corresponding Regional Indicators finishing the week at 1016¢ and 939¢ clean, respectively. The Western Indicator fell by 26¢ (-2.6%), finishing the week at 972¢.

In a three day sale in Melbourne and a two day sale in Sydney, the AWEX EMI fell by 11¢ on Tuesday, by 5¢ on Wednesday and by 2¢ on Thursday. The Western Indicator fell by 28¢ on Wednesday and rose by 2¢ on Thursday in a two day sale in Fremantle.

58,634 bales were on offer, compared with 48,362 bales last week, of which 18.3% were passed in, comprised of 16.0% in Sydney, 16.4% in Melbourne and 24.6% in Fremantle. Pass-in rates for Merino fleece and skirtings were 20.7% and 15.0%, respectively. 4,138 bales (6.6%) were withdrawn prior to sale and re-offered bales made up 14.5% of this week's offering.

The New Zealand Merino Company also offered 3,853 bales in Melbourne on Wednesday of which 17.3% were passed in. 50 bales (1.3%) were withdrawn prior to sale and 23.8% of the bales were re-offers. The market for these wools was quoted by AWEX as fully firm. The total offering of 62,487 bales was well short of the previous Thursday's forecast of 68,557.

The US exchange rate (source RBA) was 1.06¢ higher on Monday when compared with Thursday of last week. It was up by 0.63¢ on Tuesday, down by 0.41¢ on Wednesday and up by 0.29¢ on Thursday to close at 91.83¢, up 1.57¢ (+1.7%) since the last sale.

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

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

Tony Ward
Tony Ward

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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