Home / Knowledge / News / Textiles / Wool market closes 2.5% lower
Wool market closes 2.5% lower
15
May '08
The Australian wool market finished 2.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 20¢ (-2.2%), ending the week at 884¢/kg. This reflected decreases of 23¢ (-2.4%) in the North and 18¢ (-2.1%) in the South, with their corresponding Regional Indicators finishing the week at 927¢ and 849¢ clean, respectively. The Western Indicator fell by 27¢ (-3.0%), finishing the week at 868¢.

It was the first time the closing EMI had fallen below 900¢ since the second week in August, when it closed at 899¢. In a two day sale in Sydney and Melbourne, the AWEX EMI fell by 22¢ on Wednesday and rose by 2¢ on Thursday. The Western Indicator fell by 29¢ on Wednesday and rose by 2¢ on Thursday in a two day sale in Fremantle.

48,646 bales were on offer, compared with 55,718 bales last week, of which 20.9% were passed in, comprised of 15.8% in Sydney, 17.0% in Melbourne and 34.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 23.7% and 21.8%, respectively. 2,961 bales (5.7%) were withdrawn prior to sale and re-offered bales made up 18.2% of this week's offering.

The re-offer rate, which was almost 20% of the offering, was the highest for the season. The US exchange rate (source RBA) was 0.28¢ higher on Monday when compared with Thursday of last week. It was up by a further 0.39¢ on Tuesday, by 0.19¢ on Wednesday and down by 0.63¢ on Thursday to close at 94.00¢, up 0.23¢ (+0.2%) since the last sale. The exchange rate against the Euro rose by 1.37 Euro cents (+2.3%) to close at 61.37 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI decreased by 17¢ (-2.0%) in US terms and increased by 1¢ (+0.2%) in Euro terms when compared with the previous sale.


Must ReadView All

Courtesy: Sympatex Technologies

Textiles | On 23rd Feb 2018

Sympatex, Ricosta jointly move towards sustainability

Sympatex Technologies is moving towards sustainability with its...

Courtesy: Business wire

Information Technology | On 23rd Feb 2018

CLO Virtual Fashion launches CLO 4.0 & new website

CLO Virtual Fashion, a leading developer of cutting-edge 3D garment...

Courtesy: Delta Galil

Apparel/Garments | On 23rd Feb 2018

Delta Galil 2017 sales up 16% to $1,368.1 million

Delta Galil sales for full year 2017 increased 16 per cent to...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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