Home / Knowledge / News / Textiles / AWEX EMI rise by 6¢
AWEX EMI rise by 6¢
20
May '08
In a better week, the Australian wool market finished 0.3% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 6¢ (+0.7%), ending the week at 890¢/kg. This reflected a decrease of 2¢ (-0.2%) in the North and an increase of 12¢ (+1.4%) in the South, with their corresponding Regional Indicators finishing the week at 925¢ and 861¢ clean, respectively. The Western Indicator fell by 3¢ (-0.3%), finishing the week at 865¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 4¢ on Wednesday, when the US exchange rate was well over 94¢, and by 2¢ on Thursday. The Western Indicator fell by 4¢ on Wednesday and rose by 1¢ on Thursday in a two day sale in Fremantle.

46,694 bales were on offer, compared with 48,646 bales last week, of which 14.4% were passed in, comprised of 11.0% in Sydney, 13.1% in Melbourne and 21.8% in Fremantle, all of which are lower than the corresponding pass-in rates of recent weeks.

Pass-in rates for Merino fleece and skirtings were 16.2% and 13.7%, respectively. 3,816 bales (7.6%) were withdrawn prior to sale and re-offered bales made up 18.1% of this week's offering.

The re-offer rate was almost 20% of the offering for the second week in a row.

The US exchange rate (source RBA) was 0.27¢ lower on Monday when compared with Thursday of last week. It was up by 0.92¢ on Tuesday, down by 0.84¢ on Wednesday and by 0.45¢ on Thursday to close at 93.36¢, down 0.64¢ (-0.7%) since the last sale.

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mark Paterson
Technical Absorbents Ltd

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Pranav Mishra
Huemn

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

Tony Ward
Tony Ward

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

Bani Batra

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

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:
May 2017

May 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