Interviews
News Flash
AWEX EMI rise by 6¢
20 May '08
3 min read
The exchange rate against the Euro fell by 1.15 Euro cents (-1.9%) to close at 60.22 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI was unchanged in US terms and down by 7¢ ( 1.3%) in Euro terms when compared with the previous sale.
The market maintained much of the steadying influence seen last Thursday. It also saw some very keen bidding for a limited selection of good quality 16.5 to 17.5 micron wool with good staple measurement values which created a significant lift in their average Micron Price Guides (MPGs). Other Merino micron ranges were generally up, or unchanged except for 22 and 23 microns whose MPGs eased by 10¢ and 5¢ respectively.
Average MPGs were up by 76¢ clean for 16.5 microns, by 98¢ for 17.0 microns, by 52¢ for 17.5 microns, by 36¢ for 18.0 microns, by 7¢ for 18.5 microns, was unchanged for 19.0 microns, and up by 3¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 4¢ clean, 21.0 microns by 5¢, 22.0 microns was down by 10¢, 23.0 microns by 5¢, and 24.0 microns was up by 9¢.
Merino skirtings were in strong demand and finished on a very firm note, while oddments finished on a slightly weaker note, with the Merino Cardings MPG down by 6¢. Demand for crossbreds remained firm, with increases 2 to 5¢ in MPGs.
Buyers for China were dominant with a strong presence from buyers for Europe and for India.
Sales will be held in Sydney, Melbourne and Fremantle next week, when43,791 bales are currently rostered for sale. Present estimates for the following three sales vary from 33,100 (Sydney and Melbourne only selling) to 45,220 bales, a decrease of 7.3% over the four sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 5.0% since last sale two weeks ago against a 1.0% depreciation of the Rand against the US Dollar and a 5.0% appreciation against the Euro.
The market maintained much of the steadying influence seen last Thursday. It also saw some very keen bidding for a limited selection of good quality 16.5 to 17.5 micron wool with good staple measurement values which created a significant lift in their average Micron Price Guides (MPGs). Other Merino micron ranges were generally up, or unchanged except for 22 and 23 microns whose MPGs eased by 10¢ and 5¢ respectively.
Average MPGs were up by 76¢ clean for 16.5 microns, by 98¢ for 17.0 microns, by 52¢ for 17.5 microns, by 36¢ for 18.0 microns, by 7¢ for 18.5 microns, was unchanged for 19.0 microns, and up by 3¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 4¢ clean, 21.0 microns by 5¢, 22.0 microns was down by 10¢, 23.0 microns by 5¢, and 24.0 microns was up by 9¢.
Merino skirtings were in strong demand and finished on a very firm note, while oddments finished on a slightly weaker note, with the Merino Cardings MPG down by 6¢. Demand for crossbreds remained firm, with increases 2 to 5¢ in MPGs.
Buyers for China were dominant with a strong presence from buyers for Europe and for India.
Sales will be held in Sydney, Melbourne and Fremantle next week, when43,791 bales are currently rostered for sale. Present estimates for the following three sales vary from 33,100 (Sydney and Melbourne only selling) to 45,220 bales, a decrease of 7.3% over the four sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 5.0% since last sale two weeks ago against a 1.0% depreciation of the Rand against the US Dollar and a 5.0% appreciation against the Euro.
Australian Wool Innovation Limited
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
