Home / Knowledge / News / Textiles / Wool market closes on firm note
Wool market closes on firm note
Jun '08
The Australian wool market finished 0.3% higher, on average, at one day sales on Wednesday in Sydney and Melbourne this week

The AWEX EMI rose by 3¢ (+0.3%), ending the week at 873¢/kg. This reflected rises of 1¢ (+0.1%) in the North and 4¢ (+0.5%) in the South, with their corresponding Regional Indicators finishing the week at 912¢ and 840¢ clean, respectively. The Western Indicator remained unchanged at 847¢, as there was no sale in Fremantle this week.

19,646 bales were on offer in the smallest sale of the season, compared with 30,392 bales last week (when all three regions sold), of which 7.3% were passed in, comprised of 6.5% in Sydney and 7.9% in Melbourne. Pass-in rates for Merino fleece and skirtings were 8.8% and 3.7%, respectively. 987 bales (4.8%) were withdrawn prior to sale and re-offered bales made up 16.0% of this week's offering.

The US exchange rate (source RBA) was 0.15¢ higher on Monday when compared with Thursday of last week. It was then up by a further 0.33¢ on Tuesday and down by 0.12¢ on Wednesday to close at 94.15¢, up 0.36¢ (+0.4%) since the last sale. The exchange rate against the Euro rose by 0.21 Euro cents (+0.3%) to close at 60.84 Euro cents on Wednesday night. When looked at in other currencies, the AWEX EMI moved up by 6¢ (+0.7%) in US terms and by 4¢ (+0.8%) in Euro terms when compared with the previous sale.

The market firmed on the stronger note of last week with increases across all types and across a number of micron ranges. Competition for the better lots (including some Spinners types in the South) was again strong, with the typical less support for the low yielding and poorer type wools.

Micron Price Guides (MPGs) for 16.5, 17.0 and 17.5 microns were only quoted in the South where they rose by 2¢, 4¢ and 6¢, respectively.

For other wools at the fine end, their average MPGs were down by 5¢ for 18.0 microns, by 4¢ for 18.5 microns, by 6¢ for 19.0 microns and by 2¢ for 19.5 microns. There was a North/South difference in the 19.5 micron range with the Indicator falling by 8¢ in the North and rising by 4¢ in the South. The 20.0 micron wool average MPG was up by 2¢ clean, 21.0 microns by 5¢, 22.0 microns by 3¢, 23.0 microns by 3¢, and 24.0 microns by 6¢.

Skirtings were in very strong demand, as reflected in the low pass-in rate of 3.7%. Oddments were also in good demand, with average Merino Cardings MPG rising by 3¢. Crossbred MPGs were up by around 3¢ on average apart from the 28 micron wool in the South where the MPG came back by 14¢.

Once again, the majority of the wool was bought by buyers for China, with strong support from buyers for India.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 40,247 bales are currently rostered for sale. Present estimates for the following two sales prior to the break vary from 37,585 to 46,695 bales, a decrease of 1.1% over the three sale period when compared with last year.

South African sales are in recess until 20 August.

Australian Wool Innovation Limited

Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Eric Scholler

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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


news category

Related Categories:
June 2017

June 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