Home / Knowledge / News / Textiles / AWEX EMI moves down by 19¢
AWEX EMI moves down by 19¢
15
Jul '08
The Australian wool market finished 0.9% lower, on average, at sales in Sydney, Melbourne and Fremantle this week in the last sale before the mid-year break

The AWEX EMI fell by 10¢ (-1.1%), ending the week at 864¢/kg. This reflected falls of 10¢ (-1.1%) in the North and 8¢ (-1.0%) in the South, with their corresponding Regional Indicators finishing the week at 902¢ and 832¢ clean, respectively. The Western Indicator fell by 5¢ (-0.6%), finishing the week at 840¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI fell by 5¢ on Tuesday and by 5¢ on Wednesday. The Western Indicator fell by 5¢ on Wednesday in a one day sale in Fremantle.

45,258 bales were on offer, compared with 45,544 bales last week, of which 11.2% were passed in, comprised of 8.5% in Sydney, 9.7% in Melbourne and 18.6% in Fremantle. Pass-in rates for Merino fleece and skirtings were 10.9% and 10.1%, respectively. 725 bales (1.6%) were withdrawn prior to sale and re-offered bales made up 13.5% of this week's offering.

The US exchange rate (source RBA) was 0.18¢ lower on Monday when compared with Thursday of last week. It was then down by a further 0.63¢ on Tuesday and by 0.28¢ on Wednesday to close at 95.15¢, down 1.09¢ (-1.1%) since the last sale.

The exchange rate against the Euro rose on Monday, but fell over the next two days to close at 60.54 Euro cents on Wednesday night, down by 0.11 Euro cents (-0.2%). When looked at in other currencies, the AWEX EMI moved down by 19¢ (-2.3%) in US terms and by 7¢ (-1.3%) in Euro terms when compared with the previous sale.

The market closed for the break on a softer note, with an easing across all Merino micron ranges and strong support confined to the very good wools. Falls were least at the fine end. Average AWEX Micron Price Guides (MPGs) were down by 1¢ for 17.0 microns, by 6¢ for 17.5 microns, by 19¢ for 18.0 microns, by 18¢ for 18.5 microns, by 15¢ for 19.0 microns and by 12¢ for 19.5 microns. The 20.0 micron wool average MPG was down by 11¢ clean, 21.0 microns by 8¢, 22.0 microns by 8¢, 23.0 microns by 6¢, and 24.0 microns by 12¢.

Skirtings were less affected in the North and the South, where they were largely unchanged, but eased in the West. Oddments were again easier, with the average Merino Cardings MPG down by 8¢. Crossbred average MPGs were all up - by 9¢ for 26 microns, by 1¢ for 28 microns, by 4¢ for 30 microns and by 3¢ for 32 microns.

Buyers for China were dominant, with good support from buyers for Europe and India.

Looking at the last sale before the break last year, average MPGs are up for 16.5 to 18.5 micron wools, but down for the other micron ranges as follows - 16.5 microns +187¢, 17.0 microns +149¢, 17.5 microns +169¢, 18 microns +181¢, 18.5 microns +59¢, 19.0 microns -27¢, 19.5 microns -70¢, 20 microns -95¢, 21 microns -89¢, 22 microns -80¢, 23 microns 66¢, 24 microns -34¢. Fine crossbred average MPGs were down by 38¢, medium crossbreds by 35¢ and coarse crossbreds by 1¢.

Sales will be in recess next week and resume in the week commencing 4 August (Week 6), when 59,700 bales are currently rostered for sale in Sydney, Melbourne and Fremantle.

South African sales are in recess until 20 August.

AWTA sampling and testing data to the end of June was released last week. The weight of wool tested was down by 7% for the twelve month period. This is line with the production forecast of -7% from 430 mkg in 2006/07 to 400 mkg in 2007/08.

Australian Wool Innovation Limited


Must ReadView All

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 2017

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
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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