Home / Knowledge / News / Textiles / AWEX EMI fall by 15¢
AWEX EMI fall by 15¢
10
Nov '08
The Australian wool market finished 2.4% lower, on average, at sales in Newcastle, Melbourne and Fremantle this week.

The AWEX EMI fell by 15¢ (-2.0%), ending the week at 723¢/kg. This reflected falls of 11¢ (-1.4%) in the North and 19¢ (-2.6%) in the South, with their corresponding Regional Indicators finishing the week at 749¢ and 702¢ clean, respectively. The Western Indicator fell by 22¢ (-3.1%), finishing the week at 693¢.

In a three day sale in Newcastle and a two day sale in Melbourne, the AWEX EMI fell by 7¢ on Tuesday, by 9¢ on Wednesday and rose by 1¢ on Thursday. The Western Indicator fell by 20¢ on Wednesday and by 2¢ on Thursday in a two day sale in Fremantle.

40,160 bales were on offer, compared with 40,485 bales last week, of which 19.0% were passed in, comprised of 13.5% in Newcastle, 18.7% in Melbourne and 27.3% in Fremantle. Pass-in rates for Merino fleece and skirtings were 23.0% and 10.3%, respectively. 8,260 bales (17.1%) were withdrawn prior to sale and re-offered bales made up 13.0% of this week's offering.

The US exchange rate fluctuated wildly again this week with the Reserve Bank lowering official interest rates by 0.75%, rather than the expected 0.5% and changes in commodity prices.

It was 0.34¢ lower on Monday (source RBA) when compared with Thursday of last week. It was then down by a further 1.71¢ on Tuesday, up by 2.38¢ on Wednesday and down by 1.52¢ on Thursday to close at 67.30¢, down 1.19¢ (-1.7%) since the last sale. The exchange rate against the Euro rose by 0.43 Euro cents (+0.8%) to close at 52.29 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved down by 18¢ (-3.6%) in US terms and by 5¢ (-1.3%) in Euro terms when compared with the previous sale.

The market finished on a firmer note on Thursday after moving downwards when sales opened in Newcastle on Tuesday and in Melbourne and Fremantle on Tuesday. Overall, there were falls over all micron ranges and types with the greatest changes in the AWEX MPGs seen in the 17.5, 18.0, 24.0, 25.0 and 26.0 micron categories.

However, the good quality offering in Newcastle saw prices of 48,000 paid for one lot of 12.5 micron wool and 39,000¢ for a 12.6 micron lot.

Falls in the AWEX Micron Price Guides (MPGs) for Merino wools varied from -0.4 to -7.1%; with the most around -2%. Average AWEX Micron Price Guides (MPGs) were down by 24¢ clean for 17.0 microns, by 71¢ for 17.5 microns, by 51¢ for 18.0 microns, by 14¢ for 18.5 microns, by 17¢ for 19.0 microns and by 19¢ for 19.5 microns. The 20.0 micron wool average MPG was down by 19¢ clean, 21.0 microns by 16¢, 22.0 microns by 13¢, 23.0 microns by 11¢, and 24.0 microns by 45¢.

Prices for Merino skirtings held up for the better types on offer in Newcastle, but eased in Melbourne and Fremantle. Fine and medium crossbred average MPGs were down by 4 to 9%, whereas coarse crossbred MPGs were down by 1 to 2%. Oddments were generally unchanged during the week.


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Sonia Agarwal
Whitenife

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

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Judy Frater
Somaiya Kala Vidya

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

Yash P. Kotak
Bombay Hemp Company

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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