Home / Knowledge / News / Textiles / Australian Wool Market - Weekly Review
Australian Wool Market - Weekly Review
31
Jan '09
The Australian wool market finished 1.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI fell by 16¢ (-2.1%), ending the week at 744¢/kg. This reflected falls of 19¢ (-2.4%) in the North and 13¢ (-1.8%) in the South, with their corresponding Regional Indicators finishing the week at 769¢ and 724¢ clean, respectively. The Western Indicator fell by 2¢ (-0.3%), finishing the week at 713¢.

In a three day sale in Sydney and Melbourne, the AWEX EMI fell by 10¢ on Tuesday, rose by 3¢ on Wednesday and fell by 9¢ on Thursday. The Western Indicator was unchanged on Wednesday and fell by 2¢ on Thursday in a two day sale in Fremantle.

61,867 bales were on offer, compared with 52,849 bales last week, of which 11.7% were passed in, comprised of 10.1% in Sydney, 12.0% in Melbourne and 13.0% in Fremantle. Pass-in rates for Merino fleece and skirtings were 13.3% and 10.4%, respectively. 2,323 bales (3.6%) were withdrawn prior to sale and re-offered bales made up 14.3% of this week's offering.

The US exchange rate (source RBA) was 2.29¢ higher on Monday when compared with Thursday of last week. It was then down by 2.09¢ on Tuesday, by 0.65¢ on Wednesday and up by 0.54¢ on Thursday to close at 65.90¢, up 0.09¢ (+0.1%) since the last sale. The exchange rate against the Euro rose by 0.61 Euro cents (+1.2%) to close at 50.54 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved down by 10¢ (-2.0%) in US terms and by 3¢ (-0.8%) in Euro terms when compared with the previous sale.

The market opened on a softer note in a larger sale this week, in which currency continued to fluctuate widely and it was the last sale before Chinese New Year. It settled in A$ on Wednesday when the US exchange rate eased, before falling again on Thursday. The trade reports an increasing amount of tender wool.

Changes in the AWEX Micron Price Guides (MPGs) for Merino wools varied from -4.0% (18.0 microns) to -1.0% (23.0 microns) with the downward movements generally greatest among the fine wools. Average AWEX Micron Price Guides (MPGs) were down by 17¢ clean for 16.5 microns, by 32¢ for 17.0 microns, by 39¢ for 17.5 microns, by 44¢ for 18.0 microns, by 25¢ for 18.5 microns, by 13¢ for 19.0 microns and by 10¢ for 19.5 microns. The 20.0 micron wool average MPG was down by 14¢ clean, 21.0 microns by 10¢, 22.0 microns by 7¢, 23.0 microns by 7¢, and 24.0 microns by 12¢.

Prices for Merino skirtings also eased generally, other than for the better types on Wednesday as competition was not as strong as usual. Crossbred prices finished down on the last sale, with their average MPGs falling by around 6¢ at the fine end and by 0 to 2¢ among the medium and coarse types. Oddments were in strong demand again this week with the Merino Cardings average MPG finishing 9¢ (+1.9%) up for the week on top of last week's gain of 18¢ (+3.9%).


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kevin Nelson
TissueGen

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

Steve Cole
Xerium Technologies

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra
Huemn

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

Akta Adani
India Boulevard

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search