Home / Knowledge / News / Textiles / Superfine & ultrafine wools again lead the market
Superfine & ultrafine wools again lead the market
27
Mar '09
The Australian wool market finished 1.1% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 8¢ (+1.1%), ending the week at 751¢/kg. This reflected rises of 8¢ (+1.0%) in the North and 8¢ (+1.1%) in the South, with their corresponding Regional Indicators finishing the week at 775¢ and 730¢ clean, respectively. The Western Indicator rose by 8¢ (+1.1%), finishing the week at 708¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI was unchanged on Wednesday and rose by 8¢ on Thursday. The Western Indicator rose by 1¢ on Wednesday and by 7¢ on Thursday in a two day sale in Fremantle.

45,712 bales were on offer, compared with 45,293 bales last week, of which 7.8% were passed in, comprised of 5.5% in Sydney, 9.2% in Melbourne and 8.0% in Fremantle. Pass-in rates for Merino fleece and skirtings were 8.0% and 4.3%, respectively. 1,739 bales (3.7%) were withdrawn prior to sale and re-offered bales made up 11.3% of this week's offering.

The New Zealand Merino Company also offered 1,095 bales in Melbourne on Thursday of which 24.8% were passed in. 68 bales (5.8%) were withdrawn prior to sale and 46.0% of the bales were re-offers.

The US exchange rate (source RBA) was 2.12¢ higher on Monday when compared with Thursday of last week. It was then up by a further 0.79¢ on Tuesday, down by 0.71¢ on Wednesday and up by 0.09¢ on Thursday to close at 69.83¢, up 2.29¢ (+3.4%) since the last sale and by 7.7% in the last two weeks. The exchange rate against the Euro rose by 1.30 Euro cents (+2.6%) to close at 51.48 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 22¢ (+4.4%) in US terms and by 14¢ (+3.8%) in Euro terms when compared with the previous sale.

The AWEX EMI has moved up by 26¢ in A$, by 58¢ in US Currency and by 17¢ in Euro terms since the beginning of March.

It was another good week with widespread competition, rises across all types and micron ranges apart from the crossbreds and lower than average pass-in rates. Superfine and ultrafine wools again led the market. The increases occurred despite the further appreciation in the US exchange rate, as was the case last week.

Changes in the Average AWEX Micron Price Guides (MPGs) for Merino wools varied from +0.9% (23.0 microns) to +2.8% (16.5 microns) with the biggest rises among the fine wools. Average MPGs were up by 39¢ clean for 16.5 microns, by 18¢ for 17.0 microns, by 30¢ for 17.5 microns, by 15¢ for 18.0 microns, by 22¢ for 18.5 microns, by 11¢ for 19.0 microns and by 9¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 8¢ clean, 21.0 microns by 9¢, 22.0 microns by 7¢, 23.0 microns by 6¢, and 24.0 microns by 8¢.

Merino skirtings were in strong demand on Thursday after a mixed day on Wednesday, with price increases up to 20¢ greasy reported in the South on Thursday. The pass-in rate of 4.3% was the lowest for skirtings types this season. Crossbred types did not do as well as the Merinos, with falls of 4 to 6¢ in their Average MPGs. The oddment results were mixed over both days with the Merino Cardings Average MPG finishing up by 3¢ for the week.

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Unipar Carbocloro plant in the city of Cubatão, São Paulo state. Courtesy: Wikipedia

Textiles | On 10th Dec 2016

Brazil’s CADE clears Solvay’s 70.59% stake sale in Indupa

Brazil’s administrative council for economic defence (CADE) has...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sonia Agarwal
Whitenife

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

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

Rupa Sood and Sharan Apparao
Nayaab

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search