Home / Knowledge / News / Textiles / AWEX EMI up by 23¢
AWEX EMI up by 23¢
27
Apr '09
The Australian wool market finished 2.9% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when sales resumed after the Easter break.

The AWEX EMI rose by 23¢ (+3.0%), ending the week at 790¢/kg. This reflected rises of 25¢ (+3.2%) in the North and 21¢ (+2.8%) in the South, with their corresponding Regional Indicators finishing the week at 812¢ and 771¢ clean, respectively. It was the first time the Northern Market Indicator had been over 800¢ since mid-October last year. The Western Indicator rose by 19¢ (+2.6%), finishing the week at 749¢.

In a three day sale in Melbourne and a two day sale in Sydney, the AWEX EMI rose by 3¢ on Tuesday, by 11¢ on Wednesday and by 9¢ on Thursday. The Western Indicator rose by 11¢ on Wednesday and by 8¢ on Thursday in a two day sale in Fremantle.

57,952 bales were on offer, compared with 46,080 bales at the last sale, of which 5.2% were passed in, comprised of 4.6% in Sydney, 3.6% in Melbourne and 8.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 6.2% and 2.8%, respectively. 1,914 bales (3.2%) were withdrawn prior to sale and re-offered bales made up 8.1% of this week's offering.

The US exchange rate (source RBA) was 1.29¢ higher on Monday when compared with Wednesday of the last sale. It was then down by 1.60¢ on Tuesday, up by 0.29¢ on Wednesday and by 0.31¢ on Thursday to close at 70.84¢, up 0.29¢ (+0.4%) since the last sale. The exchange rate against the Euro rose by 0.85 Euro cents (+1.6%) to close at 54.38 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 19¢ (+3.5%) in US terms and by 19¢ (+4.6%) in Euro terms when compared with the previous sale.

It was another good week with the AWEX EMI finishing up across all micron ranges and wool types. It saw a continuation of the gains made in all currencies in the six weeks prior to Easter. The ultra fine end of the market made noticeable gains during the week. The strong performance of the market was reflected in the lowest pass-in rate for the season.

Changes in the Average AWEX Micron Price Guides (MPGs) for Merino wools varied from +1.1% (24.0 microns) to +4.3% (16.5 microns) and +4.6% (19.0 microns) with the greatest increases being from 16.5 to 20.0 microns. Average MPGs were up by 64¢ clean for 16.5 microns, by 43¢ for 17.0 microns, by 49¢ for 17.5 microns, by 29¢ for 18.0 microns, by 31¢ for 18.5 microns, by 46¢ for 19.0 microns and by 27¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 28¢ clean, 21.0 microns by 21¢, 22.0 microns by 21¢, 23.0 microns by 19¢, and 24.0 microns by 8¢.

Merino skirtings, particularly the better ones, were in strong demand all week with gains on each day. The pass-in rate of 2.8% was the lowest for the season. Crossbred types also had a good week with price rises on each day. Fine crossbred average MPGs were up marginally, whereas medium and coarse crossbred average MPGs were up by 2.5%. Oddment prices were up on Tuesday and Wednesday before easing slightly on Thursday. The Merino Cardings average MPG was up by 2¢ for the week.


Must ReadView All

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Casper raises total funding of $240 million

Casper, the global sleep company launched three years ago has...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Silke Brand-Kirsch
Schlegel und Partner

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

Eric Scholler
Groz-Beckert

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

Suresh Patel
Sidwin Fabric

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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