Home / Knowledge / News / Textiles / Wool market up, skirting types in good demand again
Wool market up, skirting types in good demand again
26
Jun '09
The Australian wool market finished 0.4% higher, on average, at the last sales for 2008/09 in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 2¢ (+0.3%), ending the week at 777¢/kg. This reflected rises of 2¢ (+0.3%) in the North and 4¢ (+0.5%) in the South, with their corresponding Regional Indicators finishing the week at 798¢ and 761¢ clean, respectively. The Western Indicator rose by 2¢ (+0.3%) since the last sale two weeks ago, finishing the week at 769¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 2¢ on Wednesday and was unchanged on Thursday. The Western Indicator rose by 2¢ on Wednesday in a one day sale in Fremantle.

33,208 bales were on offer, compared with 17,206 bales last week (when only Sydney and Melbourne sold), of which 12.3% were passed in, comprised of 10.7% in Sydney, 9.9% in Melbourne and 19.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 14.3% and 10.1%, respectively. 1,621 bales (4.7%) from the expected offering of 34,829 bales were withdrawn prior to sale and re-offered bales made up 14.8% of the final offering. 29,108 bales were cleared to the trade.

In a fluctuating week, the US exchange rate (source RBA) was 0.76¢ higher on Monday when compared with Thursday of last week. It was then down by 2.08¢ on Tuesday, up by 1.52¢ on Wednesday and by 0.36¢ on Thursday to close at 79.94¢, up 0.56¢ (+0.7%) since the last sale. The exchange rate against the Euro rose by 0.31 Euro cents (+0.5%) to close at 57.26 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 6¢ (+1.0%) in US terms and by 4¢ (+0.9%) in Euro terms when compared with the previous sale.

It was a steady week, with the market moving up on Wednesday and generally retaining those gains on Thursday despite the upward movement in the US exchange rate. The AWEX EMI finished up on last week in all three currencies.

Changes in the Average AWEX Micron Price Guides (MPGs) for Merino wools varied from -0.7% (24.0 microns) to +2.1% (19.5 microns) with the greatest gains from 19.0 to 20.0 microns. Average MPGs were up by 7¢ clean for 16.5 microns, down by 5¢ for 17.0 microns, up by 5¢ for 17.5 microns, by 7¢ for 18.0 microns, by 9¢ for 18.5 microns, by 13¢ for 19.0 microns and by 18¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 9¢ clean, 21.0 microns was down by 2¢, 22.0 microns by 1¢, 23.0 microns by 2¢, and 24.0 microns by 5¢.

Skirting types were in good demand again, with wools containing lower Vegetable Matter levels, or were of better style or had good length being the most keenly sought types. Crossbreds moved up at the fine end and in the medium micron ranges, but were down slightly at the coarse end. Oddments were up in the North and South on Wednesday, but eased in the West. Thursday saw good demand for these wools, with the average AWEX Merino Cardings MPG unchanged for the week.

Buyers for China dominated sales this week followed by support from India. There was some increased activity from Europe this week.

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Ritu Kumar
Label Ritu Kumar

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search