Home / Knowledge / News / Textiles / Wool market up, skirting types in good demand again
Wool market up, skirting types in good demand again
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and skirtings were 14.3% and 10.1%, respectively. 1,621 bales (4.7%) from the expected offering of 34,829 bales were withdrawn prior to sale and re-offered bales made up 14.8% of the final offering. 29,108 bales were cleared to the trade.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: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Sonia Agarwal

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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