Home / Knowledge / News / Textiles / Merino skirtings fares better than fleece types this week
Merino skirtings fares better than fleece types this week
27
Aug '09
The Australian wool market finished 1.3% lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 11¢ (-1.3%), ending the week at 812¢/kg. This reflected falls of 11¢ (-1.3%) in the North and 14¢ ( 1.7%) in the South, with their corresponding Regional Indicators finishing the week at 834¢ and 792¢ clean, respectively. The Western Indicator fell by 8¢ (-1.0%), finishing the week at 797¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI fell by 6¢ on Tuesday and by 5¢ on Wednesday. The Western Indicator fell by 8¢ on Wednesday in a one day sale in Fremantle.

38,750 bales were on offer, compared with 33,208 bales last week, of which 13.3% were passed in, comprised of 7.7% in Sydney, 13.6% in Melbourne and 23.6% in Fremantle. Pass-in rates for Merino fleece and skirtings were 16.8% and 5.3%, respectively. 1,261 bales (3.2%) from the expected offering of 40,011 bales were withdrawn prior to sale and re-offered bales made up 12.9% of the final offering. 33,582 bales were cleared to the trade.

The New Zealand Merino Company also offered 1,477 bales in Melbourne on Wednesday of which 25.3% were passed in. 30 bales (2.0%) were withdrawn prior to sale and 3.9% of the bales were re-offers.

The US exchange rate (source RBA) was 0.83¢ higher on Monday when compared with Thursday of last week. It was then down by 0.41¢ on Tuesday and up by 0.18¢ on Wednesday to close at 83.69¢, up 0.60¢ (+0.7%) since the last sale. The exchange rate against the Euro rose by 0.09 Euro cents (+0.2%) to close at 58.46 Euro cents on Wednesday night. When looked at in other currencies, the AWEX EMI moved down by 4¢ (-0.6%) in US terms and by 5¢ (-1.0%) in Euro terms when compared with the previous sale.

This week saw a slight correction in the market in Australian, US and Euro currencies after the EMI had gained 49¢ (Australian) and 31¢ (US) over the previous two weeks. Although the market was down, strong competition saw it finish on a strong note, with prices generally moving up after earlier falls. Growers were reluctant to sell their fleece wool on this market resulting in 16.8% pass-in rate.

Changes in the Average AWEX Micron Price Guides (MPGs) for Merino wools varied from -2.5% (19.0 and 20.0 microns) to +0.1% (16.5 microns) with the downward movements least among the wools from 18.5 microns down. Average MPGs were up by 2¢ clean for 16.5 microns, down by 1¢ for 17.0 microns, by 8¢ for 17.5 microns, by 10¢ for 18.0 microns, by 11¢ for 18.5 microns, by 24¢ for 19.0 microns and by 21¢ for 19.5 microns. The 20.0 micron wool average MPG was down by 21¢ clean, 21.0 microns by 13¢, 22.0 microns by 19¢, 23.0 microns by 12¢, and 24.0 microns by 15¢.

Merino skirtings fared better than fleece types, particularly in the South where AWEX quoted the market up to 10 to 15¢ greasy there on Thursday. The overall pass-in rate for skirtings was 5.3% compared with 16.8% for fleece types. Crossbreds also eased, with the average MPGs for fine and coarse types being slightly more affected than medium and broad Merinos. Medium crossbred types were more heavily affected with their average AWEX MPGs down by around 4%. Oddments were in strong demand on both days, with the average AWEX Merino Cardings MPG up by 9¢ (+1.7%). Buyers for China were dominant followed by those buying for India.

Sales will be held in Newcastle (first sale of the season), Melbourne and Fremantle next week, when 44,604 bales are currently rostered for sale. Present estimates for the following two sales are 40,810 and 41,100 bales, respectively; a decrease of 3.2% over the three sale period when compared with last year.

The New Zealand Merino Company is rostered to offer 1,830 bales in Week 11. Sales are in recess in South Africa.

Australian Wool Industries Secretariat Inc.


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Top executives
Textile industry, India

The event should be organised every year

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

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

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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