Home / Knowledge / News / Textiles / Oddments in very keen demand
Oddments in very keen demand
07
Jun '10
The Australian wool market finished 0.8% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by 2.1%.

34,299 bales were on offer, compared with 40,009 bales last week. 8.0% were passed in, comprised of 2.4% in Sydney, 8.6% in Melbourne and 13.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 9.3% and 4.7%, respectively.

995 bales (2.8%) from the expected offering of 35,294 bales were withdrawn prior to sale and re-offered bales made up 17.2% of the final offering. 31,545 bales were cleared to the trade.

The financial markets have had a mixed week, with a lift in exchanges rates on Thursday after a week of losing ground.

It was another good market this week with strong demand, prices rising in both Australian and US currencies and the market again finishing on a strong note. The 2.3% increase in the US exchange rate on Thursday masked the 17¢ increase in the EMI in US currency on the day. Rises were seen across all wool types and all micron ranges other than the 23 (which were in more plentiful supply on Thursday), 24 and 25 Micron Price Guides. There was good support for the better wools and those with good Staple Strength values. Globally it was a small sale week with no South African sale, and with the smallest sale of the season to follow next week in Australia.

Skirting types continued to be in strong demand, particularly the finer and better types. It was generally another good week for crossbreds, particularly at the coarse end, where there were increases of around 2% in the average AWEX MPGs. Oddments were in very keen demand and picked up further on last week, when the cardings market showed some recovery after falling for the previous two months. The average AWEX Merino Cardings Price Guide was up by 25¢ (+4.1%).

Buyers for China were again dominant followed by buyers for India, Europe and Taiwan.

Sales will be held in Sydney and Melbourne next week, when 27,930 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 51 and 52) are 36,835 and 30,400 bales, respectively; an increase of 16.4% over the three sale period when compared with last year. As mentioned last week, the large year-on-year difference in the three week's offering is due to a very small offering of 17,206 bales in Week 51 last year.

Sales are in recess in South Africa, with one more sale for the season later this month.

Click here for more details.

Australian Wool Industries Secretariat


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

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

Hardik Sanghvi

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Urs Stalder
Sanitized AG

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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