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995 bales (2.8%) from the expected offering of 35,294 bales were withdrawn prior to sale and re-offered bales made up 17.2% of the final offering. 31,545 bales were cleared to the trade.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

Apparel/Garments | On 23rd Mar 2017

European & Asian apparel brands open EBO's in South Korea

Following the success of Japanese brand Uniqlo in the South Korean...

Apparel/Garments | On 23rd Mar 2017

Destination XL reports turnaround in Q4FY17 net income

For the three months ended January 28, 2017, omni channel retailer of ...

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kerem Durdag
Biovation II LLC

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

Eric Scholler
Groz-Beckert

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

Marcel Alberts
Eurofibers

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

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
March 2017

March 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