Home / Knowledge / News / Textiles / Wool market finishes 1.9% higher
Wool market finishes 1.9% higher
Jun '10
The Australian wool market finished 1.9% higher, on average, at sales in Sydney and Melbourne this week when the US exchange rate fell by 1.3%.

26,680 bales were on offer, compared with 34,299 bales last week (when all three regions sold). 4.2% were passed in, comprised of 3.6% in Sydney and 4.5% in Melbourne. Pass-in rates for Merino fleece and skirtings were 4.3% and 3.2%, respectively.

669 bales (2.4%) from the expected offering of 27,349 bales were withdrawn prior to sale and re-offered bales made up 14.7% of the final offering. 25,567 bales were cleared to the trade.

The financial and share markets had another mixed week with further concerns about the European financial problems appearing to have the greatest influence.

It was another good market with strong demand and prices rising in Australian currency, but down by 3¢ in US. The market opened strongly on Wednesday, with the closing EMI up by 13¢, when the US exchange rate was 3.2% lower than on Thursday last week. The EMI rose by 3¢ against a 1.9% appreciation in the US exchange rate in an encouraging sign on Thursday. Prices were up for all types and micron ranges with the 19.5 micron and broader wools doing best. 23 and 24 micron wools recovered well from downturns in their average AWEX MPGs last week.

Skirting types continued to be in strong demand across all types, with rises on both days. It was a very good week for all crossbred types with rises in their average AWEX MPGs of +1.6% (26 microns), +3.9% (28 microns), +2.8% (30 microns) and +5.5% (32 microns). Oddments were again in very strong demand and once again the average AWEX Merino Cardings Price Guide had the largest week-on-week change (+5.6%).

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

Sales will be held in Sydney, Melbourne and Fremantle next week, when 32,285 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 52 and 53) are 32,620 and 32,800 bales, respectively. The offerings are up by 28.7% for Weeks 51 and 52. There was no Week 53 last year. The large two week year-on-year change is due to a very small offering of 17,200 bales in Week 51 last year.

In the last South African sale for this season, the Cape Wools Indicator was up by 1.5% since the sale two weeks ago, against a 1.2% appreciation of the Rand against the US Dollar and a 3.9% appreciation against the Euro. 12,520 bales were on offer.

Click here to view the table

Australian Wool Industries Secretariat

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts

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

Bani Batra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search