Home / Knowledge / News / Textiles / Demand for Skirting types again good
Demand for Skirting types again good
Sep '10
The Australian wool market finished 0.1% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate rose by a further 2.4%.

40,660 bales were on offer, compared with 39,016 bales last week. 10.6% were passed in, comprised of 10.2% in Sydney, 10.5% in Melbourne and 11.5% in Fremantle. Pass-in rates for Merino fleece and skirtings were 11.6% and 10.8%, respectively.

1,598 bales (3.8%) from the expected offering of 42,258 bales were withdrawn prior to sale and re-offered bales made up 10.9% of the final offering. 36,347 bales were cleared to the trade.

The New Zealand Merino Company also offered 2,945 bales in Melbourne on Tuesday of which 4.5% were passed in.

The rise in exchange rates continued this week, as the US dollar weakened against all currencies. This appears to have been partly influenced by falling investor confidence and partly by the United States Federal Reserve's decision to leave official interest rates unchanged at 0.25%.

The market opened in a similar manner to last week, with strong demand, but with the gains in US currency masked by a 2.3% increase in the US exchange rate from last Thursday to this Wednesday. The strength continued on Thursday when another 4¢ rise in the EMI in US currency took the total gains for the week in US terms to 19¢. The only soft spot in the market was at the Ultrafine level, but this will be better tested in Newcastle next week.

Demand for Skirting types was again good, but prices generally eased in A$ terms because of the increase in the US exchange rate. Crossbred average AWEX MPGs were either unchanged or slightly down in A$, but up in US$. It was a better week for oddments, with the average AWEX Merino Cardings Price Guide up by 5¢ (0.9%).

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

Sales will be held in Newcastle, Melbourne and Fremantle next week, when 35,346 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 14 and 15) are 45,711 and 42,950 bales, respectively; a decrease of 6.5% over the three sale period when compared with last year. The New Zealand Merino Company is rostered to offer 2,800 bales in Week 14.

In South African sales, the Cape Wools Indicator was up by 1.5% since last week's sale, against a 0.8% appreciation of the Rand against the US Dollar and a 2.0% depreciation against the Euro. 7,576 bales were on offer.

Click here for more details

Australian Wool Industries Secretariat

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

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

Steve Cole
Xerium Technologies

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search