Home / Knowledge / News / Textiles / AWEX Regional Indicators up
AWEX Regional Indicators up
Dec '10
The AWEX Regional Indicators finished 2.4% higher, on average, at sales in Sydney, Melbourne and Fremantle this week to provide a positive close to the market going into the three week Christmas break. The US exchange rate was 0.1% lower than the previous Thursday.

46,994 bales were on offer, compared with 53,131 bales last week. 8.3% were passed in, comprised of 7.7% in Sydney, 7.2% in Melbourne and 12.7% in Fremantle. Pass-in rates for Merino fleece and skirtings were 7.0% and 7.7%, respectively.

1,789 bales (3.7%) from the expected offering of 48,783 bales were withdrawn prior to sale and re-offered bales made up 8.9% of the final offering.

The US exchange rate was virtually unchanged on a week-to-week basis, but fluctuated widely during the week, as finance markets reacted to differing global financial news.

The market finished the first half of the season on a strong note, with the EMI up by 16¢ on Thursday and by 24¢ for the week. It was also up in other currencies. The EMI is 149¢ (34%) above its value at the start of the season and is 1¢ below its highest level for the season. The average EMI for the season at 931¢, is 94¢ above the average for the first five months of last year and is 59¢ above the average for all of last season.

In US terms, the EMI is at its second highest level for the season and is 244¢ (63%) above the opening value of the season.

Looking at the market over the first half of the season, the outstanding feature has been the gains at the fine end of the market where most average AWEX MPGs are up by 30 to 40%. This has been mainly driven by the lift in buying activity from Italy (and other parts of Europe). Italy took 5.3% of Australia's wool exports in the first four months of the season compared with 2.8% in season 2009/10. Exports to the Czech Republic rose from 3.7% to 4.3% and exports to India (Australia's second largest export destination) rose from 7.8% to 9.7%.

Skirting types were in very strong demand on Wednesday and Thursday after a mixed start on Tuesday. Some increases in price matched those for fleece wool. Demand for crossbreds was subdued on Tuesday and Wednesday, before lifting on Thursday. However, the gains on Thursday were not enough to cancel out the earlier falls. Oddments experienced a mixed week with both gains and losses over the sale period. The average AWEX Merino Cardings Price Guide was down by 2%.

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

Sales are now in recess until the week commencing 10 January next year. Quantity estimates are not yet available for that sale.

Sales are in recess in South Africa until 12 January.

Click here for more details

Australian Wool Industries Secretariat

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

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

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

April 2017

April 2017

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


Browse Our Archives


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