Home / Knowledge / News / Textiles / Wool market finishes 0.9% higher
Wool market finishes 0.9% higher
31
Jan '11
The market was much steadier this week, when the AWEX Regional Indicators finished 0.9% higher, on average, at sales in Sydney, Melbourne and Fremantle and the US exchange rate was unchanged.

There was no sale on Wednesday due to the Australia Day holiday.

It was more "subdued" market this week without the spectacular rises of the earlier January sales. But, the market remains very strong, recovering part of last Thursday's fall; and continues at the highest levels since the "boom" of the late 1980's.

The changes were more evenly spread over the different micron ranges this week, whereas the fine wools had the biggest gains earlier in the month.

Reflecting over January, the EMI rose by 15.9% (17.1% in US currency) and the average AWEX MPGs for 16.5 to 19.0 microns rose by from 18.5% (19 microns) to 22.7% (17.0 microns). The increases in average MPGs for other Merino wools were 16.3% at 19.5 microns, around 11.5% for 20 to 23 microns and 15.6% for 24.0 microns.

Merino skirting types continued to be in good demand. Similarly, crossbreds were well sought after and experienced similar percentage changes in their average AWEX MPGs to those seen for Merino wools. Their average MPGs rose by 10% at the coarse end during January, increasing to 20% at the fine end. Oddments were a little mixed, with the average Merino Cardings Price Guide down by 0.7%. The average Merino Cardings Price Guide was up by 12.3% during January.

Buyers for China were again dominant, with continued good support from buyers for Europe, India and Taiwan.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 45,557 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 32 and 33) are 47,990 and 45,200 bales, respectively; a decrease of 5.4% over the three sale period when compared with last year. It is not yet clear what effect the floods in Eastern Australia will have on shearing and transport delays, and on offerings over the next few weeks.

In South African sales, the Cape Wools Indicator was up by 2.1% since last week against a 2.4% depreciation of the Rand against the US Dollar and 4.2% depreciation against the Euro. 8,690 bales were on offer.

Click here to view the tables

Australian Wool Industries Secretariat

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Amrit Sethia
SOIE

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search