Home / Knowledge / News / Textiles / Price levels soften at Australian wool auctions this week
Price levels soften at Australian wool auctions this week
02
Jun '17
The softening of price levels at Australian wool auction markets continued into the week ending June 2. The northern hemisphere, particularly China, have hit the traditionally slow retail demand period of early summer, and it appears that the finest merino types have taken the brunt of that slow down. Merino Wool's 19.5 micron and finer were most affected.

The AWEX eastern market indicator (EMI) decreased by around 1.5 per cent for the week or 23ac/clean kg lower to close at 1472ac/ clean kg. This is a level 176ac/ clean kg or 13.6 per cent higher than at the same period last season. With the weaker AUD v USD exchange, the movement was greater when the EMI is measured in USD to be almost 3 per cent cheaper, or 33usc/clean kg lower for the week at 1088usc/clean kg.

“Although the tone was generally weak throughout, it was a market of stark contrasts in sale results. All of the lower quality or heavier vegetable matter (VM) merino types finer than 19.5 micron faltered badly. In many instances these wools were well over 100ac/clean kg cheaper for the week,” the Australian Wool Innovation said in its ‘Wool Market’ report for the 48th sale week of the current season.

The finest microns were the most adversely affected, with all the price gaps appearing to contract towards the relative stability and more readily traded 21 micron type, the report said.

Conversely though, buyers sights were firmly aimed at the better superfine (finer than 18.6 micron) types and all lots broader than 20 micron. Both these sectors were well supported and fully firm to slightly dearer for wools broader than 20 micron. The very small selection of 21.5 to 23 micron wools were highly sought and concluded the week at levels 15 to 20ac dearer than the previous close.

Fine Crossbreds were dearer and the mid to broader range cheaper, albeit in a very small offering. In particularly good demand were the better wools of 23 to 27 micron, which in some individual cases were as much as 40ac clean kg dearer. Unusually high discrepancies of 30ac exist between the Sydney and Melbourne markets for mid range crossbreds 27.5 to 30 micron, perhaps indicative of the segment being at a period of unknown and slow demand.

There will be an extremely limited offering of just 25,000 bales at next week auctions. Better buying interest is expected over the next few weeks as manufacturing needs to increase productivity from August/September to cater for the key retail period of late Autumn/ Winter. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Top executives
Textile industry, India

The event should be organised every year

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Eric Scholler
Groz-Beckert

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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