Home / Knowledge / News / Textiles / Australian wool markets see adjustments this week
Australian wool markets see adjustments this week
Mar '17
Courtesy: AWI
Courtesy: AWI
Australian wool markets were dominated by large price adjustments this week in the merino sector. All adjustments, however, were to the negative side, flowing on from the weaker conclusion to the previous week’s selling. The AWEX Eastern Market Indicator (EMI) fell away 44ac clean/kg from its highest ever recorded level to 1502ac clean/kg.

During the week ending March 31, price levels were highly variable from the outset on all merino wools, with large discrepancies apparent on relatively minor difference in tested specifications. By the close of selling, all merino types were being quoted at a general 60ac clean/kg lower, whilst the carding and crossbred sectors were far less affected and remained unchanged to 20ac cheaper, Australian Wool Innovation said in its weekly Wool Market report.

Demand for prompt and short term shipment appears to have been met for the interim, as after weeks of highly escalating market levels the merino wool values seemed to hit a price point that just could not convince manufacturers to book forward contracts at these rates. Subsequently prices could not be sustained, as local auction buyers quickly interpreted the radical change in sentiment and reverted to safety mode by just cherry picking the selection at ever decreasing buy in levels.

Aiding in the particularly awkward and rapid change in direction were that local auctions have recently been loaded up weekly, at short notice, of volumes between 10 and 20 per cent more. This push of quantity onto the market was not over the top by any means but is indicative of the fragile nature of the demand-price relationship, relative to the immediate wool availability. This extra volume assisted in easing purchase pressure on sale room operators and in a shorter time frame than originally forecast.

Price levels in the merino segment were being quoted on average as 60 to 80ac clean/kg cheaper. In the better types suitable for European and Indian delivery of 19 micron and finer, prices were actually almost fully maintained for the week, albeit in the minor quantity available. The major Italian operator was unbeatable once again, particularly in the 17.5 to 19 micron area.

Away from those better wools, price nuances were radical as well with FNF types with less than 1% vegetable matter (vm) of all microns holding on comparatively well at just 25 to 30ac lower whilst the lower specified and higher vm (more than 1%) wools were hardest hit and well over 100ac clean kg cheaper for the week.

All carding types remained well sought after and prices avoided the downturn experienced in the longer wools. The comeback and crossbred wool (25 to 30 micron) were also sold to a much better tone and prices were just 5 to 15ac clean kg lower.

Next week, all 3 centres—Melbourne, Sydney and Fremantle—will be in operation with Melbourne offering 55 per cent of total 49,000 bales to be made available. (RKS)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Headhonchos, Indian fashion industry

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Davide Vigano, Sensoria

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


Leave your Comments

November 2019

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

news category

Related Categories:

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search