Interviews
AWEX wool indicator stays steady last week
30 Apr '12
4 min read
China announced that the Yuan will be fixed at 6.28 Yuan. This was described as a record low level.
The week-on-week changes in the Merino average Micron Price Guide (MPGs) were relatively small in either direction this week.
There is no data for the comparison with the same week last year as it was the week of the Easter break in 2011.
The skirtings offering continues to be quite mixed, with a significant number of lower types such discoloured, cotty or with high VM wool again on offer. Better types were in good demand, but the poorer types were all discounted. Skirting types again had a higher pass-in rate (18.3%) than fleece types (9.7%)
Crossbreds continued their good run; and again had a better week than Merino types. Oddments had a mixed week, but generally moved downwards.
Buyers for China were dominant this week, followed by strong support buyers for Europe, India and Taiwan.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 45,132 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 45 and 46) are 40,260 and 42,300 bales, respectively; an increase of 2.9% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 0.1% since last week against a 0.7% appreciation of the Rand against the US Dollar and a 0.1% depreciation against the Euro. 6,796 bales were on offer.
The week-on-week changes in the Merino average Micron Price Guide (MPGs) were relatively small in either direction this week.
There is no data for the comparison with the same week last year as it was the week of the Easter break in 2011.
The skirtings offering continues to be quite mixed, with a significant number of lower types such discoloured, cotty or with high VM wool again on offer. Better types were in good demand, but the poorer types were all discounted. Skirting types again had a higher pass-in rate (18.3%) than fleece types (9.7%)
Crossbreds continued their good run; and again had a better week than Merino types. Oddments had a mixed week, but generally moved downwards.
Buyers for China were dominant this week, followed by strong support buyers for Europe, India and Taiwan.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 45,132 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 45 and 46) are 40,260 and 42,300 bales, respectively; an increase of 2.9% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 0.1% since last week against a 0.7% appreciation of the Rand against the US Dollar and a 0.1% depreciation against the Euro. 6,796 bales were on offer.
Australian Wool Industries Secretariat Inc (AWIS)
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