• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Lower wool prices recorded at AWEX EMI

15 Jul '05
2 min read

The Australian Wool Market finished this week with prices 2.2% lower, on average, at the sale in Melbourne. Sydney and Fremantle are in recess.

The AWEX EMI decreased by 8¢ (-1.1%), ending the week at 727¢/kg clean. In the absence of a Northern sale, this differs somewhat from the decrease of 16¢ (-2.2%) reported in the South, where the Regional Indicator finished the week at 710¢/kg clean.

21,006 bales were on offer (compared with 67,996 last week) of which 10.9% were passed in.

Pass-in rates for Merino fleece and skirtings were 13.1% and 4.6% respectively. 224 bales (1.1%) were withdrawn prior to sale and re-offered wools made up 12.6% of this week's offering.

The US exchange rate remained the same at 74.33¢ on Monday when compared with the previous Thursday. This was followed by an increase of 0.73¢ on Tuesday and 0.44¢ on Wednesday, to close at 75.50¢, up 1.17¢ (1.6%) for the week.

The exchange rate against the Euro decreased by 0.22 Euro cents ( 0.4%) to close at 61.85 Euro cents.

When looked at in other currencies, the AWEX EMI increased by 5¢ in US$ terms and decreased by 6¢ in Euro terms when compared with last week's sale.

However, the Southern indicator decreased in both US currency and the Euro.

The AWEX EMI dropped by 4¢ on Tuesday, by 4¢ on Wednesday, whereas the Southern Indicator fell by 9¢ on Tuesday and a further 7¢ yesterday.

After two good weeks, the market came under pressurewith an upward movement in the US exchange rate and a larger than originally anticipated offering.

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search