Home / Knowledge / News / Textiles / Re-offered wools made up

Re-offered wools made up

12
Jan '07
In a spectacular start to the second half of the season, the Australian Wool market finished 9.9% higher, on average, at sales in Sydney, Melbourne and Fremantle.

The AWEX EMI increased by 76¢ (+9.1%), ending the week at 915¢/kg clean. This reflected increases of 91¢ (+10.6%) in the North and 65¢ (+7.9%) in the South, with their corresponding Regional Indicators finishing the week at 949¢ and 888¢ clean respectively. The Western Indicator increased by 95¢ (+11.3%), finishing the week at 936¢/kg clean. The week-on-week increase in the EMI of 76¢ was greater than that seen in September 2002 (62¢), but less than the 80¢ recorded in the first January sale of 2002.

The Market Indicators are well above their levels of 13 weeks ago, with the EMI and the Northern, Southern and Western Indicators being up by 174¢, 183¢, 168¢ and 219¢, respectively. 19 to 23 average AWEX Micron Price Guides are now up by 215 to 255¢ over the period and by 176¢ for 24 micron wools. At the fine end, the changes are 90¢ for 17 micron wool, 94¢ for 18 micron wool and 138¢ for 18.5 micron wool.

47,145 bales were on offer (compared with 62,948 last week), of which 4.3% were passed in, comprised of 2.8% in Sydney, 4.3% in Melbourne and 5.4% in Fremantle. Pass in rates for Merino fleece and skirtings were 1.8% and 6.2% respectively. 2,330 bales (4.7%) were withdrawn prior to sale and re-offered wools made up 9.0% of this week's offering.

The US exchange rate was 0.64¢ lower on Monday when compared with the Thursday of the last sale before Christmas. It increased by 0.31¢ on Tuesday, fell by 0.32¢ on Wednesday and increased by 0.27¢ on Thursday to close at 78.25¢, down 0.38¢ (0.5%) since the last sale. The exchange rate against the Euro increased by 0.90 Euro cents (+1.5%) to close at 60.40 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI increased by 56¢ in US terms and by 54¢ in Euro terms when compared with the previous sale.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 5th Aug 2021

30-35% of Vietnam's textile-garment operations on hold due to COVID-19

Around 30-35 per cent of textile and garment factories in Vietnam...

Pic: Bolt Threads/Stella McCartney

Textiles | On 5th Aug 2021

Is faux leather good enough? Luxury fashion brands say yes

After fake fur, the luxury fashion industry has its eyes set on vegan ...

Pic: Shutterstock

Apparel/Garments | On 5th Aug 2021

Prime Content| Why China's share in global apparel exports will drop this year?

China's share in the global apparel exports market went down from...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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

Leave your Comments


July 2021

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


Advanced Search