Home / Knowledge / News / Textiles / AWIS wool market review - Feb 9, 2007

AWIS wool market review - Feb 9, 2007

10
Feb '07
The Australian Wool market remained unchanged, on average, at sales in Sydney, Launceston and Fremantle this week.

The AWEX EMI decreased by 1¢ (-0.1%), ending the week at 930¢/kg clean. This reflected a decrease of 5¢ (-0.5%) in the North and an increase 3¢ (+0.3%) in the South, with their corresponding Regional Indicators finishing the week at 961¢ and 904¢ clean respectively. The Western Indicator rose by 3¢ (+0.3%), finishing the week at 946¢/kg clean.

When compared with the start of the upward movement in the market in October, the EMI and the Northern, Southern Indicators and Western Indicators are up by 189¢ (25.5%), 195¢ (25.5%), 184¢ (25.6%) and 229¢ (31.9%), respectively. 19 to 23 average AWEX Micron Price Guides are up by 222 to 261¢ over the period and by 187¢ for 24 micron wools. At the fine end, the changes are 109¢ for 17 micron wool, 132¢ for 17.5, 152¢ for 18 and 183¢ for 18.5 micron wool.

59,391 bales were on offer (compared with 81,448 last week), of which 11.1% were passed in, comprised of 5.1% in Sydney, 13.1% in Launceston and 15.2% in Fremantle. Pass in rates for Merino fleece and skirtings were 13.1% and 4.6% respectively. The pass-in rate rose during the week, but more so in Launceston, where growers were disappointed with prices for the big fine wool offering. 1,383 bales (2.3%) were withdrawn prior to sale and re-offered wools made up 11.5% of this week's offering.

The US exchange rate was 0.18¢ lower on Monday when compared with the Thursday of last week. It increased by 0.16¢ on Tuesday, by 0.21¢ on Wednesday and by 0.45¢ on Thursday to close at 78.15¢, up 0.64¢ (+0.8%) since the last sale. The exchange rate against the Euro increased by 0.54 Euro cents (+0.9%) to close at 60.01 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI increased by 5¢ in US terms and by 4¢ in Euro terms when compared with the previous sale.


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Sep 2021

UK again delays post-Brexit import trade controls

The United Kingdom has again delayed the implementation of some...

Pic: Shutterstock

Retail | On 17th Sep 2021

American retailers oppose business tax rate increases

The National Retail Federation (NRF) has opposed the proposed...

Pic: Shutterstock

Apparel/Garments | On 17th Sep 2021

Bangladesh looking to boost man-made fibre apparel exports: TexPro

Bangladesh is looking to focus on the man-made fibre apparel market...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Rajat Kapoor,

Rajat Kapoor

Seraphine is a British maternity brand providing affordable luxury fashion ...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


September 2021

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


Advanced Search