Home / Knowledge / News / Textiles / Crossbred wool prices eased by 15 to 20¢ clean over week

Crossbred wool prices eased by 15 to 20¢ clean over week

23
Mar '07
In a week in which the US exchange rate appreciated by 2.5%, the Australian wool market finished 1.9% lower, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI fell by 19¢ (-2.0%), ending the week at 943¢/kg clean. This reflected decreases of 20¢ (2.0%) in the North and 17¢ (-1.8%) in the South, with their corresponding Regional Indicators finishing the week at 977¢ and 915¢ clean respectively. The Western Indicator decreased by 18¢ (-1.9%), finishing the week at 951¢/kg clean. The market has returned to where it was two weeks ago, with the equal second highest closing EMI of the season.

When compared with the start of the upward movement of the market in October, the EMI and the Northern, Southern, and Western Indicators are up by 202¢ (27.3%), 211¢ (27.5%), 195¢ (27.1%) and 234¢ (32.6%), respectively. 19 to 23 average AWEX Micron Price Guides are up by 228¢ to 256¢ over the period and by 166¢ for 24 micron wools. At the fine end, the changes are 103¢ for 17 micron wool, 146¢ for 17.5, 166¢ for 18 and 199¢ for 18.5 micron wool.

63,558 bales were on offer, compared with 50,815 last week and 9,000 more than forecast at the beginning of last week. 14.6% were passed in, comprised of 10.5% in Sydney, 12.9% in Melbourne and 20.4% in Fremantle. Pass in rates for Merino fleece and skirtings were 19.0% and 5.7% respectively. 3,413 bales (5.1%) were withdrawn prior to sale and re-offered wools made up 12.9% of this week's offering.


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


February 2020

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


Advanced Search