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 Pass in rates for Merino fleece and skirtings were 19.0% and 5.7% respectively. 3,413 bales (5.1%) were withdrawn prior to sale and re-offered wools made up 12.9% of this week's offering.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 27th Sep 2021

China's infrastructure plan to spur domestic demand, economic change

China’s State Council's executive meeting recently adopted the 14th...

Pic: Shutterstock

Apparel/Garments | On 27th Sep 2021

AAFA calls for tariff relief as US industry deals with shipping crisis

American Apparel & Footwear Association president and CEO Steve Lamar ...

Pic: Shutterstock

Textiles | On 27th Sep 2021

Bangladesh seeks duty-free market access to US

Bangladesh recently urged the US to provide duty-free access to its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

<b>Anjali Bhaskar</b> has an experience of 12 years in the fashion...

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...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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