;
Home / Knowledge / News / Textiles / AWEX EMI rise by 6¢
AWEX EMI rise by 6¢
20
May '08
In a better week, the Australian wool market finished 0.3% higher, on average, at sales in Sydney, Melbourne and Fremantle this week.

The AWEX EMI rose by 6¢ (+0.7%), ending the week at 890¢/kg. This reflected a decrease of 2¢ (-0.2%) in the North and an increase of 12¢ (+1.4%) in the South, with their corresponding Regional Indicators finishing the week at 925¢ and 861¢ clean, respectively. The Western Indicator fell by 3¢ (-0.3%), finishing the week at 865¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 4¢ on Wednesday, when the US exchange rate was well over 94¢, and by 2¢ on Thursday. The Western Indicator fell by 4¢ on Wednesday and rose by 1¢ on Thursday in a two day sale in Fremantle.

46,694 bales were on offer, compared with 48,646 bales last week, of which 14.4% were passed in, comprised of 11.0% in Sydney, 13.1% in Melbourne and 21.8% in Fremantle, all of which are lower than the corresponding pass-in rates of recent weeks.

Pass-in rates for Merino fleece and skirtings were 16.2% and 13.7%, respectively. 3,816 bales (7.6%) were withdrawn prior to sale and re-offered bales made up 18.1% of this week's offering.

The re-offer rate was almost 20% of the offering for the second week in a row.

The US exchange rate (source RBA) was 0.27¢ lower on Monday when compared with Thursday of last week. It was up by 0.92¢ on Tuesday, down by 0.84¢ on Wednesday and by 0.45¢ on Thursday to close at 93.36¢, down 0.64¢ (-0.7%) since the last sale.


Must ReadView All

Courtesy: Lululemon

Apparel/Garments | On 16th Dec 2018

Lululemon’s net revenue up 21% in Q3 2018

Lululemon Athletica Inc, a healthy lifestyle inspired athletic...

Courtesy: Walmart

Apparel/Garments | On 16th Dec 2018

Rakuten, Walmart start Walmart ecommerce store in Japan

Rakuten and Walmart have joined hands to start the first Walmart...

Courtesy: H&M

Apparel/Garments | On 16th Dec 2018

H&M Group's wage summit discusses fair wages

The textile and fashion industries were brought together by H&M Group ...

Interviews View All

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Abhimanyu Singh Rathore & Barbara Anna Kosiorek, Kannbar

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


December 2018

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

news category


Related Categories:

Advanced Search