Home / Knowledge / News / Textiles / Clearance rates of wool again good
Clearance rates of wool again good
04
Jul '08
The Australian wool market finished 0.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week in the first sale of the 2008/09 season.

The AWEX EMI was unchanged, ending the week at 874¢/kg. This reflected a rise of 2¢ (+0.2%) in the North and a decrease of 5¢ (-0.6%) in the South, with their corresponding Regional Indicators finishing the week at 912¢ and 840¢ clean, respectively. The Western Indicator fell by 9¢ (-1.1%), finishing the week at 845¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 2¢ on Wednesday and fell by 2¢ on Thursday. The Western Indicator rose by 1¢ on Wednesday and fell by 10¢ on Thursday in a two day sale in Fremantle.

Looking at the situation over the last twelve months, it was one of two halves, with rising prices in the first half followed by a falling market in the second half, before steadying over the last three sales. The EMI was 929¢ in Week 01, rising to 1,045¢ in Week 30 compared with 874¢ this week.

45,544 bales were on offer, compared with 40,292 bales at the last sale, of which 7.9% were passed in, comprised of 5.4% in Sydney, 8.6% in Melbourne and 9.6% in Fremantle. Pass-in rates for Merino fleece and skirtings were 7.9% and 5.8%, respectively. 1,431 bales (3.0%) were withdrawn prior to sale and re-offered bales made up 7.2% of this week's offering.

The US exchange rate (source RBA) was 0.59¢ higher on Monday when compared with Thursday of the last sale. It was then down by 0.73¢ on Tuesday, up by 0.46¢ on Wednesday and by 0.25¢ on Thursday to close at 96.24¢, up 0.57¢ (+0.6%) since the last sale.

The exchange rate against the Euro fell by 0.78 Euro cents (-1.3%) to close at 60.65 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 5¢ (+0.6%) in US terms and was down by 7¢ (-1.3%) in Euro terms when compared with the previous sale.

The market remained firm this week against a United States exchange rate which again broke the 96¢ barrier. Clearance rates were again good and competition continued to be strong for the better types of wool. Superfine average Micron Indicators (MPGs) all moved up, apart from 18.5 microns, whereas the medium and broad Merino MPGs all eased.

Average AWEX Micron Price Guides (MPGs) were up by 2¢ for 17.0 microns, by 5¢ for 17.5 microns, by 7¢ for 18.0 microns, down by 9¢ for 18.5 microns, up by 10¢ for 19.0 microns and by 5¢ for 19.5 microns. The 20.0 micron wool average MPG was down by 9¢ clean, 21.0 microns by 11¢, 22.0 microns by 9¢, 23.0 microns by 10¢, and 24.0 microns by 3¢.

Skirtings continued to be strong demand, finishing the week on a firm note. Oddments again eased slightly with a 6¢ fall in the average Merino Cardings MPG. Crossbreds were generally unchanged among the fine and medium types and up at the coarse end, where their average MPGs were up by around 3¢.

Buyers for China were dominant, with strong support from buyers for Europe and India.


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Justin Chan & Shyam Gollakota
University of Washington

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

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


August 2018

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

news category


Related Categories:

Advanced Search