Home / Knowledge / News / Textiles / Merino skirtings in very keen demand
Merino skirtings in very keen demand
22
Aug '09
The Australian wool market finished a further 2.6% higher, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI rose by 20¢ (+2.5%), ending the week at 823¢/kg. This reflected rises of 23¢ (+2.8%) in the North and 17¢ (+2.2%) in the South, with their corresponding Regional Indicators finishing the week at 845¢ and 806¢ clean, respectively. The Western Indicator rose by 23¢ (+2.9%), finishing the week at 805¢. It is the first time that all Regional Indications have exceeded 800¢ since mid-October last year.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 18¢ on Wednesday and by 2¢ on Thursday. The Western Indicator rose by 23¢ on Wednesday in a one day sale in Fremantle.

33,208 bales were on offer, compared with 35,921 bales last week, of which 5.1% were passed in, comprised of 3.7% in Sydney, 5.8% in Melbourne and 6.1% in Fremantle. Pass-in rates for Merino fleece and skirtings were 6.0% and 2.3%, respectively. 1,582 bales (4.5%) from the expected offering of 34,790 bales were withdrawn prior to sale and re-offered bales made up 15.1% of the final offering. 31,511 bales were cleared to the trade.

The US exchange rate (source RBA) was 1.53¢ lower on Monday when compared with Thursday of last week. It was then up by 0.29¢ on Tuesday, by 0.04¢ on Wednesday and by 0.63¢ on Thursday to close at 83.09¢, down 0.57¢ (-0.7%) since the last sale. The exchange rate against the Euro fell by 0.43 Euro cents (-0.7%) to close at 58.37 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 12¢ (+1.8%) in US terms and by 8¢ (+1.7%) in Euro terms when compared with the previous sale.

It was another good week, with the market up across all micron ranges (apart from 30 micron wools) and all types and in all currencies. Clearance rates were very good, particularly in the North on Wednesday when the pass-in rate was only 1.5%. Once again concerns about supply appear to be having a major effect on the market.

Changes in the Average AWEX Micron Price Guides (MPGs) for Merino wools varied from +1.0% (21.0 microns) to +3.0% (19.5 microns) with the upward movements slightly greater among the fine wools. Average MPGs were up by 24¢ for 17.0 microns, by 26¢ for 17.5 microns, by 27¢ for 18.0 microns, by 20¢ for 18.5 microns, by 23¢ for 19.0 microns and by 28¢ for 19.5 microns. The 20.0 micron wool average MPG was up by 20¢ clean, 21.0 microns by 8¢, 22.0 microns by 12¢, 23.0 microns by 13¢, and 24.0 microns by 16¢.

19.5 and 20.0 average MPGs are up by 6.3% and 7.1% respectively since Sale 01, while others in the 19.0 to 24.0 range are up by 4.4% to 5.6%, Average MPGs for wools finer than 19.0 microns are up by around 3% apart from the 17.0 average MPG which is down slightly.
Merino skirtings were in very keen demand, with the pass-in rate down to 2.2%. The average MPG for 26.0 micron wools was up by 16¢ (+2.5%), whereas the average MPGs for 28.0 and 32.0 micron wools were up by 2¢ and 1¢ and the 30.0 micron MPG was down by 1¢. Oddments made good gains with the average Merino Cardings MPG up by 17¢ (+3.2%).


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

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...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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 2018

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

news category


Related Categories:

Advanced Search