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and skirtings were 6.0% and 2.3%, respectively. 1,582 bales (4.5%) from the expected offering of 34,790 bales were withdrawn prior to sale and re-offered bales made up 15.1% of the final offering. 31,511 bales were cleared to the trade.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

Pic: Shutterstock

Apparel/Garments | On 17th Aug 2019

EBA benefit withdrawal to hurt 4 mn Cambodians: GMAC

The Garment Manufacturers Association in Cambodia recently said the...

Pic: Infinited Fiber

Textiles | On 17th Aug 2019

Infinited Fiber receives lead investment from RGE

Singapore-based RGE Pte Ltd has joined a group of investors including ...

Pic: Macy's

Apparel/Garments | On 17th Aug 2019

Macy's net sales down to $5,546 mn in Q2 of 2019

Macy's Inc reported net sales of $5,546 million in Q2 of 2019 ending...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Textile industry, Head honchos

Textile industry
Head honchos

Quality should be the #1 priority

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

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 2019

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

news category


Related Categories:

Advanced Search