Home / Knowledge / News / Textiles / Wool market up; Crossbreds relatively unchanged
Wool market up; Crossbreds relatively unchanged
07
Dec '09
The Australian wool market finished 1.0% higher, on average, at sales in Sydney, Melbourne and Fremantle this week when the exchange rate against the US$ rose by 0.7%.

The AWEX Eastern Market Indicator (EMI) rose by 6¢ (+0.7%), ending the week at 873¢/kg. This reflected rises of 8¢ (+0.9%) in the North and 4¢ (+0.5%) in the South, with their corresponding Regional Indicators finishing the week at 901¢ and 849¢ clean, respectively. The Western Indicator rose by 13¢ (+1.5%), finishing the week at 881¢.

In a two day sale in Sydney and Melbourne, the AWEX EMI rose by 7¢ on Wednesday and fell by 1¢ on Thursday. The Western Indicator rose by 11¢ on Wednesday and by 2¢ on Thursday in a two day sale in Fremantle.

46,803 bales were on offer, compared with 45,527 bales last week, of which 7.9% were passed in, comprised of 5.2% in Sydney, 8.3% in Melbourne and 11.1% in Fremantle. Pass-in rates for Merino fleece and skirtings were 7.8% and 3.6%, respectively. 1,565 bales (3.2%) from the expected offering of 48,368 bales were withdrawn prior to sale and re-offered bales made up 10.0% of the final offering. 43,087 bales were cleared to the trade.

The US exchange rate (source RBA) was 0.46¢ lower on Monday when compared with Thursday of last week. It was then down by a further 0.42¢ on Tuesday, up by 1.34¢ on Wednesday (after the 0.25% rise in official interest rates the day before) and by 0.17¢ on Thursday to close at 92.87¢, up 0.63¢ (+0.7%) since the last sale. The exchange rate against the Euro rose by 0.51 Euro cents (+0.8%) to close at 61.56 Euro cents on Thursday night. When looked at in other currencies, the AWEX EMI moved up by 11¢ (+1.4%) in US terms and by 8¢ (+1.5%) in Euro terms when compared with the previous sale.

It was another good week with the EMI again up in all currencies and gains in all Merino prices other than at the ultra fine end. The Northern Market Indicator picked up 13¢ and the Western Indicator 11¢ on Wednesday based on keen demand for wools in the 19 to 23 micron range. However, some of those gains were lost on Thursday when there were some falls in the North. There was widespread competition in the sale rooms, with a greater presence from some buyers than seen earlier in the season. The market has quietly moved to its highest level for the season in US currency and is only 3¢ below the highest value in Australian currency and 2¢ below the highest value in Euros.

Changes in the average AWEX Micron Price Guides (MPGs) for Merino wools varied from -0.3% (16.5 microns) to +1.8% (22.0 microns). Average MPGs were down by 4¢ clean for 16.5 microns, by 1¢ for 17.0 microns, by 2¢ for 17.5 microns, up by 1¢ for 18.0 microns, was unchanged for 18.5 microns, up by 8¢ for 19.0 19.5 microns. The 20.0 micron wool average MPG was up by 4¢ clean, 21.0 microns by 10¢, 22.0 microns by 16¢, 23.0 microns by 10¢, and 24.0 microns by 4¢.

The strong demand for all Merino skirtings types continued this week, with price gains on both days and a low pass-in rate of 3.6%. Crossbreds were relatively unchanged or down slightly with the changes in their average MPGs varying from -1.4¢ at 32.0 microns to +1¢ at 28.0 microns. Oddments eased slightly on Wednesday, but recovered their losses on Thursday when the average AWEX Merino Cardings MPG finished unchanged for the week.


Must ReadView All

Courtesy: Mikes Photos from Pexels

Apparel/Garments | On 17th Oct 2018

Bangladesh garment exports swell 14.66% in Q1 FY19

Readymade garment exports from Bangladesh increased by 14.66 per cent ...

Courtesy: Sourcemap

Apparel/Garments | On 17th Oct 2018

Sourcemap launches 1st free digital map of apparel units

New York-based software company Sourcemap recently launched the Open...

US apparel industry is already highly tariffed: AAFA

Apparel/Garments | On 17th Oct 2018

US apparel industry is already highly tariffed: AAFA

The American apparel and footwear industry is highly tariffed, as per ...

Interviews View All

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


October 2018

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

news category


Related Categories:

Advanced Search