The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week’s closing USD EMI is at the highest point since early March 2020.
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week's closing USD EMI is at the highest point since early March 2020.#
"The positivity at the close of selling last week transferred immediately to the opening of the Australian wool auctions this week. Price levels improved consistently throughout the week’s selling and by the close, general gains of over 50ac had been recorded on merino combing wools and over 20ac on carding and crossbred sliver wools," the Australian Wool Innovation (AWI) said in its commentary for the sale week 24 of the current Australian wool marketing season.
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week's closing USD EMI is at the highest point since early March 2020.#
In the merino fleece and skirtings sector, the 18 to 22 micron types all improved by 50 to 75ac for the week, with equivalent gains occurring each day. The superfine types finer than 18 micron were the most volatile sector, with gains of 150ac or more by week’s end. Cardings and crossbreds gained 25ac, the AWI commentary said.
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week's closing USD EMI is at the highest point since early March 2020.#
"All buyers showed interest with purchasing by top makers and traders evenly spread. Indent buyers were less involved, volume-wise, but remained active despite being often outbid. As indents usually are volume-based, this lack of normal buying percentage is perhaps indicative of some semblance of price sensitivity having been reached at least temporarily. In the meantime, traders may have satisfied factories needs with price surety rather than indenting the next day," AWI said.
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week's closing USD EMI is at the highest point since early March 2020.#
Heading into the final sale of the first half of the season, auction sales in Australia have seen an increase, albeit small, in the volume of wool sold to the trade. At the end of week 24 last year 570,935 bales had been sold, which was 4,542 bales less than the current season. On top of this, the most recent Australian Wool Testing Authority (AWTA) key test data shows a decrease in wool tested of 10.3 per cent since the season start when compared to the same period last year.
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week's closing USD EMI is at the highest point since early March 2020.#
Almost 50,0000 bales are rostered for sale next week, the last before the three-week Christmas recess.
The Eastern Market Indicator (EMI) appreciated by 4.7 per cent this week to close at 1198ac clean/kg, a 54ac gain. In USD the gains were more impressive as the stronger AUD v USD forex rate (+0.9%) contributed to a higher percentage gain of 5.7 per cent or 48usc to 892usc clean/kg. This week's closing USD EMI is at the highest point since early March 2020.#
Fibre2Fashion News Desk (RKS)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
