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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Despite negative sentiments, wool market shows resilience

Despite negative sentiments, wool market shows resilience

(Australia)

Wool auction markets in Eastern Australia continued this week to unexpected strong sale results. Under increasingly negative sentiment flowing from several Chinese suppliers, the market showed great resilience, albeit under a very small volume flowing through the system.

Fremantle did not sell this week so it was left to Melbourne and Sydney to deliver the market direction. The first day’s selling produced an unchanged result, with very little to get excited about. Only minor movements were recorded in both centres, with an alignment to similar price levels across the centres occurring.

The final days selling opened to much the same tone, but as the sale progressed, all type and micron categories showed a confident resurgence and by the close of selling had added a few cents to their previous quotes.

The skirting and carding markets continue to be at very attractive levels, with only the Merino fleece sector looking for a spike upwards, but for this to happen we need a fresh input to exporters’ forward books.

All portions of the Merino fleece and skirting’s added between 5 and 10acents to the quotes over the course of the week. The skirting market is particularly strong at present, and only small gaps in price compared to their fleece counterparts is evident.

In fact, when costed on a per kg of top produced, the skirtings in a lot of micron areas are showing similar to dearer top prices compared to full length fleece top.

The small offering of spinners and best top makers at the Superfine (finer than 18.5micron) end of the selection continue to extract reasonable premiums out of the market, with some Italian, Indian and Chinese competition forcing a 50 to 60acent price advantage over the micron indicator levels.

The light offering of 16 to 17 micron saw some keener interest this week. The upcoming designated superfine sale next week in Sydney, which is likely to feature significant quantities from the New England, is sure to test the strength of demand for our top end production.

Unfortunately only the best of the sub 16 micron types are attracting reasonable money, with the average top making types still struggling.

Crossbred and comeback types from 25 to 32 micron met with good demand and prices gained approximately 1% for the series. After initial signs of a weakening in appetite for this sector, buyers rallied late in the week, with some new sales for prompt shipment keeping the interest and levels alive.

Cardings again came under intense interest from the trade this week, and regained all of last weeks’ losses and an additional 15acents was posted by the close.

The upcoming series next week will offer approximately 40,000 bales across all auction centres. With the current season already showing a volume of a significant 7% less wool offered, there may be a back log or wool being held by growers occurring, as current forecasts are indicating a similarto slightly (1 to 2%) lower wool production level.


Australian Wool Innovation Limited

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Middle East Textile Journal

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