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Australian wool EMI rises moderately this week

The Australian Wool Exchange (AWEX) Eastern Market Index (EMI) increased 0.15% to 1,339ac clean / kg during the 14th week of the current wool sales season. EMI grew as the Australian dollar recovered against most currencies, growing at US $ 0.72 and EMI up 1.2% to 975 usc cln / kg on a US dollar basis.

The Australian Wool Exchange (AWEX) Eastern Market Index (EMI) increased 0.15% to 1,339ac clean / kg during the 14th week of the current wool sales season. EMI grew as the Australian dollar recovered against most currencies, growing at US $ 0.72 and EMI up 1.2% to 975 usc cln / kg on a US dollar basis.

“This week’s Australian wool auction was a fairly mediocre week with few price fluctuations recorded. Australia’s Wool Innovation (AWI) Limited commented on the week through October 8th, the top Chinese manufacturer. And local exporters were all active, but seemed to be acting under tight price sensitivity. Offer prices and subsequent clearance rates were 88.6%, up from 77.3% on last week’s offer. . “

The Australian Wool Exchange (AWEX) Eastern Market Index (EMI) increased 0.15% to 1,339ac clean / kg during the 14th week of the current wool sales season. EMI grew as the Australian dollar recovered against most currencies, growing at US $ 0.72 and EMI up 1.2% to 975 usc cln / kg on a US dollar basis.

In addition, the merino fleece type, finer than 18.5 microns, was most sought after this week and has been improved from 30 to 40ac for sale. Suitable spinners and top top manufacturers for European processors held value, but traded at a premium of about 7-10% over comparable micron price guides.

The Australian Wool Exchange (AWEX) Eastern Market Index (EMI) increased 0.15% to 1,339ac clean / kg during the 14th week of the current wool sales season. EMI grew as the Australian dollar recovered against most currencies, growing at US $ 0.72 and EMI up 1.2% to 975 usc cln / kg on a US dollar basis.

“China’s leading manufacturers have surpassed the Merino fleece buyer list with good support from local trader exporters. European and Indian interest has also been visible. Italy continues to produce better wool. It controls, “AWI added.

The Australian Wool Exchange (AWEX) Eastern Market Index (EMI) increased 0.15% to 1,339ac clean / kg during the 14th week of the current wool sales season. EMI grew as the Australian dollar recovered against most currencies, growing at US $ 0.72 and EMI up 1.2% to 975 usc cln / kg on a US dollar basis.

In addition, next week, AWI predicts that the volume will increase to 42,7555 veils.

Fiber2Fashion News Desk (JL)



Australian wool EMI rises moderately this week

Source link Australian wool EMI rises moderately this week

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