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Insight7 Oct 2015The expansion of the Premium Wool Zone at this autumn’s Intertextile Shanghai Apparel Fabrics highlights the extent to which the show is attracting a growing number of exhibitors from the European high-end textile industry.
The Premium Wool Zone at this month’s Intertextile Shanghai Apparel Fabrics will feature more premium brands than previous editions, with 17 exhibitors from France, Hong Kong, Italy and the UK taking part.
A comprehensive weekly round-up and analysis of price developments at the major wool auctions around the world.
The South African wool market was slightly softer at last week’s sale, with the Cape Wools Merino Indicator gaining 0.1% compared to the previous sale to close the day at a value of R124.80 (clean). The Cape Wools All Wool Indicator gained 0.3%.
The more restricted wool type offering in the North Island sale of 6,165 bales saw a 97% clearance and a generally steady market. The weighted indicator for the main trading currencies firmed 1.66% compared to the last sale on September 24, only impacting on the finer end of the offering.
The Australian wool market suffered a dip early last week as concerns about the global economy increased following the news on Monday September 28 about the dramatic drop in share price at the mining giant Glencore. However, the market recovered strongly as the week went on.
Insight1 Oct 2015The international exhibitions director of global textile and clothing exhibition organiser Première Vision has told WTiN that he is anticipating a significant increase in visitors to the company’s Istanbul event next year because of anticipated growth in nearby markets for the Turkish textile industry.
The fifth British Wool sale of the 2015/16 season, held on September 22, offered 2,227,478 kgs. The sale followed the trend from BW4 with a very good level of interest and all buyers were more active. This resulted in an 80% clearance of the large offering.
Prices declined slightly at this week's South African wool market, with the Cape Wools Merino Indicator shedding 0.1% compared to the last sale to close the day at a value of R124.49 (Clean). The Cape Wools All Wool Indicator closed weaker at 0.1%.
The South Island sale this week saw a strong market with steady support. Of the 9,250 bales on offer 84.4% sold. The weighted indicator for the main trading currencies was down 0.72% compared to the last sale on September 17, helping hold up local price levels.
Exchange rate fluctuations have once again had a significant impact on the Australian wool market. Analysts observed that the impact of the US exchange rate on prices this week was the reverse of the previous week.
Insight22 Sept 2015Michael (Mickey) Solomon, chairman and CEO of New York-based HMS International Fabrics Corporation, which owns the British fabric company Huddersfield Fine Worsteds (HFW), speaks to WTiN about some of the key trends in menswear fabrics, the latest developments at HMS, and HFW’s innovative new fabric collections.
The wool market strengthened at this week’s sale with the Cape Wools Merino Indicator capitalising on its recent rand gains with an increase of 2.4% compared to the last sale to close the day at a value of R129.89 (clean). The Cape Wools All Wool Indicator gained 2.5%.
The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) climbed 2 cents this week to close on 1,260 cents per kilo clean on Thursday, September 10, following the previous week’s lift of 36 cents. In US dollar terms, the market fell this week by 1 cent to 882 cents per kilo, following a lift of 12 cents last week.
The South African wool market consolidated at this week’s sale with the Cape Wools Merino Indicator maintaining its recent rand gains with a slight decline of only 1% compared to the last sale to close the day at a value of R126.80 (Clean).
