Wool market moved up with the strong demand from Chinese. The Eastern Market Indicator regained most of its previous week’s losses to close at 1128c/kg, up 17c/kg or 29c/kg more than the same time last year due to smaller volumes and higher demand.
According to the Australian Wool Exchange market report, the EMI is now only 1.5 per cent below the 12-month peak recorded in December.
Volumes fell almost 11,000 bales and there were strong orders from a large Chinese operator and exporters keen to finalise orders before the Chinese new year shutdown.
Most categories of Merino fleece wool gained up to 20c/kg, while some of the best spinner type wools were up 20-30c/kg.
Crossbred wools improved 10-20c/kg, with the 28 and 30-micron indicators nearing three-year highs, according to AWEX.
This week, 43000 bales will be on offer
Samantha Ruth Prabhu has launched Mile Collective, an activewear and lifestyle brand, in partnership with co-founders Harshita Motaparthi and Pravishta…
Covation Biomaterials has announced plans to sell its stake in the Primient Covation business, which produces 100 percent bio-based 1,3…
Archroma and HeiQ have signed a co-marketing agreement to jointly offer sustainable anti-odor and antimicrobial textile technologies to markets worldwide.
The Hong Kong Polytechnic University (PolyU) has developed new soft magnetorheological textiles that could have wide applications in future smart…
Levi Strauss has introduced a new clothing repair initiative designed to encourage high school students to take an active role…
Silk clothing and accessories brand Anaphe is unveiling ReWritten, a collection that reimagines denim using silk, femininity and effortless modern…