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Latest Wool Trading News - August 2015

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China slowdown forces devaluation – what impact?

What was the main reason behind China’s devaluation? One thought is that the 8% decline in exports from China in July may have spooked the Chinese government. Another thought is that China’s currency, pegged to the US dollar, and as the US dollar continues to strengthen, it makes...

Australian wool production to ease in 2015/16

The Australian Wool Production Forecasting Committee (AWPFC) has maintained its forecast for the 2015/16 season at 332 million kilograms greasy, a 4.3% decline on the estimate of 347 mkg for the 2014/15 season. Committee Chairman, Russell Pattinson commented that “there is expect...

Talk in the Trade: Iran by IWTO President Peter Ackroyd

The recent signing (14 July) of the Nuclear Treaty between Iran and the six powers in Vienna will see a gradual reduction of sanctions and a normalisation of diplomatic and trade relations between Teheran and the rest of the world. The former UK Ambassador to Iran from 2003 to 20...

Australian Wool Market Report (27 August 2015)

The Australian wool market has proven not to be immune to the turbulent global economic problems this week as auction prices retracted by around 40ac/clean kg for consecutive weeks. Much of the negative sentiment stemmed from factors not usually associated with wool trading, but ...

New Zealand Wool Market Report (27 August 2015)

At today’s South Island wool auction Crossbred wool prices generally consolidated despite the weighted currency indicator reducing by 2.31 percent from 0.6229 USDC last week to 0.6090. There appears to be a lack of confidence in global markets which is creating some uncertainty w...

Nonwovens Forum at ITMA

According to a new market report by Smithers Apex, the global nonwovens market will experience projected annual growth rates of 7.6% (tonnage) between 2013 and 2018. Geographically, Asia will continue to grow in both tonnage and market share reaching 47.5% by 2018, with Europe ma...

Pitti Immagine Filati – Wool Puts in a Bravura Performance as a Technical Yarn

AW 2016/17 was a colourful and fancy affair with a lot of wool at its centre, according to trends standing out at Pitti Immagine Filati in Florence, 1-3 July. A leaning to the exclusive and luxury end of the international market continues, with some collections showing new, named...

Mohair Wool Market Report (25 August)

  The second sale of the 2015 winter season took place in Port Elizabeth today, with 125 604kg’s on offer and 96.8% of the offering sold. The market could maintain its price levels, despite the current global economic uncertainty, with a weaker South African currency further supp...

Interwoollabs membership grows

Established in 1969 at the 38th IWTO Congress in Paris, the International Association of Wool Textile Laboratories, better known as Interwoollabs, is a member-owned, not-for profit organisation with 96 members from 29 countries. For laboratories involved in the testing of wool to...

Wool Week 2015 Savile Row – Sheep on the Row

One of the largest public events for Wool Week 2015 will take place on Savile Row – the centre of men’s luxury tailoring in London – on Monday 5th October 2015. As sheep graze, visitors will be welcomed to the open Row and tailoring houses event to learn how wool is used by the g...

ITMA 2015 gala dinner winners award

ITMA 2015 gala dinner winners award 25 August 2015 – CEMATEX, the European Committee of Textile Machinery Manufacturers, is pleased to announce that six finalists have been shortlisted from some 30 entries for its first ITMA Sustainable Innovation Award. Three of the finalists ar...

Manufacturers of protective clothing focus on comfort, style and sustainability

Several trends have emerged in recent years which are having a major impact on the personal protective clothing industry, according to a report in the latest issue of Performance Apparel Markets from the business information company Textiles Intelligence.   These trends include: ...

Huntsman Textile Effects Launches 210 New Color Formulations with Pantone

Huntsman Textile Effects introduced 210 new dye formulations for textiles with color development from Pantone. The collaboration between the global leader in textile dyes and the worldwide authority on color aims to help the textile industry efficiently produce eco-friendly fashi...

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