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Latest Wool Trading News - October 2018

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China’s growth and its relation to wool demand

The latest AWI report examines China and explains the spectacular growth in wealth across its burgeoning middle class, and how this relates to wool demand. It also examines the current prices offered into the future, to understand the rapid acceleration of wool consumption within mainland China. The report explains that: we only need to look just 10 years ago when China was a mainly manufacturing and re-exporting des...

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Latest US duties include wool products

Tensions between the US and China broke out into a full-scale trade war this week as the US announced a third round of import tariffs on goods from China. This latest batch imposes a 10% import duty on US$200 billion of goods from China (effective from 24th September).   In The National Council of Wool Selling Brokers of Australia newsletter published this month Chris Wilcox pointed to the latest US duties and their ...

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30th Nanjing Wool Market Conference

The 2018 Nanjing Wool Market Conference was held in Nanjing Jiangsu Province, China in 11-13th September. The NWM Conference is held in September each year. Nanjing Wool Market spokesperson said that there were around 500 delegates and over 100 of these came from outside China. Participants include growers, traders, primary processors, spinners, weavers and garment manufacturers. It provided an excellent opportunity ...

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Australian Wool Market Report from AWI (28 September 2018)

Australian wool auction prices finally succumbed this week to the price resistance that has been simmering for a fortnight. All wool types and descriptions on offer were adversely affected to varying degrees, but it was the carding sector that was hardest hit bearing in mind though that all wools broader than 18.5 micron are coming off the strongest Spring levels seen. The Australian Wool Exchange (AWEX) Eastern Mark...

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New Zealand Wool Market Report – 28 September 2018

  A large offering of all wool types saw prices finish cheaper compared to the previous Christchurch sale held 14 September. Mid-micron wools suffered another heavy fall in price largely attributed to Asian sector pulling out of the market. The effects of this were felt even into the finer end of the Xbd wools, coincided unfortunately when Xbd hogget wools are coming forward.   After hard fought slight gains in recen...

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South African Wool Market Report (27 September 2018)

Port Elizabeth – The wool market traded lower at this week’s auction and the Cape Wools Merino Indicator decreased by 5.6% and by 1,362 points to close at a value of R229,28/kg (Clean). The Australian EMI lost 2,8% this week. The Cape Wools All Wool Indicator declined 5,6%. The wool market traded lower for a second auction in a row and has now receded by 10% from its seasonal high of 25,382 points. The strengthening ...

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Mohair Market Report (25 September 2018)

The third sale of the 2018 winter mohair season took place in Port Elizabeth, with an offering of 171 602.8 kg’s.   The offering consisted of good individual clips, although the clean yield percentage was lower than the previous sale, which had the biggest influence on the kid mohair market indicator, which decreased by 2.1%.   Although the demand for mohair is still good, the stronger South-African currency had a ne...

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Air NZ and All Birds create the ‘bird mask’

Air New Zealand has announced a collaboration with San Francisco-based company All Birds. The two companies have teamed up to revolutionise the humble airline sleep mask. The mask, dubbed “the bird mask”, is made from soft merino wool and has a quirky bird like design including a “beak” that means it eliminates light. The new Bird Mask initiative is being touted as a boon to those wanting to sleep during long haul fl...

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Bamboo fibre in clothing, carpet and industrial textiles

Speciality fibre production goes beyond the more familiar mohair, angora, and silk. Thuan My is a factory and retail shop in Vietnam that uses bamboo fibre to create the most interesting and innovative products – from soft toys, underwear and scarfs and textiles, to charcoal toothpaste and cleaning products. Traditionally bamboo has been used in Asia for the production of hand-made paper. But with the advances in man...

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Michael Kors snaps up Versace for $2.1bn

US fashion giant Michael Kors has confirmed a $2.1bn takeover of Versace in a move that has outraged some fans of the Italian fashion house. Creative director, Donatella Versace, has run Versace since the 1997 murder of her brother Gianni. She called the sale a “very exciting moment” and said it would “allow Versace to reach its full potential”. Donatella will continue to lead Versace’s “creative vision”, said Michae...

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ITMA 2019 – registration now open

Online visitor registration for ITMA 2019, the world’s largest textile and garment manufacturing technology showcase, has now opened. Held every four years, the exhibition will be staged at Fira de Barcelona, Gran Via venue, Spain, from 20 to 26 June 2019.   Visitors can enjoy early bird rates until 15 May 2019 when they buy badges online at www.itma.com/reg. A one-day badge costs 40 euros, and a seven-day badge is 8...

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Tollegno 1900 and Sandonini – shoe collaboration

Tollegno 1900 continues to explore the avant-garde in the world of fashion and accessories. The creation of the innovative ShoeSocks, a concept created by Sandonini, a leading company in the textile machinery sector from Brescia is one such example. This innovative 3D footwear is a two-in-one shoe-sock: a single shoe upper integrated with a sole with no seams, is totally customizable with knit stitches, colours, styl...

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Cole Haan ZERØGRAND footwear with Wool Stitchlite™

As the brand continues to push boundaries to achieve the extraordinary in the fashion space and to celebrate its new launch, Cole Haan, in partnership with animation company HouseSpecial, launch a playful animated video.   The ZERØGRAND with Wool Stitchlite™ Video, co-directed by Kirk Kelley and Mark Gustafson, is a light-hearted and entertaining take on the newest addition to the ZERØGRAND family of footwear, playin...

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