Weekly Wool Market Report
Season 17 | Week 34
Source: Australian Wool Exchange (AWEX)
This week saw just over 45,000 bales offered to the trade and the market responded with another week of solid rises.
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The benchmark Eastern Market Indicator (EMI) rose 9 cents to finish at 1449.
The finer micron groups continue to appreciate at a faster rate than their broader cousins causing the price differentials between microns to further widen.
The gap between an 18.0 and 19.0 micron is now out to nearly 200 cents, as is the gap between a 19.0 and 20.0 micron, meaning the difference between every micron point in these groups is now 20 cents.
Any price differences at the micron level are being largely driven by the quality of the selection.
Better types continued to attract good support and maintained their large premiums over lower spec types (overlong, high cvh, poorly prepared).
The heat seems to have left the skirting market and this sale it was again the poorest performing sector, generally unchanged for the week, with the exception of some better style 18.0 micron and finer lots, which managed modest rises for the week.
The renewed interest in the crossbred market continued this week with most types and descriptions adding a further 10 to 20 cents to the gains recorded last week. 26.0 to 28.0 micron posted the largest rises.
The oddment market also had another very solid week: 20 to 30 cent rises in locks and crutchings helped push all three carding indicators to average rises of over 15 cents.
The quickly diminishing offering of washing lambs (<0.3%) continue to attract extremely strong buyer attention and continue to be extreme.
Next week, quantities reduce slightly with currently just over 42,000 bales rostered for sale in Sydney, Melbourne and Fremantle.
- Elders National Wool Selling Centre: telephone 03 8325 7000