Weekly Wool Market Report
Season 17 | Week 45
Source: Australian Wool Exchange (AWEX)
Week 45 saw just over 38,000 bales offered for sale to the trade.
On the first day of selling the market opened very solidly in the eastern states, with most types and descriptions selling at levels at or above those achieved at the previous sale. Buyer confidence remained high through to the final lot.
Prices generally increased by 5 to 10 cents for the day, pushing the benchmark Eastern Market Indicator (EMI) up 5 cents to 1549 cents.
The Fremantle market opened solidly and in line with the eastern markets, then slowly but noticeably deteriorated as the sale progressed. The Western Indicator dropped 14 cents as most types and descriptions were discounted between 10 and 30 cents.
The tone evident towards the end of the first day, was apparent from the beginning of the second.
Low yielding, lesser style/spec wools were hardest hit as prices were generally reduced by 15 to 30 cents.
The Eastern Market Indicator lost 15 cents to close the week at 1534 cents, an overall loss of 10 cents.
The skirting market was strongly influenced by vegetable matter.
Wools with less than 3.0 per cent vm were highly sought after and finished the week relatively unchanged.
Skirtings with higher vm levels struggled and these types had price decreases of between 20 and 40 cents, with wools 6.0 per cent vm and over most affected.
The crossbred sector was resilient in a falling market with most types and descriptions recording modest rises for the week, generally between 5 and 10 cents.
The oddment market had two solid selling days with most types and descriptions tending slightly dearer for the week, resulting in the three carding indicators rising by an average 7 cents.
- National Wool Selling Centre 03 8325 7000