Elders Weekly Wool Market Report | Season 17 - Week 46

Weekly Wool Market Report

Season 17 | Week 46

Source: Australian Wool Exchange (AWEX)

Although the EMI recorded losses, it also recorded a rise in US dollar terms, an 8 cent lift as the Australian dollar fell. Source: AWEX

Although the EMI recorded losses, it also recorded a rise in US dollar terms, an 8 cent lift as the Australian dollar fell. Source: AWEX

Week 46 saw 35,020 bales offered to the trade in Sydney, Melbourne and Fremantle.

Each market performed a little differently to the others.

The Southern Market experienced more corrections with most types and descriptions suffering decreases of between 15 and 30 cents, resulting in a drop in the Southern Indicator of 21 cents for the week.

The Northern Market was relatively firm, with most types and descriptions trading within 5 to 10 cents of the prices achieved at the previous sale, which was reflected in a slight drop in the Northern Indicator of 3 cents.

The Western Market Indicator went against the trend of the Eastern States and actually managed to record an 8 cent rise.

This was mainly due to the majority of the offering being 20.0 micron and coarser, with these types generally enjoying rises of between 10 and 15 cents for the week.

Due to the large falls in the Southern region, the benchmark Eastern Market Indicator (EMI) dropped another 12 cents to close the week at 1522 cents.

Although the Eastern Market Indicator recorded losses, it actually recorded a rise in US dollar (USD) terms, an 8 cent lift in fact due to the fall in the Australian dollar.

The skirting market was driven by vegetable matter (vm) again this week.

Lots with less than 3 per cent vegetable matter were dearer, generally 10 to 20 cents, while wools with higher vegetable matter levels were irregular tending cheaper.

The crossbred market experienced mixed results.

26.0 micron and finer generally had rises of 5 to 10 cents while 28.0 micron and coarser fell by 10 to 15 cents.

A limited selection of oddments was fully firm for the week.

  • Enquiries: please call the National Wool Selling Centre, 03 8325 7000
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