Weekly Wool Market Report
Season 18 – Week 12
Source: Australian Wool Exchange (AWEX)
After the rises and falls of recent sales, the Australian Wool Market had what could best be described as a solid, steady week.
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On the first selling day, most types and descriptions sold at levels very close to those achieved at the previous sale.
The benchmark Eastern Market Indicator (EMI) managed a modest 2 cent rise, closing at 1527 cents.
The second day brought more of the same.
Wools generally traded within a few cents of the prices achieved on the first day.
The Eastern Market Indicator gave back the 2 cents it gained, closing the week unchanged at 1525 cents.
There has been a gradual increase in the number of wools exhibiting large mid breaks and these types are now starting to attract more significant discounts, especially in the finer microns.
The prevalence of these wools was a driving factor in pushing the market indicators in some microns down.
Conversely, any lots with a mid-break of 20 or below are now attracting even greater premiums, as buyers attempt to average down their purchases.
The skirting market had a mixed week.
General gains of 10 to 20 cents on the first selling day, then seeing those gains completely eroded on the second to finish the sale generally unchanged.
The crossbred sector experienced losses this week, 26.0 micron all the way to 32.0 micron generally fell by 5 to 20 cents, with the poorly prepared lines suffering the largest drop in price.
The oddment market was the best performing sector for the second consecutive week.
A stylish selection attracted excellent support, resulting in the three carding indicators rising by an average of 26 cents.
In Week 13, there is an unusual selling pattern. Melbourne will offer on Tuesday and Wednesday to accommodate a Friday public holiday.
Sydney and Fremantle will offer on Wednesday and Thursday as per normal.
- National Wool Selling Centre, 03 8325 7000