Weekly Wool Market Report
Season 17 | Week 48
Source: Australian Wool Exchange (AWEX)
Week 48 saw only 28,459 offered to the trade.
And still, the benchmark Eastern Market Indicator (EMI) fell for a fourth consecutive week.
The last time the Eastern Market Indicator rose was in Week 44, when it managed an impressive 43 cent rise.
This sale saw price reductions from the outset, as buyers again looked for value in a falling market.
Best style lots exhibiting excellent test results continued to be in great demand and fared relatively well.
However, wools showing even small impurities or slightly unfavourable length and strength results were quickly discounted.
The finer microns were most affected.
Starting from 20.0 micron, the finer the wool, the greater the reduction in price.
This resulted in general losses of between 60 to 80 cents in the finer merino sector.
The Eastern Market Indicator added a further 23 cents to its recent losses to close at 1472 cents.
A rare highlight of the week was 21.0 micron and coarser, these types defied the downward trend and managed gains, generally between 10 and 15 cents.
The skirting market followed a very similar path to the fleece.
Best style/low vm skirtings found good support and did not experience the same price reductions as the average style/higher vm lots, which were discounted by as much as 80 cents.
The finer crossbreds continued to find excellent trade support and were 5 to 10 cents dearer for the week.
30.0 micron and coarser, however, struggled to garner the same support and were highly irregular.
Again, carding buyers had to fight for their share of a very limited offering.
Most prices and descriptions were generally unchanged for the week.
- Enquiries: please call the National Wool Selling Centre, 03 8325 7000