Weekly Wool Market Report
Season 18 – Week 10
Source: Australian Wool Exchange (AWEX)
After the tumultuous rises and falls of recent sales the Australian Wool Market has had a more subdued week.
The market opened last Wednesday with prices quickly finding a level that was bringing prices very similar to those achieved at the previous sale.
Generally, prices were trading within 5 to 10 cents of last Thursday’s quotes, with some types slightly dearer and others slightly easier.
The only types to make any significant movements were 18.5 micron and finer lesser style wools, which were up to 20 cents easier.
The Benchmark Eastern Market Indicator (EMI) lost a single cent to finish the day at 1557 cents, although it did record a 13 cent lift when viewed in US dollar terms.
The second day was an almost carbon copy of the first. The market again sold at levels very close to those achieved on the previous day, apart from 18.5 micron and finer, with these types generally falling a further 20 cents.
The EMI again lost a solitary cent, closing the week at 1556 cents, an overall reduction of just 2 cents.
It must be noted that the Fremantle market experienced larger falls than the East, generally 20 to 40 cents, with 18.5 and finer also most affected.
The skirting market followed a similar path to the fleece. The finer lesser style wools and those carrying excessive vegetable matter recorded general losses of 10 to 20 cents.
The broader, better style FNF wools increased in price by around 15 to 20 cents.
The crossbred market also realised prices very close to those achieved the previous week. The exception was 26.0 micron, which was 15 cents dearer.
The carding market received excellent support this week and reversed its recent trend of downward movement. Most types and descriptions appreciated by 5 to 10 cents.
Quantities continue to rise: this week 44,281 bales are rostered for sale in Sydney, Melbourne and Fremantle (as of September 8).
- National Wool Selling Centre, 03 8325 7000