Weekly Wool Market Report
Season 17 – Week 18
Source: Australian Wool Exchange (AWEX)
A total 46,217 bales were offered to the trade in Week 18 and the increase in quantity, compared to recent sales, seemed to be insufficient to meet buyer demand.
All types and descriptions, across the entire merino spectrum, attracted excellent competition from all sectors of the trade, pushing prices strongly into positive territory. 16.5 to 21.0 micron recorded general rises of between 30 and 80 cents, with inferior types and better style wools, with unfavourable length and strength results, enjoying similar rises in price.
The headline indicator hit a new high, surpassing the previous peak set in mid-August.
The 45 cent jump this week pushed the benchmark barometer to 1623 cents. 19.5 micron has been the standout performer recently and, since its introduction in 2001, the Micron Price Guide is now sitting at a record high.
The skirting market had a similar result to the fleece with sharp price rises on the back of strong widespread competition.
All types and descriptions experienced general rises of between 50 and 100 cents, wools finer than 18.0 micron and with less than two per cent vm enjoying the largest gains.
The crossbred market finally managed to reverse the downward trend it has recently been suffering.
A more stylish selection than in recent offerings attracted robust competition, the entire crossbred range recorded general rises of 20 to 40 cents, the better prepared lines attracting the most interest.
The oddment sector came under intense pressure this week as buyers fought hard over a limited supply. All carding types generally rose by 30 to 50 cents, but it was the lambs that attracted the most buyer attention.
Micron was the focus and many finer lambs recorded extreme price rises, regardless of length. Next week quantities slightly reduce, currently just under 43,000 bales are on offer in Sydney, Melbourne and Fremantle.
- National Wool Selling Centre, 03 8325 7000