Weekly Wool Market Report
Season 17 – Week 36
Source: Australian Wool Exchange (AWEX)
The Australian Wool Market has continued its roller coaster ride in Week 36.
The Benchmark Eastern Market Indicator (EMI) posted a new high in the previous sale, and many individual Micron Price Guides also posted new records.
But Week 36 has seen the market suffer corrections.
Nationally, there were 45,536 bales offered to the trade, a slight increase in quantity compared to Week 35.
Price reductions were felt from the outset and by the end of the sale, prices were generally reduced by 40 to 80 cents.
It was the wools carrying impurities and those exhibiting poor length and strength results, that were the hardest hit, in many cases over 100 cents cheaper.
Inversely, wools with very low mid breaks were highly sought after and sold at levels very similar to the previous sale.
The Eastern Market Indicator fell by 52 cents, closing the week at 1778 cents.
The skirting market followed a similar trend to the fleece. Losses were felt right across the board, generally between 30 and 70 cents, with wools with favourable length and strength results, or those carrying less than 3 percent vegetable matter, least affected.
The crossbred sector defied the trend of the merinos and generally managed to record rises for the week:
25.0 to 28.0 micron posted solid gains of between 10 and 30 cents, the better prepared lines enjoying the largest price increases.
30.0 micron and coarser were par to 5 cents easier.
The oddment sector continued its downward trend. Locks, stains and crutchings experienced general reductions of 20 to 30 cents, which was reflected in the three carding indicators dropping by an average of 23 cents.
A limited selection of lambs was highly irregular but tending cheaper.
In Week 37, there will be a decrease in quantity. Currently, there are 43,894 bales on offer in Sydney, Melbourne and Fremantle.
National Wool Selling Centre, telephone 03 8325 7000