Crossbred sector in demand

The AWEX Eastern Market Indicator (EMI) managed a 2 cent increase for the week, to close at 1,860 cents.
The AWEX Eastern Market Indicator (EMI) managed a 2 cent increase for the week, to close at 1,860 cents.

Elders

Season 18 – Week 22

Source: Australian Wool Exchange (AWEX)

The strong positive movement experienced in the previous week’s sale could not be sustained in Week 22.

The quantity on offer was 34,513 bales, the national offering is now down by 18.0 per cent when compared to the corresponding sale of the previous season.

The merino fleece sector failed to attract the same amount of support that it enjoyed during last week’s sale.

The result was price reductions, inferior style wool and wool with unfavourable additional measurement results the hardest hit in the falling market. 18.5 micron through to 21.5 micron generally lost between 15 and 30 cents for the series.

Although the merino fleece sector generally recorded losses, the AWEX Eastern Market Indicator (EMI) managed a 2 cent increase for the week, to close at 1,860 cents. However, this was mainly due to substantial rises in the crossbred sector.

The skirtings went against the trend of the fleece and added further gains to those achieved last week.

Prices achieved were generally 10 to 30 cents above those achieved at the previous sale, wool carrying less than 2.0 per cent vegetable matter (vm) enjoying the largest gains.

As previously mentioned, the crossbred sector recorded large rises this week. Strong demand helped push prices for wool 28.0 micron and finer up by 80 to 90 cents.

Better prepared lines received the greatest support and as a result enjoyed the largest increases.

The carding market continued its upward trend, following on from the large gains experienced in the previous week’s sale.

Locks, stains and crutchings generally rose by 10 to 25 cents. These rises helped push the three carding indicators up by an average of 12 cents.

Next week is the penultimate sale before the annual three-week Christmas.

Quantities increase and currently, there is 39,510 bales rostered for sale in Sydney, Melbourne and Fremantle. 

If you have a query, please contact Elders National Wool Selling Centre on (03) 8325 7000.

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