Weekly Wool Prices

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Week Ending 23 June (Week 51)

Wool auctions in Australia continued this week to advance price levels strongly. The Merino sector wools were once again the most sought after with good gains of 1.5 to 2% being commonplace. Crossbreds and cardings were not neglected by any means, as those wools placed a further 5 to 15ac upon their previous values. The AWEX EMI (eastern market indicator) increased 27ac/clean kg or 1.8% for the week to bring the closing level to 1533ac/clean kg. When measured in USD, the EMI rose 12usc to be 1159usc/clean kg. In both AUD and USD terms the market looks like seeing the season out at levels of almost 20% higher than 12 months ago.

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Week Ending 16 June (Week 50)

Positive movements across all type categories featured at Australian wool auction markets. The AWEX EMI (eastern market indicator) increased 28ac/clean kg or 1.9% for the week to break through the 1500c barrier once again and closed at 1506ac/clean kg. This level is almost 18% higher or 227ac more, year on year. The EMI when measured in USD outstripped the AUD gains this week and rose 2.8% or 31usc to 1147usc/clean kg. At this level we are 200usc higher than 12 months prior and that is well over 20% higher in USD terms which is significant given the world largely buys wool in this currency.

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Week Ending 9 June (Week 49)

The Australian wool market appeared to find a base this week, as some sense of stability returned to auctions. With available wool quantities down due to Fremantle not having enough wool to offer and the AUD strengthening significantly against the USD and Euro, most thoughts initially centred firmly around a cautious approach to any purchasing. Primarily, the price movements early in the week were all negative as levels decreased further in the Merino sector. Buyers were not convinced the basis for fresh trade had been met.

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Week Ending 2 June (Week 48)

The softening of price levels at Australian auction markets continued into this week. Merino Wool's 19.5 micron and finer were most affected but very stable market pricing was evident across all other wool types. With the Northern Hemisphere, and particularly China, hitting the traditionally slow retail demand period of early summer, the overseas manufacturers can afford a little wait and see approach. It appears the finest Merino types have taken the brunt of that slow down.

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Week Ending 26 May (Week 47)

Following a few weeks of uncertainty and mixed sentiment, the Australian auction market this week finally relented to a weakening price versus demand scenario. Prices for all types and descriptions across the Merino offering faltered somewhat and falls of varying degrees occurred. By and large the crossbred and carding sectors bucked the trend and stayed relatively firm around the established basis.

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Week Ending 19 May (Week 46)

The current mixed market signals continued into this week’s selling at Australian wool auctions. Each individual centre appeared to operate independently of each other and became separate markets within a market. In the Merino sector, Melbourne prices were cheaper, Fremantle strengthened and Sydney was by and large, firm unchanged. Crossbreds in the eastern states were more consistent with 29 micron and finer fully firm to dearer, whilst the downward trend on the very small offering of 30 micron and broader continued. The AWEX EMI (eastern market indicator) gradually decreased throughout the week by 6ac/clean kg per day to close 12ac lower at 1522ac clean kg. Most of these reductions centred from Melbourne. An indication of the willingness of demand was the USD EMI which went to the positive and rose 7usc/clean kg to 1135 usc/clean kg.

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