Week Ending 20 October (Week 16)
Australian wool auctions on the surface appeared to be rather mundane this week, but some vastly differing results were recorded across the wool type spectrum. Demand picked up on super fine Merino and cardings, causing positive price movement, whilst the broader than 19 micron Merino and crossbred sectors all suffered a slowing in interest and negative price impacts in reaction to the strengthening AUD (Australian Dollar) versus the three major wool trading currencies of the USD (US dollar)/CNY (Chinese yuan) /Euro exchange rates. The AWEX EMI (eastern market indicator) did manage to pick up 2ac though and closed the week out at 1568ac/clean kg.
Week Ending 13 October (Week 15)
Another good week at Australian wool auctions for sellers of Merino wools of all types and all descriptions. Prices were stronger from the outset and pushed upward right through to the close of selling. The crossbred sector didn’t fare as well as prices initially retreated, but pleasingly, towards the latter parts of the final day, levels consolidated as buyers purchasing intent became more willing. The AWEX EMI (eastern market indicator) advanced by another 1% or 16ac/clean due once more to the advance of prices being paid in the Merino sector. The EMI closed the week at 1566ac which is 19% higher compared to the same sale as last season.
Week Ending 6 October (Week 14)
A tale of two markets this week at Australian wool auctions. Merino types of all descriptions were in strong demand and witnessed healthy gains of up to 60ac/clean kg in some instances, whilst crossbred wools continued to falter for price by around 15ac under weak interest. The AWEX EMI (eastern market indicator) advanced by almost 2% or 28ac/clean kg purely on the back of the apprecia-tion of the prices within the Merino sector which saw the EMI close the week at 1550ac.
Week Ending 29 September (Week 13)
Australian wool auctions this week followed along the same trend as has been seen for the past two or three weeks. Super fine and fine Merino types remain well sought after whilst the medium Merino types continue to drift. Crossbred wools are still struggling to find a stable level of trade, but the carding sector is enjoying good times and prices continue upwards under strong demand. Within all these minor adjustments to wool values, the AWEX EMI (eastern market indicator) barely moved and concluded the series of sales this week at 1522ac/clean kg or 3ac lower.
Week Ending 22 September (Week 12)
A rather mundane series of events this week at Australian wool auctions with a largely unchanged market being the result. This is well and truly reflected by the AWEX EMI (eastern market indicator) being unchanged at 1525ac/clean kg. Obviously the USD EMI adjusted just to the forex rate being 0.45 lower and as such fell 5usc to 1215usc/clean kg.
Week Ending 15 September (Week 11)
A large adjustment to ruling price levels occurred this week at Australian wool auctions, and all to the negative mainly. Almost all wool categories were affected to some degree apart from the carding types which continue to run their own course and are seemingly immune to all other sector's movements. In fact, the cardings appreciated a few cents for the sales. The AWEX EMI (eastern market indicator) finished the week 31ac lower at 1525ac/clean kg or a 2% fall. Week on week the AUD strengthened against the USD and at times traded at levels into the 80.5 area as the auctions went ahead. When expressed in USD, the EMI finished the week at 1220usc clean/kg or 1.9% lower.