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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 13 July 2018

Wool market review - week ending 13 July 2018 (Week 2)

The final sale of the first half of the calendar year of Australian wool auction sales produced very little variation or significant movements in price. In what ended up being quite a benign week as far as activity goes, buyer and seller levels of acceptance approached normality (8.5%) after the high passed in rates (15.6%) of last week. The AWEX (Australian Wool Exchange) EMI (Eastern Market Indicator) reduced by just 0.6% or 13ac to go to the recess in sales at 1981ac clean/kg, a remarkable 459ac higher year on year. The EMI expressed in USD was also unremarkable and drifted downward by 8usc to 1463usc.

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Friday, 06 July 2018

Wool market review - week ending 6 July 2018 (Week 1)

This week saw the first week of the new selling season, and only negative movements were recorded across the offering at Australian wool auctions. The 2018/19 season heralded losses across the Meri-no sector of a general 60ac clean/kg whilst crossbreds and come-backs reduced by around 40ac clean/kg. Cardings types relatively defied the lacklustre performance of other sectors and just drifted lower by a few cents. The AWEX (Australian Wool Exchange) EMI (Eastern Market Indicator) reduced significantly by 3% or 62ac clean/kg and started the new financial year at 1994ac clean/kg. This time 12 months ago the market commenced the selling season at 1524as, 470c or nearly 31% lower than today.

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Friday, 29 June 2018

Wool market review - week ending 29 June 2018 (Week 52)

The last selling week of this season has just past. Whilst a bit of a soft finish occurred, it hardly takes the gloss off what has been a stellar 2017/18 Australian wool auction year. The subdued interest from the trade continued into this weeks selling and a mellow AUD forex movement against the USD allowed the buyers to try and let the market drift backward. In reality this was rather ineffective as by the close of selling almost all better wool types and descriptions started to gain momentum once more. The AWEX (Australian Wool Exchange) EMI (Eastern Market Indicator) did decline 17ac for the week and closed at 2056ac/clean kg. Year on year the EMI improved a substantial 531ac/clean kg or 34.8%.

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Friday, 22 June 2018

Wool market review - week ending 22 June 2018 (Week 51)

Yet again, wool price records continued to tumble this week at Australian wool auctions, albeit almost entirely forced by a significant weakening of the Australian Dollar (AUD) versus the United States Dollar (USD). Purchasing demand patterns identical to last week remained in play this week, with most pressure still centred around Merino wools of 19 to 22 micron. Strong price advances were also recorded on all other types and descriptions. The AWEX (Australian Wool Exchange) EMI (Eastern Market Indicator) lifted 52ac to set a new daily and week ending record high of 2073ac/clean kg. This figure represents a staggering year on year increase of 540ac (35%).

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Friday, 15 June 2018

Wool market review - week ending 15 June 2018 (Week 50)

After a brief respite in the market from rapid price gains last week, this week’s action at Australian wool auctions saw prices generally head back to the positive trajectory. Identical demand patterns were evident as Merino types broader than 19 micron were highly sought, and the finer than 19 micron types just being picked through for value, extending the drift downward in that area of the selection. All other segments sold generally unchanged, with just some minor adjustments, both up and down, being recorded. The AWEX (Australian Wool Exchange) EMI (Eastern Market Indicator) lifted 10ac almost exclusively on the back of the price gains of the fine/medium Merino fleece sector, and closed at 2021ac/clean kg.

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