Week 16 - October 2024
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 15th Oct & Wed 16th Oct 2024
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 16: 16th October 2024
Currency Movements
Currency Movements
Sales Week 16: 16th October 2024
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
Largely unchanged to buyers favour were the results on most types on offer at this week’s Australian wool auctions. Competition remained strong, but most operators were wanting to see further demand signals before committing to full support at the higher Australian dollar local levels, hence the stagnation of prices this week. The price delivered basis to mainly China in US dollars remains a general 15/20usc higher since the rise last fortnight.
Trading exporters were the dominant buyers once again, but as their buying backed off on the final day, prices dipped slightly which saw the largest Chinese top makers step in and support the market from that point on. Some higher volumes were available and this helped disseminate good weights amongst the trade of most sectors.
In a designated superfine sale week, the good offering of ultra fine sub 15micron lots sold exceptionally well under intense competition. A high price of 12,700ac greasy for a line of 13.2micron fleece stood out.
Next week has 36,500 bales on offer.
