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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 15 March 2019

Wool market review - week ending 15 March 2019 (Week 37)

Australian Wool auction sale results were again to the negative this week. The declining overall quality of wools available, soft enquiry and a slightly stronger Australian dollar (AUD) against the US dollar (USD) and the Chinese Yuan (CNY) were nominated as factors, but the much cheaper South African (RSA) wool auction market was the primary cause. All wool types and descriptions were affected to varying degrees which saw the Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) fall 29ac or 1.44% to 1979ac clean/kg. In USD terms, the EMI gave up 18usc or 1.30% to close at 1397usc clean/kg.

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Friday, 08 March 2019

Wool market review - week ending 8 March 2019 (Week 36)

Australian Wool auction sale results split into two distinct trends this week. Merino fleece and skirtings traded to weaker levels with the deteriorating selection nominated as the primary cause. The crossbreds and carding sectors enjoyed better results though and prices progressed upwards throughout the selling week. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) dipped for the second consecutive week and 8ac or 0.4% was lost for the week to 2008ac clean/kg. In US dollars (USD) terms, the EMI experienced a much greater downturn and fell away by 26usc or 1.75% to 1415usc clean/kg on the back of a much weaker AUD.

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Friday, 01 March 2019

Wool market review - week ending 1 March 2019 (Week 35)

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) slipped 11ac or 0.54% for the week to 2016ac clean/kg. In US dollars (USD) terms, the EMI experienced a similar 11usc fall to 1441usc clean/kg. Not much movement was seen on the currency front, with minor fluctuations of 0.22% as the ruling AUD v USD foreign exchange (forex) rate weakened.

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Friday, 22 February 2019

Wool market review - week ending 22 February 2019 (Week 34)

Australian Wool auction sales sold to very intense Chinese interest this week and healthy gains were recorded across the entire offering. Demand for the fine (19 to 21micron) Merino and fine crossbred (26 to 28 micron) was at the forefront of buyer activity, with price levels within this area rising by upwards of 4.2% on the merino and 6.5% on the crossbreds. All other wools on offer also enjoyed some very good price hikes.

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Friday, 15 February 2019

Wool market review - week ending 15 February 2019 (Week 33)

All categories of wool on offer at Australian Wool auction sales sold strongly to the sellers advantage this week. Sales featured some excellent quality (mainly super fine Merino) wools ex Tasmania and these wools attracted a healthy premium and sold predominantly to the traditional Italian weavers. Significantly, historical highest price levels were reached within the crossbred sector. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) advanced 24ac for the week to 1968ac clean/kg. In US dollars (USD) terms, the EMI gained 21usc to close at 1401usc clean/kg.

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