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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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219 results
Friday, 15 September 2017

Wool market review - week ending 15 September 2017 (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.

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Friday, 08 September 2017

Wool market review - week ending 8 September 2017 (Week 10)

In light of the intense activity of the past three or four weeks at Australian wool auction sales, the market produced a rather mundane result this week. Whilst some of the finest Merino microns showed some negative price tracking, the majority of the offering, which was 18 to 22 microns, was largely firm to unchanged and traded strongly throughout. Similarly the cross-bred and carding sectors produced very little change in their values over the course of the selling week.

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Friday, 01 September 2017

Wool market review - week ending 1 September 2017 (Week 9)

After a rather sluggish start to the selling week at Australian wool auction sales, the market showed some signs of positive activity on the final day. The signals were all negative on the first day of operations and prices drifted as the market looked for a level at which new business could be conducted. By day's end levels on all wool types and descriptions were trading 30ac/clean kg lower. Overnight on Wednesday though it was being widely reported that better trade opportunities existed, not only from China, but India and Italy as well. Those encouraging signs were immediately transferred into the sale rooms on Thursday with a handy 20ac recovery in prices, and almost eliminating the losses of the previous day.

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Thursday, 24 August 2017

Wool market review - week ending 24 August 2017 (Week 8)

Australian wool auction sales adjusted heavily downwards this week in complete contrast to the impressive gains of last week. Following two weeks of consecutive rises and seeing the AWEX EMI (eastern market indicator) go into record territory, the market finally hit a price point where the price hurt the prompt demand, and the market reacted accordingly. By the close of selling, the EMI settled at 1572ac clean/kg, eliminating 42ac from the record level set last week. The EMI in USD fell similarly by 40usc clean/kg to a close of 1241 usc clean/kg.

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Friday, 18 August 2017

Wool market review - week ending 18 August 2017 (Week 7)

Astonishing results arose from this week’s wool auction sales across Australia. In perhaps one of the more stunning weeks of selling, all wool types and descriptions, apart from cardings, rose by margins ranging from around 4% for the higher priced wools to a staggering 17% on the broadest wools of the long suffering crossbred sector. The charge came solely from China, with a few of the larger users looking to fill their wool production pipelines.

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