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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 16 November 2018

Wool market review - week ending 16 November 2018 (Week 20)

Some semblance of confidence has appeared back at the Australian wool auction sales rooms. Widely variable results were being published, but by and large, the trade by week’s end were all reporting better price levels and sentiment within the selling centres. The origins of this change and the longevity remain uncertain, but the positive nature of the action this week was naturally warmly welcomed by grower sellers. 

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Friday, 09 November 2018

Wool market review - week ending 9 November 2018 (Week 19)

Prices at Australian wool auction sales continued to fall this week, as buyer confidence and activity was severely lacking. All wool types and descriptions were affected to varying degrees, but all to negative and a good portion of the offering registered compelling depreciations. Similar to last week, the tone by the end of the last day of auction was much better than the first day but buy in levels by that stage were far more advantageous for exporters and indent buyers alike to fulfil their immediate requirements.

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Friday, 02 November 2018

Wool market review - week ending 2 November 2018 (Week 18)

Australian wool auction sales exhibited some better signals this week as prices began to stabilize somewhat. Price in AUD locally continued to fall away a few points, but in all three major foreign currencies used in wool trading, prices finished the week on an unchanged week on week market general indicator basis.

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Friday, 26 October 2018

Wool market review - week ending 26 October 2018 (Week 17)

Disappointingly large and negative price movements across the offering was unfortunately the result again at Australian wool auction sales this week. Price falls were significant and an average of around 5% was lost from clip values. As the past six or more years have seen price gains predominantly on the back of demand, similar-ly this rapid retraction in price levels is being caused by the slowing of buying by mainly Chinese manufacturers. All types and descriptions were affected, but once again the super fine (less than 18.5 mic) end of the Merino sector and all carding types were hardest hit.

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Friday, 19 October 2018

Wool market review - week ending 19 October 2018 (Week 16)

Australian wool auction sales this week saw price reductions across the board, seemingly making a lie of the positive sentiments that emerged at last weeks' sale series. The buyer apprehension that was seen prior to last week returned to trend, with many influential buyers reverting to their month long cautious approach to buying, reflecting the sporadicity of current overseas demand. All wools were impacted to varying degrees, but the carding types and lower quality super fine Merino sectors were hardest hit. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) tracked 2.6% or 53ac lower to 1970ac clean/kg. In US Dollar (USD) terms the indicator was less affected as the stronger AUD v USD forex lessened the effect but still slipped 1.8% or 26usc to close the week at 1405 usc clean/kg.

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