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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 29 March 2019

Wool market review - week ending 29 March 2019 (Week 39)

Very mixed fortunes was the result this week at the Australian Wool auctions. Merino fleece type were cheaper in the east but dearer in the west, cardings were hit hard and devalued by the short wool market trying to find new levels of comfortable trade and crossbreds tracked to higher levels yet again. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) fell 16ac or 0.8% to close at 1947ac clean/kg. The EMI when expressed in USD was even more affected as the ac/kg fall combined with a 0.7% weaker AUD to see the USD EMI 21usc or 1.50% lower to close at 1382usc clean/kg.

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Friday, 22 March 2019

Wool market review - week ending 22 March 2019 (Week 38)

It was a rather mundane market this past week at Australian Wool auctions. Price variations on all types apart from carding wools were minimal with just 5 or 10ac movements either side of the established values. The strengthening Australian dollar (AUD) against the US dollar (USD) was the most influential price determination factor at levels 1.22% higher which placed downward pressure on some areas of the offering. The declining quality of wools available, particularly in Sydney also played a role. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) fell 16ac or 0.81% to 1963ac clean/kg. Conversely though, in USD terms, the EMI increased by 6usc or 0.40% to close at 1403usc clean/kg.

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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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