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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 17 May 2019

Wool market review - week ending 17 May 2019 (Week 46)

rices at this weeks’ Australian wool auctions saw some drastic falls as buyer confidence appeared to desert the market. Heavy falls were recorded of the magnitude not seen for quite some time. The AWEX Eastern Market Indicator (EMI) depreciated 3% or 59ac to close at 1893ac clean/kg. This new basis level is practically equivalent to the average EMI (1882ac) of the entire October to December selling stage of 2018. The past six months has seen an average EMI of 1944ac, whilst the season average is sitting at 1958ac with six weeks of sales left before season end.

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Friday, 10 May 2019

Wool market review - week ending 10 May 2019 (Week 45)

A pragmatic approach to purchasing by the majority of buyers at this week’s Australian wool auctions saw a market that largely went to the buyer’s favour. The week’s operations featured the continued weakness of the two largest Chinese indent operators within the Merino fleece. This lack of purchasing intent saw that sector flounder and drift downwards, as the exporters that were interested were advantaged and this allowed the price to drop back to their ideal levels.

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Friday, 03 May 2019

Wool market review - week ending 3 May 2019 (Week 44)

Australian wool auctions resumed this week with positive price gains across the entire offering. All types and descriptions ended the week at higher levels, despite the general absence of the largest of the Chinese indent buyers. The AWEX Eastern Market Indicator (EMI) gained 17ac or 0.87% to close at 1960ac clean/kg. The EMI when expressed in USD was conversely much weaker to record a level at the conclusion of the weeks selling of 1376usc clean/kg, which was 23usc or 1.65% lower.

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Thursday, 18 April 2019

Wool market review - week ending 18 April 2019 (Week 42)

The national wool auctions produced a positive result this week out of Australia. For the time being, this has reversed the slow decay of the average market price that has been the trend for two months. In fact the Australian Wool Exchange (AWEX) reports state that this latest drift is the longest since November 2003, when measured in weeks selling, The AWEX Eastern Market Indica-tor (EMI) gained 7ac or 0.36% to close higher at 1943ac clean/kg. The EMI when expressed in USD was even stronger and recorded a 12usc or 0.88% to see that indicator close at 1399usc clean/kg.

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Friday, 12 April 2019

Wool market review - week ending 12 April 2019 (Week 41)

Australian wool auctions generally meandered along this week in much the same fashion as the past month or so, with the glaring exception of the crossbred sector which continues to post new all-time highs. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) lost 7ac or 0.36% to close at 1937ac clean/kg. The EMI when expressed in USD was actually stronger by 5usc or 0.37% to see that indicator close at 1387usc clean/kg.

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