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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 23 March 2018

Wool market review - week ending 23 March 2018 (Week 38)

Sentiment this week at Australian wool auction sales changed course to the positive. After spending a a few weeks in reverse, wool values lifted once more due to a slight improvement in prompt de-mand, lighter volumes on offer and an advantageous forex (foreign exchange) rate. Most types and descriptions recorded gains almost to the cent of the forex differentials, except 19 to 21 micron Merino fleece which broke out beyond the percentage currency gain, indicative of some fresh demand. The AWEX EMI (Australian Wool Exchange - Eastern Market Indicator) regained all of the losses of last week and appreciated by 27ac for the week and closed at 1778ac/clean kg.

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Friday, 16 March 2018

Wool market review - week ending 16 March 2018 (Week 37)

The depreciating price trend continued this week at Australian wool auction sales although the rate of falls slowed considerably. Merino wools of all types and descriptions were allowed to drift backwards from the outset by buyers, but the under-current of swelling demand became evident towards the close of selling and arrested the slide on quite a few of the type sectors. The AWEX EMI (Australian Wool Exchange- Eastern Market Indicator) fell by 27ac for the week and settled at a week ending figure of 1751ac/clean kg.

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Friday, 09 March 2018

Wool market review - week ending 9 March 2018 (Week 36)

Australian wool prices were generally in retreat this week at auctions. The Merino sector was most affected as the market drifted daily and failed to find a solid base where buyers were comfortable to support in strength. Not all of the wool market was gloomy as some very positive results were recorded at the finer end of the comeback/crossbred offering. The AWEX EMI (Australian Wool Exchange- Eastern Market Indicator) lost 52ac and settled at 1778ac/clean kg. In US dollar (USD) terms, the EMI was 23usc lower at 1392usc/clean kg, a figure much less affected than the AUD EMI due to the strengthening of the foreign exchange (forex) rate. The AUD v USD was 1.3% higher on a week to week comparison.

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Friday, 02 March 2018

Wool market review - week ending 2 March 2018 (Week 35)

Sales this week in Australia featured the final designated super fine sale of the season and buyers certainly attacked the better selection on offer with plenty of enthusiasm. Strong purchasing from Italian interests was in evidence, but forward and spot traders also participated keenly. This sector alone assisted greatly in seeing the AWEX EMI (Australian Wool Exchange- Eastern Market Indicator) advance 10ac to 1830ac/clean kg. This figure represents another week-ending record high and earlier in the week on Wednesday a daily record all time high of 1834ac/clean kg was set.

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Friday, 23 February 2018

Wool market review - week ending 23 February 2018 (Week 34)

All the action this week at Australian wool auctions centred around the rising Merino fleece values locally. Business conditions remain relatively subdued as China was on holiday and most of this series gains can be attributed to the more advantageous forex (foreign exchange) rates. Given the extent of the positive gains that the Merino fleece sector extracted, it surprised some to see that a move of just 8ac/clean kg was recorded on the AWEX EMI (Australian Wool Exchange- Eastern Market Indicator). The indicator finished the week at 1820ac/clean kg which equalled the highest ever daily EMI level but set a new record as far as the EMI weekly closing figure goes.

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