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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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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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Friday, 11 August 2017

Wool market review - week ending 11 August 2017 (Week 6)

The opening week of sales at Australian wool auctions produced some stunning results and mostly to the positive. Despite the comparatively large offerings and some radically adverse movements in the AUD v USD through the recess in sales, prices rose steadily from the outset of selling. Demand increased as the auctions progressed, and the dearest point of the selling week was at the close. All types, apart from carding wools, were affected.

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Friday, 14 July 2017

Wool market review - week ending 14 July 2017 (Week 2)

Another week at Australian wool auctions whereby the ability of the market to hold firm in the face of usually adverse factors featured prominently. Whilst small reductions did occur on the Merino mid microns at both eastern sale centres, the auctions generally produced firm to better prices on the majority of the sellers offered types. The AWEX EMI (eastern market indicator) decreased by just 2 ac/clean kg to close out the last “half” of the season at 1522ac/clean kg, which is 16% higher or 211ac better than the close of 12 months ago. In USD terms, the EMI shot 15usc higher to 1173usc/clean kg as the stronger AUD failed to dampen the current strong demand. The EMI in USD closed at 1173usc/clean kg which is 175usc or 17.5% higher than last year.

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