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Weekly Price Reports

Weekly commentary on the wool market from AWI trade specialists.

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Friday, 30 November 2018

Wool market review - week ending 30 November 2018 (Week 22)

Whilst the general market indicator would seem to signify a rather mundane sale series, the facts showed some very mixed results across differing wool types as the outcome at this week’s Australian wool sales. Confidence remained buoyant for the week, yet some price sensitivity around the Merino types was apparent from the outset, following the perplexingly large gains of the preceding week of selling. Conversely, the fine crossbreds (25 to 28micron) registered some similarly mystifying and extraordinarily large gains, and it was this sector that largely accounted for the EMI holding on.

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Friday, 23 November 2018

Wool market review week ending 23 November 2018 (Week 21)

A dramatic change of direction in market fortunes this week at the Australian wool auctions. Whilst confidence began to become apparent last week, the conversion to higher price returns confirmed the trend change, and prices surged across all wool types and descriptions this week. What had actually occurred to radically spike the interest back to more favourable outcomes for wool grower sellers remains somewhat a mystery, but commentary from exporters did indicate an increase in Chinese inquiry for new contracts, but what percentage of that enquiry was converted to actual new business remains to be seen in order to continue to strengthen market pricing.

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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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