The market continues positive start to 2025
This week’s market continued to show stronger prices despite the increased bales on offer as sellers responded to the rising market. The Eastern Market Indicator (EMI) recorded a 15¢ rise on Tuesday and added a further 8¢ lift on the final day to close at 1215 cents. This places the EMI at its highest closing […]
Weak dollar welcomes wool
The wool market returned from its three-week Christmas break making a very strong start to 2025. The market was assisted by a weaker AU dollar which encouraged predictions of a good market opening. This was certainly confirmed with buyers stepping up to a relatively large catalogue. AWEX reported that from the opening bids were stronger […]
More of the same for wool
Compared to last week it was a similar offering, same pass-in rate, and limited market moves. The wool market delivered again on its 2024 theme of demand at auction covering the offering but failing to show any improvement of the general market. The Eastern Market Indicator fell back just 2 cents, while the conversion to […]
Stable market continues
The wool market has now been in a relatively tight trading range since May last year with AWEX reporting that the EMI over this period has ranged just 134 cents. A noticeable factor is the decline of wool testing 40 N/KT and better, with just 27% of the fleece offering above this threshold. This phenomenon […]
Managed supply lifts wool market
The wool market this week improved across the board, although 17.5 MPG and finer in Sydney posted minor losses. AWI report that the supply of wool to auction is being “managed” extremely well to match the current demand. Bidding from local export traders dominated the wool sale, resulting in a decrease in the pass-in rate […]
Little movement on the wool front this week
The wool market presented a softer tone this week with most Micron price guides easing slightly. Demand was weaker with fewer bales sold alongside a higher pass-in rate compared to last week. >Selective demand by buyers pushed the Eastern Market Indicator (EMI) down 7 cents to 1,131 ¢/kg clean. In US $ terms, the market […]
Optimism a plenty
As reported last week, it felt like the wool market was stirring on the back of positive Chinese economic stimulus. This week it posted the largest weekly rise in 15 months and managed to clear all but 590 bales that were offered for sale. It was a disjointed selling week with Sydney taking Monday off […]
Wool market lacking inspiration
The wool market responded to a slightly higher Au$ with a weaker auction market. The market is now meandering without any strong demand, despite volumes remaining lower year-on-year. The Eastern Market Indicator (EMI) slipped 11¢ to settle at 1,087¢/kg, but again the market showed a lift of 6¢ gain in the EMI expressed in US$ […]
Merino market lifts
The Merino section of the market took the credit for the modest improvement seen at auctions this week. The last two weeks of selling have seen a glimmer of support after a period of generally stagnant demand this financial year. The Eastern Market Indicator (EMI) improved across the week by 9 cents settling at 1,099¢/kg […]
No warmth for this weeks wool market
Unfortunately, the second week of the new selling season resulted in a continuation of the opening weeks’ sentiment. The market struggled with the twin issues of a slightly stronger AUD/USD and a larger offering trying to digest the build-up of volume over the recess. Sellers were unimpressed, lifting the pass-in rate to 11.7% of the […]
Nothing to write home about
It was a difficult week for the market, as reports that our biggest market China was sitting on its hands as it waited to get some clearer direction from retailers. Despite Fremantle taking the week off, the market opened weaker before showing a glimmer on the final day, however the tone remained downbeat. The Eastern […]
Market stumbles to end of season
The end of the season produced a softer market with the Merino fleece the main culprit although the increased offering across the three selling centres didn’t help. With a larger offering, the clearance rate and pass-in rate were all higher this week was the highest pass-in rate since August 2023. The Eastern Market Indicator (EMI) […]
