Market Comment
Market increase on solid demand
The positive signs noted towards the end of last week delivered an increase in the wool market this week on the back of solid demand.
Robert Herrmann
September 24, 2021
The positive signs noted towards the end of last week delivered an increase in the wool market this week on the back of solid demand.
A correspondent asked this week about staple strength in 17 micron wool, and whether there was a significant or critical level with regards to price.
It would be fair to say if you are from southern Victoria, into south east South Australia, and look over the fence as driving around
It was a cautious market from the open, with buyers reluctant to support the levels of last week. The positive note for the week was
Cashmere is the big luxury fibre, for which the 16 micron wool price trades at a ratio between 0.1 and 0.2 (10% to 20%) as
Change in supply does not explain all of the changes seen in micron premiums and discounts, but it does explain a lot of it. The
The Textile Exchange has done an excellent job in selling RWS to the downstream section of the supply chain, with demand popping up in Australia
With reports that significant export orders were secured before this week’s sale, the expectation was that the market would be stronger. This was in fact
Pricing in the greasy wool market has been extremely tricky in recent months with high vegetable fault levels leading to extreme discounts, while at the
The wool market was again showing a weaker tone across the week with buyer sentiment remaining subdued. AWEX noted that the final day there were
The AWTA provides monthly volume data which captures most of the wool produced and sold in Australia, thereby providing an excellent measure of production. This
The challenge when looking at commodity prices is to identify and then disentangle quantifiable effects, such as a trend in supply or changes in other
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