
Southern Aurora Markets partner Mike Avery.
“If you always do what you’ve always done, you’ll always get what you’ve always got.” – Henry Ford.
IT was a strong week for the spot auction wool market this week.
Stimulated by a robust USD, tight supply, and improved demand the key price indices for 19 and 21 micron wool and the Eastern Market Indicator all breached levels not seen since May2023.
The forward market had pre-empted the rise and traded early in the week for the spring flat to cash, with the 21 micron contract at 1455 cents. That confidence was franked Tuesday and Wednesday leading to stronger bidding across the microns for April, May, and June.
Sellers remain hesitant to commit with offering interest mainly focused on spring.
Tight supply and a momentary strong dollar USD are helping the wool prices battle against the headwinds of drab demand and ever-increasing anxiety over the potential of a trade war and the subsequent fall out.
Hopefully, we will see a more opportunities on the forward markets next week as buyers and sellers look to add some certainty to their positions.
Trades this week
21 micron September 2025 1455 cents
Source – Southern Aurora Markets.
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