MOST Australian wool prices held relatively firm this week despite a higher $A-US exchange rate, as buyers secured supplies before the annual three-week recess.
AUSTRALIAN wool prices held their ground despite increased supplies on the auction market this week. AWEX’s rebased benchmark Eastern Market Indicator closed the week down one cent to 1524c/kg clean.
AUSTRALIAN wool prices finished at a record season-ending level this week, despite buyers pulling Merino rates back in expectation of larger auction offerings next month.
BROADER Merino and comeback wool continued to dominate online Wooltrade sales last week.
WOOL prices surged for the smallest seasonal bale offering this year at auctions in Sydney and Melbourne this week. The AWEX Eastern Market Indicator rose 27 cents to 1533c/kg clean as brokers offered 22,298 bales.
IT was an interesting week on the wool forwards market. Volume was moderate in a week where unprecedented spring levels where paid.
RENEWED European interest in quality superfine wool and Chinese demand for medium Merino lines with lower vegetable matter content pushed prices generally higher this week.
RENEWED demand for quality Merino wool mid-week lifted prices at auction this week. The AWEX Eastern Market Indicator closed six cents higher on 1478c/kg clean, brokers passing in 9.1 percent of the 24,018-bale offering in Sydney and Melbourne.
WOOL prices generally softened further this week, and especially for fine Merino clips, as retail demand traditionally slowed with the advent of the Northern Hemisphere, Australian Wool Innovation said.
AUSTRALIAN wool prices faltered this week as buyer interest in superfine wool waned, according to Landmark wool technical officer Phillip Lipscombe.