AUSTRALIAN wool prices finished generally higher this week, in the final sale series for 2018 for a three-week recess, with strong buying from major traders, Chinese and European buyers and processors.
AUSTRALIAN Merino wool prices rebounded this week, but crossbred fleece values fell by up to 130 cents, prompting seller resistance.
AUCTIONSPLUS Wool followed the physical market to last week experience solid demand for its online offering, and especially for cheaper crossbred lines.
FLAGGING Chinese domestic demand for woollen garments has been partially blamed for Australian wool prices this week, which lifted for fine crossbred and Merino fleece, and for skirtings, but fell for medium Merino types.
ONLINE wool sales increased last week as overseas supply demands coupled with grower defiance at lower prices also led to an upward swing in physical auction rates.
AUSTRALIAN wool prices turned around this week, with rates for all fleece and oddment categories improving.
AUSTRALIAN growers held back more wool this week as unfavourable currency rates affected Chinese demand, sending auction prices generally 50-90 cents lower.
AUSTRALIAN wool prices rose to new historic levels this week, underpinned by unrelenting demand for the limited quantities of 18-22 micron Merino wool available.
ONLINE wool sales have dried up as fewer lines are passed in at Australia’s booming physical sale-by-sample auctions.
WOOL officially became a $20 a kilogram fibre in Western Australia this week with the state auction market’s indicator lifting 66 cents to an historic 2018c/kg clean.