Friday, February 16, 2018
Take a little bit, give a little bit
This was a week of “toing & froing”; in early sales buyers tested the market to see if some of the gains from last week could be taken back. However, by the end of the week, buyers were forced to re-engage to secure volume.
Friday, February 09, 2018
Stunning recovery for wool
This AWEX report probably summed up the sentiment of the wool market this week – “The recent wool market decline halted in stunning fashion”. Every one of the AWEX reported indices posted an improvement, some of the increases had to be seen to be believed.
Friday, February 02, 2018
Tentative recovery for wool.
This week the wool market appeared to draw breathe after the sharp falls of the previous two weeks. It was the fine end that fared the best, and of note was the strong competition for sound wool with low mid-breaks.
Monday, January 29, 2018
Cardings take the heat
The wool market took a bit of a hit this week with most categories losing ground, with the exception of the very fine end. Cardings were hit particularly hard with the combined average fall for all three centres coming off nearly 200¢.
Friday, January 19, 2018
Buyers bid up for best style.
The wool market bubbled along at the higher rates reached last week, however, AWEX reported that this week buyers reverted to a more selective approach, in contrast to the past couple of sales where faults were overlooked.
Wool that exhibited good measurements & style (high tensile strength & low mid breaks) once again attracted strong bidding albeit on a limited supply.
Friday, January 12, 2018
New Year market continues positively.
The break in wool sales over the Christmas period proved positive with the opening sale of 2018 pushing higher across all Merino and fine X Bred types.
Buyers were able to secure new orders over the Christmas break, and also digest the potential of reduced supply in coming months.
Friday, December 15, 2017
Buyers enter the Christmas spirit
The Christmas spirit continued this week in wool sales with buyers bidding strongly from the Tuesday opening, before becoming slightly more subdued on Thursday. This resulted in strong week-on-week increases across the board, with the 32 MPG in Melbourne the only one to miss out.
This pushed the EMI to a new high of 1760 cents, adding 405 cents for the year – an outstanding 29.9% improvement.
Friday, December 08, 2017
A joyous wool market for all.
Christmas presents came early for wool sellers this week with a strong “across the board” result in all three selling centres. The strongest evidence of woolgrower satisfaction was the low pass-in rate of just 3.1% nationally.
It was noted in AWEX reports that “buyer interest intensified” to capture market share with only one selling week remaining prior to the Christmas recess.
Friday, December 01, 2017
An early shear brings pre-Christmas cheer.
With the Christmas recess looming the market regained some upward pressure this week as exporters tried to lock in their requirements. Fine and medium fibre prices built up gradually across the sales, while most of the crossbred market moved into negative territory.
Friday, November 24, 2017
What goes up, must come down.
After weeks of a glowing market that seemed to keep on rising with record on record, a peak was finally reached and the market edged over the other side. Nearly all categories and microns across the country retracted on the week, however it wasn’t enough to cause too much concern.