Week 14 - October 2020
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 29th Sep & Wed 30th Sep 2020
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 14: 2nd October 2020
Currency Movements
Currency Movements
Sales Week 14: 2nd October 2020
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
Wool prices were unable to sustain the gains of the past three weeks and reductions across all types and descriptions were recorded this week. The urgency for prompt delivery abated somewhat, enquiry levels dropped and local volumes available at auction had pushed up allowing buyers more favourable purchasing circumstances.
The Eastern Market Indicator (EMI) retracted by 40ac or 3.9% to close at 996ac clean/kg. The USD EMI levels were similarly lower by 4.2% or 31usc to 708 usc cln/kg. Forex rates traded on comparatively very narrow ranges through the week and had minimal influence on domestic auction levels.
As the market price lowered, the buying became more widespread across type sectors. The Merino fleece remained very much a traders dominated market whilst the skirtings, crossbreds and cardings saw rejuvenated interest from first stage manufacturers and processors.
Merino fleece and skirting types lost half of the gains of last week and fell by 40 to 70ac generally. Crossbreds depreciated by 20 ac. Cardings were the most resilient of sectors and sold generally unchanged but did tend toward the buyers favour.
Next week all three auction centres are operational and current rosters have around 34,500 bales being offered.
