Week 29 - January 2022
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 18th Jan, Wed 19th Jan & Thu 20th Jan 2022
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 29: 21st January 2022
Currency Movements
Currency Movements
Sales Week 29: 21st January 2022
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
Consolidation appeared to be result of this week’s Australian wool auctions when looking at the leading indicators, but large price movements across type sectors was the reality.
Super fine Merino wools finer than 17.5 micron were 40 to 70ac dearer, 17.5 to 18.5 micron put on a 10ac gain whilst all types broader than 19 micron dropped 10 to 20ac. Crossbreds fell away quite a bit by a margin of 20 to 30ac and most of the carding wool sectors were generally 10/15ac dearer by the close of selling.
Amidst the market adjustments, the Eastern Market Indicator (EMI) still managed a 3ac gain to 1392ac/clean kg level. In USD terms the EMI depreciated by 5usc as the forex rates against the AUD eliminated the small gains achieved in the local market. The USD EMI closed at 1008usc/clean kg. The Western Market Indicator (WMI) actually dropped by 3ac to 1436ac/clean kg.
The auction purchasing and market direction was once again set by the major locally based exporters. In fact, Australia’s largest exporter bought an impressive 26% of the Merino fleece and skirtings that were sold. Stronger Chinese top making interest and indent orders were seen on the Merino fleece to provide the stiffest of the competition and skirtings were fought over by mainly the traders and top makers.
The buying of the crossbred wool types was dominated by a Chinese indent who out bid the traders as the Euro purchasing interest of last week waned for the time being. Carding wools remain the domain of locally based processors and traders.
Next week sees a schedule of around 46,000 bales to be offered, with a split auction week selling on Tuesday and Thursday as the official holiday for the national day of Australia is on Wednesday.
