Week 44 - May 2022
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 3rd May & Wed 4th May 2022
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 44: 6th May 2022
Currency Movements
Currency Movements
Sales Week 44: 6th May 2022
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
Stronger competition featured at this week’s Australian wool auctions with all types and descriptions on offer attracting better price levels. Widespread interest from the trade from the outset of selling ensured dearer levels prevailed and in fact the market was at the highest point at the conclusion of selling, which usually augurs well for the immediate term looking forward.
The Eastern Market Indicator (EMI) closed 24ac higher to move to 1401 ac/clean kg, whilst the EMI when expressed in USD appreciated similarly by 1.9% or 19usc to close the week at 996usc/clean kg. The WA centre outperformed both the eastern centres to see the Western Market Indicator (WMI) close 43ac or 3% higher 1473 ac/clean kg by the close of selling. The national auction markets cleared 94% of what was offered.
Due to the vastly reduced price in USD to buy wool due forex rates, most buyers were expecting a dearer market and this is exactly what resulted. All buying sectors were active, but it was the traders who led the charge on the first day and dominated all sectors. After a relatively quiet day, the top makers, manufacturers and indent operators lifted their purchasing intake on the final day to buy more lots but at higher prices and still under pressure to do so from the trader competition.
Prices were consistently rising throughout selling and concluded with Merino fleece and skirtings 30 to 50ac dearer and all other types 5/10 dearer. Next weeks sales will offer around 43,000 bales.
