Week 23 - December 2024
Eastern Market Indicator (EMI)
Eastern Market Indicator (EMI)
Microns
AWEX Auction Micron Price Guides
Sales held Tue 3rd Dec & Wed 4th Dec 2024
Offering (Aust. Only)
Offering (Aust. Only)
Sales Week 23: 5th December 2024
Currency Movements
Currency Movements
Sales Week 23: 5th December 2024
Forecast
Forecast
Scheduled Australian Wool Auction Sales
AWI Commentary
Australian wool auctions were a rather lack lustre affair this week. After a promising start to the weeks activity which saw most types trading to the sellers favour, the close to this week’s physical markets was operating under a degree of caution within the Merino sector. Most types began to falter and resulted in 5 to 10ac falls. Crossbred types acted contrarily to the Merino’s and opened cheaper but thence hit stronger competition to close slightly dearer. Carding types traded dearer throughout.
The Zhangjiagang Wool Industrial Association (ZWIA) held its wool conference last weekend, Zhangjiagang is by far the largest wool processing City globally. The demand signals emanating from the delegates was downbeat but the Chinese manufacturing sector remains faithful to Australian wool.
ZWIA Chairman Dr Michel Ji stated that “the domestic market demand is insufficient, and China’s foreign markets face many obstacles. Life is tough, but we live every day; business is hard, but we do it every year”. GM of Youngor Wool Textile, Mr Zhou informed that “uniform fabrics saw most orders cancelled due to policy changes starting in the second quarter. Next year is expected to be a “big year” for uniform fabrics, as large enterprises may shift from importing to domestic procurement. “
Conference host Mike Chu summed up by saying “To expand wool applications, we need to develop wool’s unique and functional characteristics and promote it effectively”. Full report on www.wool.com
Around 40,000 Australian grown bales are on offer next week. All three selling centres will operate to the usual Tuesday and Wednesday roster.
