Auction clearance rates fell in line with the easing market trend. It was a smaller national sale as well with around 38,000 bales eventually sold to the trade with a passed in rate of 9%. There were very few bales of reasonable performing fine wool below 18.5 micron to gauge market movement in this sector. While market indicators finer than 18.5 all eased, this would be accentuated by a reduction in the overall quality of the offering. We remain confident that any good performing and good specification wool will remain keenly sought after in very limited quantities in the short term and in fact remained fairly stable in an overall poor performing market trend.
compared with 01/03/2018
If you want to learn more about AWEX indicators, visit the official web site http://www.awex.com.au
|SCHNEIDER INDICATORScompared with08/03/2018|
|15 MICRON (*)||3717||0.00|
|(*) Marketed from September to March|
Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it's not influenced by currency fluctuations.
Wool indicators are anyway based on Australian Dollar.
If you want to learn more about SCHNEIDER indicators CLICK HERE
Ultimately there was going to be factors that put downward pressure on wool prices from these historically high levels. It was a matter of when. But how far and for how long will the easing trend continue? There seemed a little more interest as the sale progressed yesterday around 20.0 / 21.5 micron and for all better specification wool. Traditionally when the market eases like this, there is an over correction. The first types to be affected are the poorest quality lots or those not prepared to the industry Code of Practice standards. We can only encourage wool growers to maintain best practice as now is the time that best practice is well rewarded.
|SELLING CENTRES FOR WEEK 37|
|SELLING CENTRES FOR THE NEXT WEEK 38|
If you want to see the complete Wool Sales Roster CLICK HERE