Fine micron types dominated by a generally inferior selection eased a little this week while the medium and broader micron merino wools were again keenly sought after. Demand for 21.0 micron in comparison to the current availability is causing this incredible surge in price. Just 20 to 30 cents separate 19.0 and 21.0 micron leaving 18.5 / 19.0 micron as the best value wool on the market at the moment. There are some variables in prices between markets. This is typical in a rapidly moving market and the small national offering is only exacerbating this trend.
compared with 07/06/2018
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|SCHNEIDER INDICATORScompared with07/06/2018|
|15 MICRON (*)||-||-|
|(*) 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.
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21,000 bales are available nationally next week. Just a few weeks ago this would have been considered a small Melbourne sale. These supply conditions are vastly different to anything experienced in recent memory and the market is reacting accordingly. There still seems some are waiting for a market correction but a variety of indent order buying instructions for as little as a few hundred bales will ensure short term volatility.
|SELLING CENTRES FOR WEEK 50|
|SELLING CENTRES FOR THE NEXT WEEK 51|
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