WEEKLY MARKET REPORT

Week Ending 8th June, 2018

AWEX Northern Micron Indices Comparison

HAVE WE REACHED THE PEAK?

After four weeks of continued large price increases the wool market has cooled slightly this week in the smallest offering of the season, only 26942 bales were available to the buying trade.

Despite this smaller offering, a softer tone was evident from the outset. The losses were mainly the finer microns resulting in 19.0 micron and finer losing between 25 and 50 cents clean.

A very limited supply of 21 micron wools and broader attracted strong demand pushing prices up by 15 cents clean for these types.

The Eastern Market Indicator (EMI) lost 16 cents off the record set in the previous sale and closed at 2011 cents.

The skirtings also suffered 20 to 40 cents loss, however skirting wools carrying less than 4.0% vegetable matter were not as affected by the drop  in price.

Crossbred wools were also cheaper with 28.0 to 30.0 microns off by 5 to 15 cents.

It was very evident this week that poorly prepared and very dusty clips in all microns lost buyer support and were the hardest hit in the falling market.

Most carding types remained firm on a limited offering.

Quantities increase next week with all 3 centres selling and a roster of 28.956 bales, Macdonald and Co will offer 1081 bales Wednesday 31^st. Will we see more falls who knows.

Ag Concepts Fwd Prices as at 1 June, 2018

Main Buyers (this week)