Weekly Wool Prices

Week Ending 12 February (Week 33)

12 February 2016

The extremely positive results at this weeks Australian wool auctions underline the current strength of demand for the fibre. As shares, stocks and other commodity markets continue to falter across the world, wool is trending to a much more optimistic path. Prices in general appreciated through the entire offering, albeit in a smaller volume week and with the USD v AUD going in favour of buyers using USD. Giving further weight to the encouraging market signals is the fact that our major destination China was supposedly on holiday, but modern technology doesn’t allow complete freedom from business. The EMI (Eastern Market Indicator) gained 19ac/clean kg to conclude the week at 1284ac/clean kg and when expressed in US dollars, the EMI also increased by 3usc to 910usc/clean kg  as the local market rises outstripped the forex advantage gains

Click here to access AWI's Wool Weekly Market Report (PDF 578KB)