Weekly Wool Prices

Week Ending 16 September (Week 11)

16 September 2016

This weeks Australian wool auction sale results were again strongly directed by the erratic Australian dollar (AUD). A staggering fall of around 3% in value against the USD greeted the start of the selling week, which saw all prices across the board lifting substantially in AUD values. Lack of follow up orders though quickly extinguished the push and prices began to ease across the selection. The lack of keener interest from Chinese indents spooked the market, especially given the advantageous rates in play for these overseas users. Basically the first day was dearer and the second day firm to easier. This was reflected by the EMI (Eastern Market Indicator) movements which gained 11ac then dropped 5ac to conclude the week at 6ac higher at a level of 1311ac/clean kg.

Click here to access AWI's Wool Weekly Market Report (PDF 709KB)