AWEX wool Indicator down 2% from previous week

23 Apr '12

4 min read

The skirtings offering continues to be quite mixed, with a significant number of lower types such discoloured, cotty or with high VM wool again on offer; and noticeably so on Thursday. Better types were in good demand, but the poorer types were all discounted. Skirting types again had a higher pass-in rate (26.8%) than fleece types (14.4%).

Crossbreds once again had a better week than Merino types and also did better than New Zealand where the market was quoted as down by 3 to 5%. Oddments had a mixed week, but generally moved downwards.

Buyers for China were dominant this week, followed by strong support buyers for Europe, India and Taiwan.

Sales will be held in Sydney, Melbourne and Fremantle next week, when 41,616 bales are currently rostered for sale. Present estimates for the following two sales (Weeks 44 and 45) are 44,030 and 40,000 bales, respectively; a decrease of 6.3% over the three sale period when compared with last year.

In South African sales, the Cape Wools Indicator was down by 0.3% since last week against a 0.8% depreciation of the Rand against the US Dollar and a 0.1% depreciation against the Euro. 10,580 bales were on offer.

Australian Wool Industries Secretariat Inc (AWIS)

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