Australian Wool Market finished the week 0.6 percent lower, on average, at sales in Sydney and Melbourne, while Fremantle was in recess.
AWIS (Australian Wool Innovation Sales) reports about the AWEX EMI decreased by 4¢ (-0.5 percent), ending the week at 725¢/kg clean. This reflected decreases of 4¢ (-0.5 percent) in the North and 4¢ (-0.5 percent) in the South, with their corresponding Regional Indicators finishing the week at 738¢ and 713¢ clean respectively. The Western Indicator remained unchanged at 701¢/kg clean, as there was no Fremantle sale.
The EMI is now 92¢ (14.5 percent) above the closing value at sales prior to Christmas, but 29¢ below the season peak of 754¢ achieved in the second sale in March.
36,305 bales were on offer (compared with 51,983 last week), of which 12.8 percent of the bales offered were passed in, comprised of 13.4 percent in Sydney and 12.4 percent in Melbourne.
Pass-in rates for Merino fleece and skirtings were 13.8 percent and 13.5 percent respectively. 930 bales (2.5 percent) were withdrawn prior to sale and re-offered wools made up 15.6 percent of this week's offering.
The New Zealand Merino Company offered 958 bales on Thursday, including 26.9 percent of re-offered wool. The pass-in rate was 31.3 percent.
The US exchange rate decreased by 0.10¢ on Monday when compared with the previous Thursday; increased 0.25¢ on Tuesday, decreased by 0.02¢ on Wednesday and increased by 0.08¢ on Thursday to close at 74.03¢, up 0.21¢ (+0.3 percent) since the last sale.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
