The changes in the EMI in US and Euro currencies since mid October are now 221¢ US (+39.9%) and 128 Euro cents (+29.0%). In a two day sale, the AWEX EMI rose by 1¢ on Wednesday and by 2¢ on Thursday. The Western Indicator fell by 1¢ on Wednesday and rose by 4¢ on Thursday.
Although easing slightly in US terms, it was a good market and the trade reports that it finished on a solid note. 16.5 to 18.5 average Micron Price Guides were up by around 6¢, while others were mostly unchanged or slightly up. Fleece wools were up apart from an easing in the medium types on Wednesday in the West, which was more than recovered on Thursday. Skirting types and oddments had another good week, particularly on Thursday. Crossbreds were also in good demand with their average Micron Price Guides being up by around 5¢.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 43,537 bales are currently rostered for sale. Current estimates for the following three sales vary from 47,200 to 51,732 a fall of 11.5% when compared with last year. This week's AWEX Five Week Forecast again indicated a slight easing in expected quantities compared with last week's forecast. China remains as the dominant buyer.
In South Africa, the Cape Wools Indicator rose by 1.8% against an increasing US and Euro exchange rates.
Australian Wool Innovation Limited
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
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