The wool market experienced a slight increase last week with most micron price indicators having mixed movements across all selling centre’s.
It is reported from physical auctions that there is a shift in buyer sentiment and another positive week was seen. Reports from physical auction suggested buying on both days at the Southern and Western selling centres was steady to mixed.
The trend at the Northern centre was much more positive and saw prices increases across most micron price indicators.
This is backed by the AWEX Eastern Market Indicator as it fell 4c on Wednesday and then rose 11c on Thursday to reach 1542c.
The largest gains coming for 17µ to 20µ micron wools as demand for merino wool types has firmed. This sentiment at physical auction was reflected online as AuctionsPlus wool sold 515 bales.
Selling to a top of 1400c greasy or 2041c dry for a line of 16µ micron Merino fleece. Top price for 15µ micron merino weaner pieces wool was 1097c greasy or 1831c dry. Top price for 17µ and 18µ micron fleece wool was 1220c and 11176c greasy or 1889c and 1894c dry.
Top price for 19µ and 20µ micron fleece wool was 1304c and 11007c greasy or 1831c and 1792c dry. Top price for 21µ micron fleece wool was 1007c greasy or 1792c dry.
Crossbred fleece was topped by a line of 28µ micron fleece wool at 847c greasy or 665c dry. This week the supply remains steady based on previous weeks with 33,300 bales on offer.
It is still expected the market will continue along the same path as last week although, with 26 bales sold this week as of Tuesday morning online, early buying activity online may suggest a change in sentiment at physical auction this week.
The annual Nanjing Wool Market conference took place over the weekend in China, reports suggested a positive outlook and sentiment this year. Although with ongoing world trade issues the wool market will continue to balance on a knife’s edge.