The EMI finished week 42 at 1292c, down 9c on the previous week. The positivity that crept back in on the previous week was essentially erased.
The passed in rate, which was below 15%, returned to 23.1%. Online activity remained strong, with 448 bales selling online. 16µ and 17µ micron fleece wool sold up to 1200c and 1285c greasy or 1742c and 1732c dry.
18µ and 19µ micron fleece wool sold up to 855c and 880c greasy or 1427c and 1232c dry, while 20µ and 21µ micron fleece wool sold to 990c and 865c greasy or 1452c and 1343c dry.
The top priced lot sold online was a line of 17.1µ micron AAAA Merino fleece wool. This line had a low 0.5% vegetable matter and was 94mm in length. The lot was offered by Nutrien Wool, branded NGH/LANGI-LOGAN/ASWGA 476 and sold for 1285c greasy or 1732c dry.
Last Thursday saw AuctionsPlus run its first online wool auction. There were over 44 lots offered by wool brokers Elders, Nutrien, Australian Wool Network and Jemalong Wool.
Online the sales saw an overall 61% clearance with 10 buying companies bidding throughout the sale, in addition to this, there were 30 other partiers including buyers, brokers and growers watching the sale. Post auction approx. 50% of passed-in lots have since been sold.
The top prices included:
– 15.9µ micron fleece wool selling for 1206c greasy, branded ASHMORE, offered by Elders Wool
– 17.3µ micron merino pieces selling for 996c greasy, branded JEMALONG, offered by Jemalong Wool
– 17.9µ micron merino crutchings selling for 806c greasy, branded JEMALONG, offered by Jemalong Wool
– 18.9µ micron merino bellies selling for 555c greasy, branded D/KI, offered by Nutrien Wool
Looking forward week 43 sees the second online wool auction held by AuctionsPlus. Brokers listing in the sale opening at 10am on Thursday 23rd April, include: Australian Wool Network, Jemalong Wool, Nutrien Wool and RuralCo Wool.
There are 31,517 bales on offer for this weeks live auctions. This almost doubles the offering of last week, which could add further stress to the EMI.