The wool market gained last week with the AWEX Eastern Market Indicator up 26c on Tuesday then rising a further 28c on Wednesday to close out the week at 1198c/kg, or 892c in US dollar terms.
The market continues to strengthen following last week’s close as strong widespread demand helps push prices higher.
All sectors saw an increase in demand as the week’s pass in rate sits at 5.1%, a continued positive shift after last week’s 10.5% pass in rate. Next week will see the final auctions for the calendar year as sales will recess for three weeks.
Online Offer Board Results
The AuctionsPlus online offer board had strong growth this week with a total of 1,710 bales sold for the week.
The 16µ micron wool sold to a top of 1565c/kg greasy or 2115c/kg dry. With 465 bales of 19µ micron wool selling to a top of 1020c/kg greasy or 1351c/kg dry.
The top priced lot was 15.5µ micron Merino Fleece AAAM wool which sold for 1700c/kg greasy or 2351c/kg dry.
This lot is “D & N MULGRAVE” branded with 0.6% vegetable matter, 74mm in length and was offered by Australian Wool Network.
-AuctionsPlus