Physical wool auctions returned after the Christmas recess last week and kicked off strong.
The AWEX Eastern Market Indicator was up 2c on Tuesday and rose a further 13c on Wednesday to close out the week at 1172c/kg, or 910c/kg in US dollar terms.
Prior to the break, it was unclear whether the market demand would be able to sustain the expected increased volume.
However, this weeks’ results suggest it has maintained the strength seen at the close of 2020.
All selling centres closed out the week up, with Melbourne experiencing the largest increase, up 16c to close at 1134c/kg.
Online Offer Board Results
The AuctionsPlus online offer board strengthened this week selling 1,188 bales for the period.
A total of 136 bales of 16µ micron wool sold up to 1580c/kg greasy or 2168c/kg dry and 15µ micron wool sold to a top of 1880c greasy or 2716c/kg dry.
The top price online was shared by two lots this week offered by Nutrien – New South Wales and are “CRESSBROOK” branded. One was a lot of 14.6µ micron Merino Fleece XXXULTRA wool which sold for 2200c/kg greasy or 3010c/kg dry with 1.7% vegetable matter and 90mm in length.
The second lot was 14.8µ micron Merino Fleece ULTRAXXXX wool which sold for 2200c/kg greasy or 3022c/kg dry with 1.7% vegetable matter and is 99mm in length.
-AuctionsPlus