In a three day sale in Newcastle and Melbourne, the AWEX EMI, rose by 1¢ on Tuesday, by 1¢ again on Wednesday and deceased by 3¢ on Thursday. The Western Indicator, in a two day sale, decreased by 5¢ on Wednesday and remained the same on Thursday.
In a market which included Newcastle superfine wools and some fine spinners types from Tasmania, the better fine fleece wools Merino fleece types were in strong demand. One 13 micron lot sold 26,000¢ in Newcastle on Tuesday. Medium and broader Merino types eased slightly over the week and the market generally finished on a softer note last night.
Skirtings sold well in the North and the South but eased in the West when compared with last week. Crossbreds were generally unchanged in the North, but eased slightly in the South before recovering over the next two days. Oddments were unchanged or moved slightly upwards over the week.
Buyers for China and the topmakers were dominant with the Newcastle sale attracting the expected strong support from buyers for Italy.
Sales will be held in Sydney, Melbourne and Fremantle next week, when 70,745 bales (including 5,200 bales of New Zealand wool) are currently rostered for sale. This is the largest offering to date this season.
The current forecasts over the following three weeks show likely offerings of 47,000 (no Fremantle sale), 64,000 and 65,000 bales.
In South African sales this week, their market was quoted as unchanged, with a stable Rand.
Australian Wool Innovation Limited
marketing@alchempro.com
