The AWEX EMI managed a 4c rise to 1,251c after a shaky start to the week. The Southern market opened in isolation on Tuesday with an offering of Tasmanian, New Zealand and a small offering of mainland wool. This resulted in a lacklustre market environment with some falls of 10-15c experienced as exporters marked time until the other centres opened on Wednesday. Wednesday saw the complete reverse to Tuesday’s market drop gaining all of the losses and in some cases experiencing solid rises. By Thursday’s close the market had consolidated prices and a pass in rate from the 45,000 bale offering concentrated to the Southern and Western markets with Sydney clearing 96.5% of the offering.
It was the medium MPG’s that posted the best gains for the week whilst Crossbreds and Superfine lots were firm to marginally dearer. Skirtings were well supported and slightly dearer than the previous week whilst cardings experienced some price pressure with the northern MC indicator loosing 8c.
Next week is the last offering for 2015 as sales move to the recess of three weeks. The market looks very solid amongst a volatile currency exchange and lower production and a diminishing supply forecast. The 44,600 bale offering should be met with good support. We will wrap up the years performance in next weeks report.
~ Marty Moses