Market Intelligence
Weekly Wool Market Commentary
Moses & Son is committed to providing our valued customers the most current information and data to empower your decision-making process. Discover our latest Australian wool market weekly update below, along with archived reports for your perusal and analysis.
2024-S34
Week S34: 19/02/2025: The AWEX EMI closed on 1184c, down 8c at auction sales in Australia this week. From the 41908-bales offered this week, 91.8% cleared to the trade. After last week’s heavy losses, the Merino Fleece market struggled to find a new price basis early in the opening day of selling. The AUD gained .7c with the highly anticipated RBA announcement a .25% rate cut materialised on Tuesday. The EMI in USD terms gained 4c, which was a better reflection of the market sentiment. The EMI gave back another 12c by Tuesdays market close. Wednesday saw a reversal of this trend with Wednesdays EMI showing signs of some increased volume in forward business interest emerging, albeit at what has been described as “Sharp pricing in the favour of the buyer not the seller.
Merino Fleece
Merino fleece that fell within the Chinese specifications were less impacted by the price falls on Tuesday however out of specification types were seemingly neglected and were generally passed in.
Merino Skirtings
Merino Skirtings continued to remain strong in relevance to their fleece counter parts, and the best specified and low VM types reestablished their solid premiums once again.
Merino Cardings
Merino Cardings remained strong across the three centers with the Northern MC adding 5c to last week’s price. XB oddments have also seen an increase in competition in the past month and this week I felt the prices were starting to establish some hope for the future months.
Crossbred Fleece
Crossbred Oddments
Crossbreds
Crossbreds the pressure of a stronger AUD and whilst the 30 MPG held within a few of last week the 28 MPG came under more pressure falling away 12c. Once again if the style and specifications were within the sweet spot the prices held relatively well, outside of these specifications there is a relatively large discount.
Next Week
Next week offering remains relatively steady with the current estimates at 41,029 bales rostered nationally. One would hope for a slightly better week in the sale rooms next week. ~ Marty Moses.
Market Commentary
Market Commentary A (less desirable) feature of the market is the compressed price ratio between 18.5 µ (1492) and 21µ (1408) which has reduced to about 4.5%. This price basis reflects the struggle to increase demand at retail.