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-S35
Week S35: 26/02/2025: The AWEX EMI closed on 1195c, up 11 at Auction sales in Australia this week. From the 39,792 bales offered, 94.2% cleared to the trade. As the week progressed the AUD exchange rate with the USD weakened trading from highs of from 63.37 USc and settled as low as 62.87 Usc, aiding the purchasing power (next week) of our major export customer. Buying was dominated by the three large Australian based Trading exporters with murmurs of new forward contracts being written, allowing the continuation of the positive emotion felt in the sale rooms late last week! It seems the fluctuating quantity week to week is having an impact on competition, who are becoming nervous about the future of supply coming onto the market, as reported in the latest somewhat negative wool production forecasting.
Merino Fleece
Sydney conducted its first Super Fine Series for2025 with widespread buyer support for the choice and superior super fine types on offer. The largest rises were measured in the 17.5 MPG Which added 42c for the week, whilst most other MPG's added 20-25c. Lots falling outside the Chinese standard specification remain more difficult to value and sell at levels somewhat near the types that meet Chinese and European orders.
Merino Skirtings
This week we experienced the continuation of premiums paid for the best specified merino skirtings whilst discounts widened for the average and poor style and heavy VM Skirts on Tuesday. Wednesday saw a recovery of these losses, with some lots surpassing last week’s levels by the close.
Merino Cardings
Crossbred Fleece
Crossbred Oddments
Also remained fully firm on last week’s levels! Whilst off spec types and lots containing hard heads can sometime be neglected, it was a really solid week!
Crossbreds
The best specified crossbreds remained fully firm on last week’s levels however anything outside of the preferred specification for the standard orders is trading at an 80-100c discount! XB lambs and oddments continued to be a lucky dip, and fully dependent on the visual and measured specifications for an increasing number of orders.
Next Week
Next week national offering totals 34,697 bales the talk amongst exporters looking forward to the weekly offerings remining under 40,000 bales to aid a rally in demand and price! My guess is that it could be a choppy market over the next month or two! ~Marty Moses.
Graphs
Market Commentary
Market Commentary Quoting Awi's market intelligence unit "the buyer’s ability of further selling opportunities into an expected rapid declining supply is rapidly rising. Auction markets largely rely on a good dose of confidence through the entire supply chain to achieve sustainable price levels for producers! Sadly, the confidence over the past few seasons has progressively dwindled and has been almost non-existent for the past 12 months! AWI reported this week that a semblance of confidence is starting to appear with many of the overseas traders and early-stage processors reporting having realised the losses of the past few years from old stock and their books, are now returning to a more balance stock position. It's thought that their focus is now set on new opportunities in the wool market and hopefully see a return to profitability in what is believed to be an improving global economy.