Weekly Wool Prices

Week Ending February 27 (Week 35)

27 February 2015

When market indicators show a fall in the market that is never a positive sign, but Australian wool auction markets actually performed admirably this week. Numerous factors abounded this week that could have led to prices falling away dramatically, but all sectors showed considerable strength to resist. A strengthening Australian dollar, Chinese holidays and talks of diminishing stocks of local finances to purchase heavily at auction failed to dim the current demand, and as a result, only 2ac/clean kg was lost on the EMI (Eastern Market Indicator) for consecutive weeks to close out at 1088ac / clean kg.

Click here to access AWI's Wool Market Weekly Report  (pdf 610Kb).