The Australian wool markets continued in a generally positive direction this week, although the all too common roller coaster pattern became evident by the close of selling.
Australian wool markets continued the push this week into positive territory, with the psychological 1000acents AWEX Eastern Market Indicator being breached handsomely, after spending the past few weeks languishing under this mark.
A welcome and overwhelming change to the wool markets across Australia was witnessed this week, with prices for all types and descriptions on offer appreciating by as much as 45acents.
Another very soft market for all types on offer at Australian wool markets this week.
After a reasonably stable and strong commencement to the wool selling week, the final day's auctions soon saw the market significantly retreat into negative trending once again.
Wool auction sales were held this week with all three centres operating across Australia.
The AWEX Regional Indicators finished 5.6% lower, on average, at sales in Sydney, Melbourne and Fremantle this week.
The Australian wool auction markets continued on the downward trend again this week, with all wool types on offer showing losses in their price points.
Wool auction sales continued this week on the weakening trend basis we have been experiencing over the past two sale series.
In a relatively small volume of just over 40,000 bales, all prices for the Merino fleece sector failed to capitalise on the dearer trend set last week and losses of 25 to 50acents occurred.