In the first week of September, the Australian wool market—covering Newcastle, Melbourne, and Fremantle—saw a modest 1.1% increase in prices, with a more significant 2.1% rise in dollar terms. This upward trend was supported by strong buyer interest and a relatively tight supply.
The week saw a total of 35,484 bales reported, down from 38,080 bales the previous week, reflecting an outflow rate of 8.3%. Among the key ports, Newcastle experienced an 8.3% drop, while Melbourne saw a steeper decline at 8.8%, and Fremantle recorded the largest fall at 14.7%. Merino wool and skirting wool also faced outflows, with rates of 8.2% and 7.4%, respectively.
Before the auction, 885 bales (or 2.4% of the expected 36,369 bales) were withdrawn, reducing the available supply. Of the remaining bales, 9.9% were actually offered for sale, resulting in 32,539 bales being sold during the week.
This week’s U.S. economic data exceeded expectations, leading to a stronger U.S. dollar, which had a ripple effect on global commodity markets.
On Wednesday, the market opened with strong momentum, driven by robust competition among buyers. In Newcastle, demand for fine wool was particularly high, with yarn factories showing increased activity. The 16.6-micron wool AWEXMPGs rose by 135 points, while 17-micron wool gained 94 points. The highest bid came for 12.8-micron wool, reaching 8,000 points, though the volume remained limited.
On Thursday, spinners slightly reduced their offers, but top-quality wool maintained its price level from the previous day. While the fine wool market showed strong gains, the increases were more moderate compared to earlier weeks.
With the U.S. dollar strengthening, the EMI index climbed by 27 points in dollar terms.
Demand for rough wool remained solid over the past two days, especially in Newcastle, where buyers were actively seeking high-quality fiber. Fine wool continued to attract strong interest, with AWEX prices rising by 50 points on Wednesday and 20 points on Thursday.
Prices for fur wool in northern markets stayed largely stable, while southern markets saw a slight weakening on Thursday. Demand for broken wool was steady, with mixed results across different grades. The average AWEX Merino price index increased by 5 points, or 0.8%.
Chinese buyers once again dominated the market, followed closely by European and Indian participants. Italian buyers were also active in Newcastle, particularly in the ultra-fine wool segment. Chinese buyers proved highly competitive in securing premium wool, highlighting their growing influence in the global wool trade.
Overall, the market remained dynamic, with strong buyer participation and a mix of positive and cautious sentiment across different wool types and regions.
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