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Latest Australian wool market auction prices!

Release time：

2023-05-18

Latest Australian wool market auction prices!
Australian Wool Auction 45 Week ( 2023/5/11)
The Australian wool market fell again this week, with the AWEX Eastern Market Indicator (EMI) closing at A$1284 per kg, down 26 cents from last week. On the one hand, national supply increased significantly compared to last week, with a total of 43,454 bales offered this week, an increase of 4,616 bales. On the other hand, the global commodity market was weak; and buyer enthusiasm weakened, making it difficult to maintain price increases. The Australian dollar continued to rise against the US dollar this week, so the EMI's US dollar price fell relatively less, only falling by 0.69% to close at 868 US cents/kg.

This week's supply was 43,454 bales, an increase of 4,616 bales compared to last week's 38,838 bales. The pass-in rate was 24.8%, a significant increase of 14.2% compared to last week's 10.6%.

The EMI (Eastern Market Price Index) in Australian dollars closed at A$1284 per kg (net weight) this week, down 26 cents/kg or 1.98% from last week's 1310.

The EMI (Eastern Market Price Index) in US dollars closed at 868 US cents/kg (net weight), down 0.69% (down 6 cents) month-on-month.

The EMI (Eastern Market Price Index) in RMB closed at RMB 60.13/kg (net weight), down 0.41% (or down RMB 0.25) month-on-month.

In terms of the price changes of various types of wool, there was a general decline this week.

The following are the detailed wool auction price data (in Australian dollars) for Sydney, Melbourne, and Fremantle:

Next week's auction is expected to have a supply of 48,757 bales.


https://mp.weixin.qq.com/s/T3UpHzlSM6wdT55N3e3WSA

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