Crossbred wools lead gains in steady Australian wool auctions
Exporter sentiment remained subdued pre-sale, with limited reports of new business. This cautious tone translated into softer prices for a large share of Merino offerings, the Australian Wool Innovation (AWI) said in its commentary for week 1 of the current wool marketing season.
Crossbred types were the clear highlight, appreciating by 15 to 25 Australian cents as demand surged. Mid-micron Merino wools declined around 15 cents, while finer-than-18-micron and broader-than-20-micron categories gained between 5 and 15 cents. Carding wools also rose by approximately 5 cents, the AWI commentary added.
Australian wool market remained stable this week, with the Eastern Market Indicator showing minimal change, though it rose 1.3 per cent in USD terms. Exporter sentiment stayed subdued, impacting Merino prices. Crossbred wools stood out, gaining 15â€'25 cents, while carding and select Merino types saw modest increases. China's top makers led Merino buying.
China's top makers led buying activity in the Merino segment, supported by a major trader, while traders dominated purchases in other wool types.
Next week, approximately 29,000 bales are scheduled for auction across all selling centres.
Fibre2Fashion News Desk (KD)
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