Market Intelligence
Weekly Wool Market Commentary
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2024-S52
Week S52: 25/06/2025: The AWEX EMI closed at 1207c, recording no change from last week’s level in auction sales across Australia. A total of 29,848 bales were offered nationally, with 92.6% cleared to the trade. In US dollar terms, the EMI closed at 784c, up 1 USc. Despite the small overall movement in the EMI, the majority of Merino MPGs broader than 18 MPG suffered losses. Notably, the 19 MPG in the Northern selling centre experienced an "out of step" 39c drop, pushing it below 1500c for the first time since early March. Thankfully, stronger demand for Crossbreds and Merino Cardings helped balance out the losses in the Merino MPGs, keeping the EMI firm. The number of poorly specified lots has been identified as a contributing factor to the weaker price results in the Merino fleece categories. Competition came primarily from the largest Chinese Topmakers, with the two largest buyers securing approximately one-third of the Merino fleece lots sold.
Merino Fleece
Experienced weaker market sentiment, with the most significant falls occurring in low-yielding lots. Trading exporters found it difficult to compete with large Chinese processors, particularly on drought-affected, lowyielding wools. However, best-style and well-specified lots, including RWS-certified clips, continued to command premiums. RWS-certified wool has regained interest, partly due to the South African wool market being in an eightweek recess. Traders struggled to match the strength of the Topmakers in this category.
Merino Skirtings
Opened with modest gains on Tuesday, but these were not sustained and were reversed by Wednesday. Low-VM lots with strong bulk and style continued to attract premiums, in line with trends over the past five months.
Merino Cardings
Improved across all selling centres: Sydney added 3c, Melbourne added 12c, and Fremantle added 6c.
Crossbred Fleece
Crossbred Oddments
Crossbreds
Benefited from an improved selection and strong competition, particularly for FNF stylish fleece, which rose by 15 to 24c on Tuesday and held those gains into Wednesday. There was heated competition for well-classed fleece lots measuring 90–110mm. European and Indian buyers were particularly active on well-specified, low CVH lots, further lifting prices.
Next Week
Looking ahead, the first sale of the 2025–26 season will offer 30,351 bales across all three centres. Fremantle will sell only on Tuesday, while Sydney and Melbourne will conduct sales on both Tuesday and Wednesday. Although early market intelligence suggests little or no change is expected before the Australian wool sale recess in a month's time, realistically, I do not anticipate any significant shift in the current price trend in the short to medium term. ~ Marty Moses.
Graphs
Market Commentary
Market Commentary: As we close out the 2024–25 selling season, key year-on-year statistics show:
• The EMI closed at 1207c, up 5.7%
• In USD terms, the EMI closed at 784c, up 2.8%
• 1,565,809 bales were offered, a 14.5% decline
• Superfine Merinos closed at the 17th percentile
• Fine/Medium Merinos closed at the 47th percentile
• Broader Merinos and Crossbreds operated around the 80th percentile (5-year average)
• The total dollar value of auction sales reached $1.94 billion, down 15.4% from the previous season