Recent business conducted with overseas mills saw the wool market gain ground last week.
The AWEX Eastern Market Indicator gained 25 cents a kilogram and then eased 6c/kg on Wednesday and Thursday respectively, to close off at AU1574c/kg or US1070c/kg.
Compared to this same point last year the AWEX EMI is sitting 207c/kg lower, where the EMI closed off on November 15, 2018 at 1781c/kg.
This week's market strength saw buyers flow online, with 755 bales selling on AuctionsPlus Wool.
Online, 16 and 17-micron fleece wool sold to 1555c/kg and 1499c/kg (greasy) or 2079c/kg and 1985c/kg (clean).
The 18 and 19-micron fleece wool sold to 1425c/kg and 1365c/kg (greasy) or 1926c/kg and 1813c/kg (clean).
While 20 and 21-micron fleece wool sold to 1345c/kg and 1240c/kg (greasy) or 1740c/kg and 1717c/kg (clean). 17 and 18-micron Merino pieces sold to 1075c/kg and 1110c/kg (greasy) or 1759c/kg and 1708c/kg (clean). 19 and 20-micron Merino pieces sold to 890c/kg and 700c/kg (greasy) or 1581c/kg and 1452c/kg (clean).
The top price lot online this week was a line of 15.9-micron AAA Australian Superfine wool.
This lot was offered by Australian Wool Network.
It was 73 millimetres in length, with 1.8 per cent vegetable matter, was branded ROYSLEA J ON ITS SIDE IN A CIR, and sold for 1600c/kg (greasy) or 2192c/kg (clean).
The top priced lot of pieces was a line of 16.3-micron which was branded FISHINGTON/NE, offered by Landmark Sydney and sold for 1355c/kg (greasy) or 1944c/kg (clean).
The current yo-yoing of the market is seeing the "lucky" growers catching the market on an upswing and the "unlucky" growers hitting the market on a downswing.
This is offering no consistency for growers, brokers or buyers alike.
