The nationwide pass-in fee remained excessive, with a fee of 24.6%, with Fremantle once more recording the heaviest resistance at 32%. Sydney and Melbourne adopted at 27% and 20% respectively. Nationally, 37,919 bales have been provided, with solely 28,589 offered. Western costs mirrored the east, with the Western Market Indicator falling 68¢ to 1588¢/kg clear, its lowest stage since July.
Within the east, the 17 MPG fell 89¢ to 2083¢, the 18 MPG dropped 96¢ to 1932¢, and the 19 MPG misplaced 100¢ to 1751¢. The 19.5 MPG completed 84¢ decrease at 1702¢, and the 28 MPG slipped 35¢ to 645¢. Cardings have been additionally weaker, closing at 771¢ within the south and 829¢ within the north, down round 20 to 30¢ for the week.
Within the west, costs mirrored the east with the 17.5 MPG down 87¢ to 1985¢, the 18 MPG 95¢ cheaper at 1920¢ and the 19 MPG off 88¢ to 1760¢.
The Australian greenback softened in opposition to most main currencies to US65.15¢ (-0.85¢), although it held regular in opposition to the New Zealand greenback following a fee reduce by the RBNZ. Regardless of the weaker foreign money, exporter demand remained muted at present worth ranges. However, the EMI sits 28% above year-ago ranges in Australian greenback phrases and 25% greater in US greenback phrases.
This week in Mecardo, Andrew Woods examined macroeconomic alerts shaping near-term wool demand (see article right here). He highlighted the inverted US 5-year yield as a lead indicator for firmer costs into autumn 2026, whereas additionally noting that bettering German Ifo knowledge continues to assist the wool outlook.
