Email of the day on wool prices
Comment of the Day

December 20 2016

Commentary by Eoin Treacy

Email of the day on wool prices

I was looking for the up to date fine wool chart in the soft commodities section of the chart library. It seems that it has stopped updating in February 2014? Is it possible to rectify this please? Thank you and Happy Christmas

Eoin Treacy's view

Thanks you for this inquiry which may be of interest to other subscribers. Unfortunately, ASX no longer quotes wool futures which is why the price stops in 2014. Following an extensive search on Bloomberg there are no wool futures contracts quoted on any exchange. There is a spot price quoted by the Australian Wool Exchange representing the Annual Wool Selling program which has end-of-week pricing and is updated on Fridays.  

The long-term chart exhibits a general upward bias and a progression of higher reaction lows has been held within this year’s range. A sustained move below A$13 would be required to question medium-term scope for additional upside. 


Back to top

You need to be logged in to comment.

New members registration