Weekly Market Report
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With Mark Dyson, Managing Director
October 7, 2011
Subdued market continues
THERE’S been little change in the wool market this week, with the uncertain global conditions still prevailing.
The falling price trend continued at early sales, but it was at least encouraging to find some stability toward the end of the week.
Buyers have continued to be cautious, while the absence of European activity and national holidays in China has not helped the market.
The Eastern Market Indicator closed at 1164 cents per kilogram clean.
The pass in rate was understandably high at about 21 per cent of the 45,122-bale offering.
Finer Merino fleece wools continued to be most affected and crossbred types again remained firm.
Just under 44,000 bales is expected to be auctioned nationally next week.
The trade is looking forward to Chinese buyers returning from their holidays.
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- April 23, 2010
- April 16, 2010
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- March 26, 2010
- March 19, 2010
- March 12, 2010
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- February 26, 2010
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- January 29, 2010
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- January 15, 2010
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