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Weekly Market Report

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With Mark Dyson, Managing Director

December 9, 2011

Up, down trend continues

THE up and down trend of the wool market continues to prevail, with the price pendulum swinging downward this week.

The Eastern Market Indicator eased 25 cents per kilogram to finish at 1168c/kg clean.

A near 1c rise in the Australian dollar against the Greenback didn’t help things, however, buyers also are becoming more selective in their purchasing leading toward the Christmas selling break.

A larger offering of a little more than 50,000 bales was put under the hammer this week, with the pass-in rate climbing to 15.4 per cent.

Most Merino fleece wools dipped by 15-20c/kg.

Skirtings were on a similar path, however the price falls were not as sharp. Better style skirtings largely maintained their levels, while support also was maintained for burry types.

Crossbred wools slipped by 5-15c/kg on each selling day as well, while oddments were similar to the fleeces, shedding 15-20c/kg for the week.

A similar size offering of just over 49,000 bales has been rostered for auction next week, which marks the final sale of the calendar year.

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