Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
December 2, 2005
Market holds steady
THE eastern market indicator remained unchanged this week to close at 648 cents per kilogram.
Of the 50,795 bales offered, 12.7 per cent was passed in.
There was movement within the market, with prices for some types rising and other types falling.
The market struggled on the first day before recovering on the Wednesday and Thursday.
Poor prices received for wool offered in China on the Monday was the main reason for the poor result on the Tuesday.
Southern Region
Wools finer than 21 micron eased slightly again, while broader types strengthened.
Merino skirtings struggled again, crossbred types generally remained unchanged and most carding types fetched an extra 10c/kg.
About 70,000 bales have been rostered for sale next week at all three centres. The big offering is likely to test the market.
Finer wools could ease further, with the broader end remaining steady.
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Trading
Manager Adrian Field
takes a look back - for a better wool
future!
Read more... |
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