Weekly Market Wrap
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With Mark Dyson, Managing Director
October 2, 2009
Prices jump 30-50c/kg in strong market
THE wool market continued its strong momentum this week, with the Eastern Market Indicator jumping to a high 876 cents per kilogram clean at the finish of sales.
This was also despite a slight rise in the Australian dollar to 88.14 US cents from its level of 87-87.5 US cents last week.
Prices for most categories climbed 30-50c/kg, with the market trend now looking very positive for the short to medium term.
The low wool supply is the leading factor in the market equation, which should mean that medium types will out-perform finer wools. This may change as economic confidence returns and European buyers strengthen their position in the market.
The encouraging outlook does not necessarily mean the market won't pull-up, however, at various points.
Of the total 48,151 bales offered this week, 12 per cent was passed-in.
Next week, 49,610 bales are rostered to go under the hammer.
| RECENT ISSUES |
 September 25, 2009 |
| September 18, 2009 |
| September 11, 2009 |
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| August 28, 2009 |
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| July 10, 2009 |
| July 3, 2009 |
| June 26, 2009 |
| June 19, 2009 |
| June 12, 2009 |
| June 05, 2009 |
| May 29, 2009 |
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| December 19, 2008 |
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| December 5, 2008 |
| November 28, 2008 |
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| November 14, 2008 |
| November 7, 2008 |
| October 31, 2008 |
| October 24, 2008 |
| October 17, 2008 |
| October 10, 2008 |
| October 3, 2008 |
| September 26, 2008 |
| September 19, 2008 |
| September 12, 2008 |
| September 5, 2008 |
| August 29, 2008 |
| August 22, 2008 |
| August 15, 2008 |
| August 8, 2008 |
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