Weekly Market Wrap
For the latest edition, please Refresh
frequently visited pages.
With Adrian Field, Melbourne
Trading Manager
June 11, 2004
Demand remains solid
AFTER a slight easing on Wednesday, the eastern indicator
recovered to close at 814 cents per kilogram - a rise of 6c/kg
for the week.
The biggest movement was in the 22 and 23 micron fleece categories,
where increases of up to 20c/kg were recorded.
Most other Merino fleece wools rose slightly, whilst crossbred
wools were a mixture - finer types held up, but broader wools
softened slightly.
The main reason for the recovery on Thursday was the weakening
of the Australian dollar combined with a better selection
of quality wools.
General
Very low passed-in rates were recorded this week. A total
of just under 10 per cent.
Wool stocks in store are now believed to be sitting at a little
under 600,000 bales. There is no doubt that much of the wool
that has been offered over the past two months has been from
two seasons, as well as wool that has been offered for the
second or third time, or even more.
Next week's sales total about 53,000 bales, selling in all
three centres.
Outlook
Again, we await currency movement, but if the Australian
dollar remains the same there should be little change.
Low volumes on offer are also keeping prices steady.
|
|
| |
| |
 |
 |
 |
|
|
Trading
Manager Adrian Field
takes a look back - for a better wool
future!
Read more... |
|
|
|
|
|
|
