Weekly Market Wrap
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With Mark Dyson, Managing Director
September 11, 2009
Market strong despite climbing Aussie dollar
THE wool market has shown strength and held firm this week despite the climbing Australian dollar.
The dollar leapt from 83.5 US cents last week to 86 US cents this week.
The Eastern Market Indicator finished the week at 813 cents per kilogram, edging down just 2c/kg.
In US dollars, considering the raging Australian dollar, the market jumped 18c/kg.
The weakened US dollar and strengthening Australian dollar has put the currency in the 80 US cent mark and it is likely to remain here in the short term.
A total 44,361 bales were put under the hammer this week, with 17 per cent of the catalogue passed-in. The pass-in rate nudged 30pc on Tuesday in Melbourne.
Finer wools were hit a little harder this week, whereas demand for cardings was strong.
The Chinese and Indian-dominated buying trend continued, with European buyers very quiet - hence the subdued support for finer types.
A total 44,036 bales have been rostered for sale next week over two days.
| RECENT ISSUES |
 September 4, 2009 |
| August 28, 2009 |
| August 21, 2009 |
| August 14, 2009 |
| August 7, 2009 |
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| June 26, 2009 |
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| February 6, 2009 |
| January 30, 2009 |
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| January 16, 2009 |
| December 19, 2008 |
| December 12, 2008 |
| December 5, 2008 |
| November 28, 2008 |
| November 21, 2008 |
| 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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