Weekly Market Wrap
With Adrian Field, Melbourne
Assistant Trading Manager
March 12, 2004
Market remains steady
SALES were held in all three States this week with a national
offering of 57,000 bales. A little over 12 per cent of the
wool offered was passed-in, equating to about 7000 bales.
The eastern indicator now sits at 790 cents per kilogram,
a rise of 3c/kg.
Most wool types remained unchanged apart from crossbred types,
which eased about 15c/kg, while superfine Merino wool gained
about 20c/kg.
Premium wools received very good buying support, with average
to poor wools receiving moderate support.
A fall in the Australian dollar was probably the main reason
for the steady market.
Meanwhile, the wool offering is set to jump to nearly 72,000
bales next week.
While the dollar has continued to fall, the market is not
expected to rise due to the current low level of business
and the larger offering.
A similar trend to this week is predicted, whereby stylish,
finer wools will remain well sought-after and broader, average
wools will not attract as much attention.
| PAST ISSUES |
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 March
5 , 2004 |
September
26, 2003 |
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| February
27, 2004 |
September
19, 2003 |
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| February
20, 2004 |
September
12, 2003 |
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| February
13, 2004 |
September
5, 2003 |
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| February
6, 2004 |
August
29, 2003 |
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| January
30 , 2004 |
August
22, 2003 |
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| January
23, 2004 |
August
15, 2003 |
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| January
16, 2004 |
August
8, 2003 |
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| January
9, 2004 |
August
1 , 2003 |
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| December
12 , 2003 |
July
4 , 2003 |
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| December
05 , 2003 |
June
27, 2003 |
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| November
28, 2003 |
June
20, 2003 |
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| November
21, 2003 |
June
13, 2003 |
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| November
14, 2003 |
June
6, 2003 |
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| November
7, 2003 |
May
30, 2003 |
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| October
31, 2003 |
May
23, 2003 |
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| October
24, 2003 |
May
16, 2003 |
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| October
17, 2003 |
May
9, 2003 |
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| October
10, 2003 |
May
2, 2003 |
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| October
3, 2003 |
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