Weekly Market Wrap
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With Adrian Field, Melbourne
Trading Manager
January 26, 2007
Market continues to explode
THE eastern market indicator jumped another 47 cents per kilogram this week to close at 962c/kg.
Again, most industry members didn't quite anticipate this price leap.
Of the 68,932 bales offered, only 4.7 per cent was passed-in. We have had two weeks straight of less than 5pc being passed-in.
All wools received substantial price rises, with 17-18 micron Merino fleece receiving the biggest boost - up to 100c/kg.
Southern region
Merino fleece types jumped 40-100c/kg, with 17-18 micron wools attracting most attention.
Merino skirtings fetched an extra 40c/kg overall, while crossbred fleece wools increased 10-20c/kg, with 30-micron types improving the most.
Carding wools increased another 20c/kg.
Next week's sales will be held in Sydney and Melbourne over two days, with 44,497 bales on offer.
The shortage of wool is obviously a major factor in the market. Prices may finally stabilise next week considering the softening toward the end of sales yesterday, but don't hold your breath though.
| RECENT ISSUES |
 January 19, 2007 |
| January 12, 2007 |
| December 15, 2006 |
| December 8, 2006 |
| December 1, 2006 |
| November 24, 2006 |
| November 17, 2006 |
| November 10, 2006 |
| November 3, 2006 |
| October 27, 2006 |
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| October 6, 2006 |
| September 29, 2006 |
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| September 15, 2006 |
| September 8, 2006 |
| September 1, 2006 |
| August 25, 2006 |
| August 18, 2006 |
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| July 14, 2006 |
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