Weekly Market Wrap
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With Mark Dyson, Managing Director
October 30, 2009
Slight correction, but outlook still strong
THE wool market drifted down a little this week after a positive run in the past month and despite the Australian dollar falling, however the outlook remains promising.
The Eastern Market Indicator finished at 857 cents per kilogram clean, dipping 16c/kg compared with last week.
The Australian dollar dropped from 92.5 US cents to a low of 89.8 US cents toward the end of the week.
The larger 51,899-bale offering for the season achieved an 86 per cent clearance.
Importantly, some gains were made in final sales after the correction earlier in the week.
Most wool types were affected, shedding around 30c/kg, although the Merino fleece was hit hardest.
Demand for cardings and skirtings remained solid, with prices almost unchanged.
The slight correction after the price surges in recent weeks was not unexpected and the immediate future continues to look encouraging.
Following the normal buying trend, China was the major power at sales, with good activity from India as well and some support coming from Italy.
A total 49,313 bales is scheduled to go under the hammer next week.
| RECENT ISSUES |
 October 23, 2009 |
| October 16, 2009 |
| October 9, 2009 |
| October 2, 2009 |
| September 25, 2009 |
| September 18, 2009 |
| September 11, 2009 |
| September 4, 2009 |
| August 28, 2009 |
| August 21, 2009 |
| August 14, 2009 |
| August 7, 2009 |
| July 10, 2009 |
| July 3, 2009 |
| June 26, 2009 |
| June 19, 2009 |
| June 12, 2009 |
| June 05, 2009 |
| May 29, 2009 |
| May 22, 2009 |
| May 15, 2009 |
| May 8, 2009 |
| May 1, 2009 |
| April 24, 2009 |
| April 10, 2009 |
| April 3, 2009 |
| March 27, 2009 |
| March 20, 2009 |
| March 13, 2009 |
| March 6, 2009 |
| February 27, 2009 |
| February 20, 2009 |
| February 13, 2009 |
| February 6, 2009 |
| January 30, 2009 |
| January 23, 2009 |
| 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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