Weekly Market Report
Mark Dyson, Managing Director
Solid week for wool market
14 October 2016
Another small offering hit the wool market this week, and it was well-received, with the Eastern Market Indicator (EMI) climbing a further 18 cents per kilogram to 1318c/kg clean.
A total of 31,857 bales were offered, which included a small selection of wool sourced from New Zealand.
The passed-in rate was lower than the previous week, at just 2.9 per cent.
The market showed strength from the outset and that continued over the week, with the finer fleeces gaining 26-40c/kg, tipping the majority well into the 1600c/kg price point.
The 16.5 micron guide came to rest at 1631c/kg after a gain of 32c/kg, while the 18.5 micron guide picked-up 38c/kg to close at 1594c/kg.
Medium to broader types also fared well, strengthening by 20-45c/kg for the sale, which saw the 19.5 micron indicator close at 1507c/kg.
Skirtings followed the trend, with the more stylish types gaining the most attention, but generally across the board there was an increase of 20-30c/kg.
Cardings lifted by 15c/kg in the South, while crossbreds had a tougher time, with some small gains for broader types but discounts in the finer end of around 20c/kg.
Next week will see a slighter larger offering, with an estimated 36,259 bales set to be presented to the market.