Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market sees slight gains

There wasn’t much movement in the wool market this week, but the Eastern Market Indicator (EMI) did gain two cents per kilogram to rest at 1260c/kg clean.

The offering was quite small, with 33,721 bales hitting the floor across the three centres to see five per cent passed-in.

The market experienced a bit of a rollercoaster ride on the first day of selling, starting out quite strong before seeing some sharp falls.

Medium and broader fleeces struggled to hold ground and subsequently closed 4-10c/kg cheaper, with the 19.5 and 20 micron guides both closing 10c/kg lighter at 1355c/kg and 1328c/kg respectively.

The exception was the 24 micron guide, which saw an increase of 23c/kg.

Finer types strengthened quite well, coming away 14-18c/kg stronger overall with the 17 micron guide settling at 1482c/kg.

Merino skirtings followed the overall trend, seeing a slight rise before easing while cardings picked up 9c/kg.

Crossbreds achieved some solid gains across the board, closing 14-26c/kg firmer.

Next week’s sale will see an estimated 40,755 bales go under the hammer.