Weekly Market Report
Mark Dyson, Managing Director
Wool market dip
27 January 2017
The wool market pulled back this week, with the Eastern Market Indicator (EMI) losing ground to the tune of 22 cents per kilogram, closing at 1412c/kg clean.
Selling days were changed to a Tuesday/Wednesday roster due to the Australia Day public holiday and there was almost 10,000 fewer bales offered than the previous week.
Of the 46, 370 bales offered to the market, 13.3 per cent were passed-in, reflecting the EMI price drop.
Once again the better types had the more positive outcome and in the finer microns there were even some gains, with the 17.5 micron guide firming by 3c/kg to 1958c/kg.
Things started to slide as the microns broadened and the 21 micron guide lost 41c/kg to rest at 1432c/kg.
Skirtings followed the same trend and cardings also dipped, falling by 13c/kg in the South.
Crossbreds again had a tough week, with losses between 3-20c/kg for both the broader and finer types.
Next week will see a smaller offering again, with an estimated 42,584 bales set to be offered to the market.