Weekly Market Report
Mark Dyson, Managing Director
Wool market firms
3 February 2017
The wool market firmed this week, with solid growth across the board the Eastern Market Indicator (EMI) climbed back by 10 cents per kilogram to see 1422c/kg clean.
The Australian dollar strengthened against the greenback, by US1.01 cents and the EMI also firmed in US-terms, gaining 22c/kg.
There was a smaller offering of 40,188 bales, with 8.3 per cent passed-in, a rate which had come down by 5pc on last week.
The finer end of the catalogue saw the biggest gains, particularly the more stylish types, rising by as much as 42c/kg in the 17 micron price guide which closed at 2013c/kg.
Medium to broader microns were more modest in their increases, which ranged from 7- 16c/kg.
Skirtings did well and picked up 30c/kg, while there wasn’t much movement for cardings, closing 1c/kg firmer in the South.
Crossbreds did it tough in comparison to Merino fleeces, with discounts of 2-20c/kg across the board.
Next week will see a larger offering, with an estimated 45,861 bales expected to hit the market nationally, which includes a designated superfine sale in Sydney.