Weekly Market Report
Mark Dyson, Managing Director
Superfine fleeces in hot demand
10 February 2017
Finer microns led the wool market this week, pushing the Eastern Market Indicator up by a further 15 cents per kilogram to see 1437c/kg clean.
A total of 44, 484 bales were offered nationally, with 6.7 per cent passed-in.
Included in that offering was a designated superfine sale in Sydney, but finer types also proved to be the flavour of the week in Melbourne and Fremantle.
In the South, the finer portion of the catalogue gained between 30-50c/kg, with the 18 micron guide firming by 49c/kg to see 1937c/kg.
Things slowed down as the microns broadened, and prices remained unchanged and equal to last week in the 20-23 micron guides.
Skirtings followed the trend, with finer types in hot demand and pushing prices up by 100c/kg in some instances.
Cardings were more modest in their gains, up by 3/kg in the South.
Crossbred fleeces enjoyed a far more buoyant week, with prices generally firming by 3-18c/kg.
Next week will see a slightly larger offering again, with an estimated 47,583 bales set to be presented to the market.