Weekly Market Report

Mark Dyson, Managing Director

Market eases further

2 October 2015

It was another fairly ordinary outcome for the wool market this week, with the Eastern Market Indicator (EMI) closing 11 cents per kilogram lighter at 1217c/kg clean.

The offering totalled 38,762 bales, which was bigger than last week but still over six per cent less volume than the same time last year, with 11.5pc passed-in.

While there was solid support for better types, all fleeces in the micron price guide closed lower for the week.

In the finer end of the catalogue, losses ranged from 7-18c/kg, with the latter being in the 17 micron fleeces which came to rest at 1437cc/kg.

Movements in the medium types were similar, shedding up to 16c/kg, while there was little movement in the 21 micron guide, which closed 3c/kg cheaper at 1263c/kg.

Merino skirtings had a steady run, easing by around 10c/kg while crossbreds took a tumble, paring back by 24-44c/kg.

Cardings closed 5c/kg less at 1093c/kg.

Next week’s offering is tipped to be 42,937 bales, the largest seen since early July.