Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market eases further

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.