Weekly Market Report
Mark Dyson, Managing Director
EMI consolidates further
24 February 2017
It was another solid result for the wool market this week, which saw the Eastern Market Indicator (EMI) consolidate by a further nine cents per kilogram to 1449c/kg clean.
The market was presented with 45,144 bales, of which 5.6 per cent were passed-in.
There was a trend toward the finer fleeces again this week and the better spec types continue to get the most attention from buyers.
The 18.5 micron guide gained a further 18c/kg to 1891c/kg, while 18 micron price guide now sits at 1978c/kg after a rise of 11c/kg.
The 16.5-17.5 micron range are all sitting above the 2000c/kg mark.
Broader types also faired rather well, although the gains were minimal (2-6c/kg) and the 21 micron guide actually slipped back by 2c/kg.
Skirtings had a tough week and went generally unchanged, while cardings picked up some momentum and rose by 19c/kg in the South.
Crossbreds enjoyed another strong sale, with increases of up to 29c/kg in the 26 and 28 micron ranges.
Next week will see a slightly smaller offering, with 42,320 bales expected nationally which includes a designated superfine sale in Sydney.