Weekly Market Report
Mark Dyson, Managing Director
EMI continues downward trend
16 October 2015
This week’s wool market followed a similar pattern to last sale, which resulted in the Eastern Market Indicator (EMI) dropping by 26 cents per kilogram to 1169c/kg clean.
While the expected offering pre-sale was over 46,000 bales, in the end only 40,331 bales went under the hammer – the highest withdrawal rate since February.
Of those that took their chances and remained, 9.8 per cent were passed-in.
Again, similar to last week prices eased across the board.
The finer fleeces saw losses of up to 45c/kg, with the 17 micron guide closing at 1385c/kg.
In the 19 micron guide, prices eased by 33c/kg to 1283c/kg.
The medium micron fleeces shed 19-30c/kg, with the latter being in the 21 micron guide which came to rest at 1213c/kg.
Merino skirtings and cardings both tumbled by 20-30c/kg, while crossbreds also had a rough week and the 26 micron guide dropped by 61c/kg to 998c/kg.
Next week, an estimated 43,136 bales are expected to hit the floor.