Weekly Market Report
Mark Dyson, Managing Director
Market sees volume increase
13 November 2015
The wool market bounced back this week, with the Eastern Market Indicator (EMI) gaining 17 cents per kilogram to close at 1251c/kg clean.
An increase in volume, although less than anticipated, saw 46,896 bales go under the hammer in the second largest offering for the season.
The number of bales passed-in was 4.9 per cent, down by almost 10pc compared to last week’s sale.
Most fleece types across the board picked up in value, with strong buyer support particularly for the better quality types.
The finer micron fleeces saw modest gains, which peaked at 23c/kg in the 19 micron price guide which closed at 1400c/kg.
Medium fleeces picked-up between 10-27c/kg, with the latter being in the 23 micron price guide, resting at 1301c/kg.
Merino skirtings also finished the week strongly with an increase of 30c/kg, while crossbreds didn’t fare as well, gaining 18c/kg in the 30 micron price guide but shedding 8c/kg in the 26 micron category.
Cardings spiked by 13c/kg to realise 1072c/kg for the week.
Next week’s market will see an estimated 45,424 bales up for auction.