Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market sees small change

The wool market saw a slight dip this week, with the Eastern Market Indicator (EMI) losing two cents per kilogram to 1249c/kg clean.

In US terms however, the market increased by 2c/kg after the Australian dollar gained US0.25c against the greenback.

The offering of 43,434 bales saw a passed-in rate of eight per cent, up by more than 3pc on the previous week.

Though most microns in the catalogue dipped in price by some degree, there was good buyer support for skirtings and cardings.

In the finer types, the 16.5 micron guide remained firm at 1511c/kg, but the 18 micron guide lost ground, closing 24c/kg lower at 1454c/kg.

Medium types experienced falls of 5-14c/kg, with the 20 micron guide coming to rest at 1324c/kg.

As mentioned, bucking the trend skirtings and cardings were well-supported, with cardings gaining 19c/kg for the week to close at 1091c/kg.

This week also saw the season’s second largest crossbred offering, which unfortunately pulled prices back by 9-13c/kg.

Next week will see an estimated 44,015 bales go under the hammer.