Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Another steady week for wool

It was another week of minimal action for the wool market, with the Eastern Market Indicator (EMI) gaining one cent per kilogram to see 1247c/kg clean.

It was a more significant increase in US terms, given the dollar had gained US0.78c against the greenback since the last sales, translating to a gain of US10c/kg.

Volumes remain down in comparison to last year and 37,172 bales went under the hammer this week, with 7.9 per cent passed-in.

The finer fleeces saw some price gains of around 2-9c/kg, with the 16.5 micron price guide closing at 1511c/kg.

For the medium types it was a mixed result, as the 20 micron guide gained 7c/kg to 1330c/kg, but the 19.5 micron guide shed 3c/kg to see 1359c/kg.

Skirtings followed a similar trend, with falls and gains at a marginal level.

Crossbreds had another tough week with a large offering, which saw prices drop by up to 11c/kg.

Cardings picked up 7c/kg for the week, coming to close at 1114c/kg.

Next week, 49,170 bales are expected to be on offer, which will be the largest national offering in eight months.