Weekly Market Report
Mark Dyson, Managing Director
Another steady week for wool
4 December 2015
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.