Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market makes modest gains

The wool market showed modest gains this week, with the Eastern Market Indicator (EMI) lifting six cents for the week to finish at 1478c/kg and passed in rates at slightly lower levels than the previous week sitting at 9.1 per cent

Little change was seen on the first day’s trading compared to the previous week, with some microns trending easier and in buyers favour.

The second day’s trade saw better competition, as buyers scrambled for the better style types which have been in limited supply over the past few weeks.

Gains of 11-36c/kg were received for the 16.5-21 micron range, with the finer micron types making some ground up on the previous week’s falls

Skirtings followed the same trend as the fleece types with better competition on higher VM lots, as the trade looked to fill orders on the lesser offering.

Crossbred, wools were near unchanged on last week’s final quotes, with some easing in the 30 micron and broader range.

On a limited offering, cardings were near unchanged on the previous week.

Next week’s sale offerings increase to 30,808 bales with all three selling centres in operation.