Weekly Market Report
Mark Dyson, Managing Director
Market eases across the board
29 January 2016
The wool market retracted slightly this week and the Eastern Market Indicator (EMI) closed 16 cents per kilogram cheaper at 1280c/kg clean.
It was a shorter two-day trading session due to the Tuesday public holiday; as a smaller offering of 45,434 bales went under the hammer, the number passed-in was up by almost 10 per cent to 13.5pc.
The Australian dollar gained US1.41 against the greenback, which resulted in a 7c/kg increase to the EMI in US terms.
Merino fleece eased across the board, with the bigger falls being in the medium to broader types which shed up to 26c/kg.
Finer types saw less of an impact, easing by 9-18c/kg.
Skirtings lost about 10c/kg, while Merino cardings were similar and closed 9c/kg lower in the south.
Crossbreds followed suit and were 5-14c/kg cheaper.
Next week will see 47,000 bales offered to the market.