Weekly Market Report
Mark Dyson, Managing Director
Wool market eases
5 February 2016
The week saw the wool market follow a similar pattern to last week and the Eastern Market Indicator (EMI) lost 15 cents per kilogram after three days of sales.
The EMI closed at 1265c/kg clean, with most ground lost on the opening day for each centre.
A total of 44,906 bales were offered to the market, with 10.4 per cent passed-in.
The biggest losses came in the 17.5 to 19.5 micron range, which accounted for a large portion of the offering, and prices eased by 15-23c/kg in the south.
The market was steadier on Thursday, and better types found a strong backing and there were even some gains in the medium fleece range.
In particular, the 23 micron price guide picked up 6c/kg to close at 1343c/kg.
Merino skirtings had a rough week and lost 30c/kg, while cardings followed suit and closed 20c/kg less at 1127c/kg.
A smaller crossbred offering saw some gains made, in the south at least, of up to 8c/kg.
Next week, a smaller offering of 40,659 bales is expected to go under the hammer.