Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market eases

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.