Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market remains steady

The market didn’t see a lot of movement this week, as the Eastern Market Indicator (EMI) closed one cent per kilogram firmer at 1285c/kg clean.

The market did see an increased offering compared to last week, with 42,612 bales put up and 6.7 per cent passed-in.

Although it was a mixed-bag result for Merino fleece, any increases or decreases were generally slight.

The market opened quite strongly, but by the end of the selling week had eased.

Better types again saw strong demand, particularly in some lots of superfine fleeces.

The 17 micron fleece range gained 5c/kg for the week, while the 19 micron sector eased by 4c/kg.

It was a similar tale in the medium to broader types, which saw an increase of up to 5c/kg in the 23 micron range but a loss of 11c/kg for the 19.5 range.

Skirtings also saw only a slight shift, while cardings gained 18c/kg to close at 1131c/kg in the south.

Crossbreds had a bumpy ride, with some increases of up to 6c/kg in the finer types but broader types were discounted by up to 13c/kg.

Next week will see an estimated 49, 818 bales go under the hammer, including a designated superfine sale in Sydney.