Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market firms

The wool market ended the week on a much more positive note than recent weeks, with the Eastern Market Indicator (EMI) closing four cents per kilogram firmer, at 1227c/kg clean.

The increase was slight in comparison to the consecutive falls seen in the previous few sales, but most fleece types across the catalogue recorded gains.

A total of 38,842 bales were offered with 5.8 per cent passed-in.

The stronger market emerged despite the fact the Australian dollar had gained US1.14C against the greenback, which equated to a rise of US17c/kg to the EMI in US terms.

Finer types enjoyed price increases of between 2-11c/kg, with the 18 micron guide closing at 1448c/kg.

The result for medium to broader types was similar, with the 22 and 23 micron guides both firming by 14c/kg.

Merino skirtings also gained ground, while cardings in the south actually pulled back by 2c/kg to rest at 1091c/kg.

Crossbreds had a relatively strong week in the south, with prices increasing by up to 9c/kg.

Next week’s sale is set to be a large one, with an offering of 48,291 bales expected to hit the market.