Weekly Market Report
Mark Dyson, Managing Director
Wool market stays steady
8 September 2017
The wool market initially opened on a softer note in Melbourne this week, but soon found better ground and with little change to the Eastern Market Indicator which eased by two cents clean to finish at 1556 cents per kilogram for the week.
The earlier falls were mainly restricted to the 18 and finer microns, which eased up to 27 cents clean for the week.
While the 19-20 micron were quoted in buyers favour, the 21-25 micron types marginally increased and were some 5-10 cents clean dearer than the previous week by day’s end.
The second day’s trading saw the market steady as the decreases in the finer microns were more subtle, with only marginal falls particularly for the poorer style types.
The medium-to-broad Merino micron categories found further trade support, with the better style and good strength types above 40 n/kt receiving the best buyer competition.
The skirting categories suffered a similar fate to the fleece micron categories with the finer micron, high vegetable matter types easing by 10-20 cents clean and the medium and low fault wools increasing 15-20 cents clean.
The crossbred wool categories were irregular as prices received depended on wool preparation.
While the 26 micron types increased up to 14 cents clean, the 28 micron types eased by a similar value.
The carding wool categories were solid for the week, with locks and crutchings increasing by 10-20 cents clean with some better gains for Merino lamb types.
Next week’s national wool offering consists of 44,281 bales, of which over 50 per cent will be on offer from the Melbourne selling centre.