Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Fine wool sector rallies EMI

The wool market opened up very solid for the fine Merino micron types this week, as the Eastern Market Indicator (EMI) gained two cents clean to finish at 1568 cents per kilogram clean, this mainly due to the increases in the fine wool sector.

The first day’s selling resulted in the 16-17 micron range increasing 23-36 cents clean, with the 18-19 micron range also in the sellers favour.

The 20-23 medium to broad Merino micron range softened by 10-23 cents clean as buyers focussed on the better style types, with wools expressing high fault or tenderness in less demand.

Skirtings followed a similar trend with losses of 10-20 cents clean, the higher vegetable matter types being mostly affected.

Crossbreds continued to struggle as the trade became selective on the better prepared wools, with the 26-28 micron categories easing 15-23 cents clean and the broader 30-32 micron range marginally in the buyers favour.

As in recent weeks, the carding sector was well supported with lambswool increasing up to 40 cents clean, the locks and crutchings lifting a further 20-30 cents clean.

The second day’s trade followed a similar trend to the first day’s market with the Merino finer types in solid demand, with the medium to broad types losing further ground.

Next week’s national wool offering consists of 43,764 bales.