Weekly Market Report
Mark Dyson, Managing Director
Market consolidates after strong run
24 November 2017
The wool market’s solid run over the past month came to an end this week with consolidation across most micron categories, as the Eastern Market Indicator (EMI) fell 14 cents clean for the week to finish at 1669 cents per kilogram.
The Australian dollar remained steady trading at 75-76 US cents, but it wasn’t enough to stifle the decrease in values as the trade became selective on wool type, looking for the better style wools expressing good strength and low mid-break.
The 17.5-20 micron range fell the most in the Merino sector, easing between 18-49 cents clean with the 21 micron and broader near unchanged on the previous week.
The skirtings didn’t suffer to the same extent as the fleece types and were actually marginally dearer on the first day’s selling before losing some ground on the second day’s trade, with the higher fault types irregular.
The crossbred sector again came under pressure with further reductions in values of 21-64 cents clean, the 28-30 micron hardest hit.
The carding types were the main shining light for the week as further increases were seen for crutchings, locks and stains of 10-20 cents clean with the
lambswool categories in strong demand.
Next week’s national offering increases to close to 52,000 bales, as growers look to secure the good values on offer prior to heading into the annual Christmas recess in a month’s time.