Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market bounces back

THE wool market came bouncing back this week, seemingly refreshed after a three-week break, the Eastern Market Indicator (EMI) closed 37 cents per kilogram higher to rest at 1258c/kg clean.

An offering of 41,832 bales hit the floor, with only 3.9 per cent passed-in.

It was good news right across the board, but the biggest gains were seen in the 18-20 micron range at 46-63c/kg.

The finer end of the market picked up 14-63c/kg, the larger of which was in the 19 micron bracket which closed at 1399c/kg.

In the medium fleeces, the 19.5 micron guide gained 63c/kg to see 1383c/kg while towards the broader end, the 23 micron guide saw a 30c/kg rise.

Merino skirtings were up 20-30c/kg and cardings closely followed suit.

The crossbred sector also recorded some solid gains, most notably in the 30 micron guide which rose by 49c/kg.

Next week 30,473 bales are scheduled to go under the hammer.