Weekly Market Report
Mark Dyson, Managing Director
EMI takes a tumble
21 August 2015
The wool market took a slight tumble this week, with the Eastern Market Indicator (EMI) coming to rest 41 cents per kilogram lighter at 1263c/kg clean.
As a result of the price drop, there was quite a surge in the number of bales passed-in, with 15.1 per cent of the 31,975 bale offering staying put.
In contrast to the previous two weeks, Merino fleeces across the board took a hit, with the 19-19.5 micron guide shedding the most at 82c/kg and 84c/kg respectively.
The remainder of the finer microns saw losses of 52-77c/kg, with the 18 micron guide closing at 1443c/kg.
The medium micron fleeces were 42-71c/kg lighter.
Merino skirtings also lost ground, to the tune of 20-30c/kg, while cardings remained unchanged at 1075c/kg.
Crossbreds showed some resilience, losing only 3/kg in the 28 micron guide and the 30 micron fleeces actually gained 11c/kg.
Next week, an estimated 41,412 bales are set to go under the hammer.