Weekly Market Report
Mark Dyson, Managing Director
Wool market rallies
4 September 2015
The wool market rallied this week, bouncing back after consecutive losses in the last two sales to close 36 cents per kilogram stronger at 1258c/kg clean.
Of the 37,747 bales offered, only 3.7 per cent were passed-in which was a significantly drop to last week’s massive pass-in rate of 21.5pc from a similar sized offering.
The medium to broad fleeces saw the biggest rises, ranging from 43-48c/kg with the 19.5 micron guide resting at 1365c/kg.
In the finer end of the catalogue, prices jumped 15-44c/kg and the 18 micron guide achieved $1447c/kg after rising by 30c/kg.
Merino skirtings followed suit and also recorded solid gains.
Crossbreds saw increases of 20-31c/kg and cardings also did well, closing 18c/kg stronger at 1085c/kg.
Next week a slighter smaller offering is expected, with 35,012 bales predicted to go under the hammer.