Weekly Market Report
Mark Dyson, Managing Director
Market dips slightly
3 June 2016
The wool market saw a slight dip this week, after five weeks of gains for the Eastern Market Indicator (EMI), it closed one cent per kilogram lower at 1296c/kg clean.
The market saw an offering of 32,043 bales between the three sale centres, with a slightly higher passed-in rate of 7.5 per cent.
Supply impacted the result and equated to losses in the finer micron fleeces of between 5-12c/kg.
Once again, more stylish and quality fleeces found better support and medium to broader types saw small gains of up to 6c/kg in the South, with the 20 micron price guide closing at 1436c/kg.
Skirtings remained largely unchanged on last week, while cardings strengthened slightly and finished the week at 5c/kg firmer in the South at 1111c/kg.
For crossbreds, the result was mixed with gains of up to 15/kg in some microns but losses of 10c/kg in others.
Next week will see a smaller offering, with an expected 28,594 bales scheduled to hit the market floor.