Weekly Market Report
Mark Dyson, Managing Director
Market continues to strengthen
2 September 2016
The Eastern Market Indicator (EMI) strengthened further this week, surging another 11 cents per kilogram to close at 1320c/kg clean.
With all three centres back on deck the national offering shot up to 40,553 bales, much of which was new season fleece, with 3.6 per cent passed-in.
The market opened strongly from the outset and gains were spread across the board, tipping over the 20c/kg mark in the finer end of the catalogue.
The 18.5 micron price guide picked up 23c/kg for the week, to rest at 1524c/kg.
In the medium to broader fleeces, all microns were generally 7-14c/kg firmer, with the 19.5 micron price guide closing at 1487c/kg.
Skirtings followed the same trend as the fleece market, although the result for cardings was mixed, with no change recorded in the South.
Crossbreds also had a varied result, enjoying gains of up to 10c/kg in the finer end, but losses in the broader end of the spectrum.
Next week will see a slightly larger offering again, with an expected 42,986 bales to be offered to the market.