Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Wool market eases

After two strong weeks, the wool market retracted slightly this week and the Eastern Market Indicator (EMI) shed 16 cents per kilogram to close at 1234c/kg clean.

Adding pressure was the Australian dollar gaining US.44c against the greenback, sitting at US71.55c by the end of the sale.

An offering of 41,286 bales hit the market floor and 14.6 per cent were passed-in.

The falls were small but widespread across all fleece types, with buyers showing a clear preference for the better types.

Finer types eased by 7-23c/kg for the sale, with the 18 micron price guide coming to rest at 1470c/kg.

The medium micron fleece range closed 9-25c/kg lighter, while skirtings were well supported and closed at similar levels.

Crossbreds saw minor falls of 6-14c/kg, with the 26 micron price guide remaining unchanged at 1031c/kg.

Cardings followed suit and eased 14c/kg to 1059c/kg.

Next week will see an estimated 49,566 bales go under the hammer, which will be the largest offering seen in seven months.