Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Slight dip in wool market

The wool market didn’t see a great deal of movement this week, with the Eastern Market Indicator (EMI) easing by three cents per kilogram to 1246c/kg clean.

A total of 41,730 bales were offered to the market with 7.9 per cent passed-in.

In similar fashion to last week, the Australian dollar gained ground against the greenback and was up by US0.61c, seeing a 5c/kg rise to the EMI in US terms.

Losses were far from widespread and were mostly contained to the finer end of the spectrum, with the medium micron range even seeing some decent price increases.

The 16.5 micron price guide fell by 9c/kg, while the 18 micron guide shot up by 6c/kg to 1460c/kg.

In the medium types, the 21-22 micron rage saw the most action, gaining 10c/kg and 15c/kg respectively and both closing at 1321c/kg.

Unfortunately that sentiment didn’t carry through to the crossbred fleeces, which recorded falls of 3-21c/kg.

Merino skirtings came back 10-20c/kg, while cardings strengthened and gained 16c/kg for the sale to rest at 1107c/kg.

Next week will see an estimated 38,950 bales go under the hammer.