Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Market ends year strongly

The wool market finished the year strongly, as the Eastern Market Indicator (EMI) gained 14 cents per kilogram this week to close at 1265c/kg clean.

A total of 42,434 bales were offered to the market, ending the year over 50,100 bales short of last year’s total, however the EMI closed at record levels and was 206c/kg higher comparatively.

The passed-in rate for the week was at 4.4 per cent.

There were some decent gains across the catalogue, and while quality fleeces were again popular with buyers, lower spec types powered through to further lift the market.

Price increases ranged from 8-35c/kg in the finer micron fleeces, with the 19 micron price guide closing at 1427c/kg and the 17.5 micron guide gaining 25c/kg to see 1512c/kg.

Broader fleeces also had a solid sale, as the 19.5 micron guide picked up 26c/kg to 1391c/kg and the 23 micron category gained 22c/kg at 1336c/kg.

Merino skirtings finished around 20c/kg firmer, while the result for the crossbred offering was a little more turbulent; seeing falls of up to 7c/kg and gains of 6c/kg.

Cardings closed at 8c/kg higher in the south to 1122c/kg.

The market will re-open after its annual three-week recess.