Weekly Market Report
Mark Dyson, Managing Director
EMI dips to pre-Easter levels
15 April 2016
It was a tough sale for the wool market this week, as much of the gains seen in the previous week were shed, the Eastern Market Indicator (EMI) lost 29 cents per kilogram to 1241c/kg clean.
A total of 43,043 bales were presented to the market, but a large number were passed-in, with the rate up by more than 11 per cent to 16.9pc.
Losses were seen across the board although there was stronger support for the better fleece types.
In the finer end of the offering prices were discounted by 25-40c/kg, the latter being felt in the 18.5 micron price guide which closed at 1426c/kg.
Medium to broader types lost 34-51c/kg in the south, with the 23 micron guide resting at 1329c/kg.
Skirtings were not as severely impacted, coming to close at around 20c/kg cheaper, while cardings were similar and a loss of 22c/kg was seen in the south, to 1069c/kg.
Crossbred fleeces weren’t spared, although the losses were less and ranged from 2-13c/kg.
Next week will see a larger offering, with an expected 49,078 bales set to be offered to the market.