Weekly Market Report

Mark Dyson, Managing Director

Mark Dyson

Up and down market continues

The Australian wool market has continued its roller coaster pattern in Week 16, going down and up within the same series.

Immediate losses were felt in the Eastern centres, with the individual Micron Price Guides (MPGs) falling 9 – 51 cents by the end of the first selling day (18.0 micron and coarser most affected) and the AWEX Eastern Market Indicator (EMI) losing 27 cents.

MPGs in the Fremantle region also recorded large losses of 51 – 69 cents, however there was a noticeable increase in buyer demand in the final 25 minutes which flowed into the second day, resulting in the market slowly improving.

While the Merino MPGs across all three centres rose by 5 – 15 cents, the EMI only added one cent for the day due to the negative movement in other sectors of the market.

Overall, the EMI lost 26 cents for the week to close at 1,517 cents per kilogram clean.

The crossbreds were the worst performing sector for the week, with MPGs falling by 7 – 55 cents and the 28.0 – 30.0 range posting the largest falls.

The skirtings followed a similar path to the fleece, with first day losses followed by small increases on the second, while the oddments were the best performing sector recording minimal change for the series, reflected in the three carding indicators which lost an average of five cents only.

The national offering reduces for the next week, with there currently being 32,970 bales rostered for sale in Sydney, Melbourne and Fremantle.

Due to lack of quantity Sydney will hold a one-day sale, selling on Wednesday.