Weekly Market Wrap

For the latest edition, please Refresh frequently visited pages.

With Mark Dyson, Managing Director

June 11, 2010

Small offerings fuel price rises

SMALLER wool offerings are fuelling continued wool price rises.

The Eastern Market Indicator posted another gain this week, jumping 16 cents per kilogram clean to 905c/kg.

The Australian dollar fluctuated strongly during the week, dropping below 81 US cents before rising and reaching 83.8 US cents at the close of sales.

Only 26,680 bales were put under the hammer, with Fremantle holding a one-week recess.

The healthy price rises resulted in a very high clearance rate of 96 per cent.

Most wool types enjoyed increases of 10-20c/kg, with 23-24 micron wools also back in vogue after quieter demand for them last week.

Crossbred wools and cardings also continued to perform well.

Buying activity is strong in the marketplace and it is likely to continue in light of the smaller offerings scheduled for coming weeks. The buying trend may be different if auction volumes were higher.

Economic uncertainty particularly in Europe is continuing to cause fluctuating exchange rates and this will result in a level of caution in the market.

A total 32,285 bales has been rostered for next week's sales.

RECENT ISSUES
June 4, 2010
May 28, 2010
May 21, 2010
May 14, 2010
May 7, 2010
April 30, 2010
April 23, 2010
April 16, 2010
April 2, 2010
March 26, 2010
March 19, 2010
March 19, 2010
March 12, 2010
March 5, 2010
February 26, 2010
February 19, 2010
February 12, 2010
February 5, 2010
January 29, 2010
January 22, 2010
January 15, 2010
December 18, 2009
December 11, 2009
December 4, 2009
November 27, 2009
November 20, 2009
November 13, 2009
November 6, 2009
October 30, 2009
October 23, 2009
October 16, 2009
October 9, 2009
October 2, 2009
September 25, 2009
September 18, 2009
September 11, 2009
September 4, 2009

 
With Mark Dyson, Managing Director
 
 


View Archive





Disclaimer  |  Copyright 2006 Quality Wool  |  Phone (08) 8341 0000  |  Fax: (08) 8341 0044
website by echidna web design