Weekly Market Wrap

For the latest edition, please Refresh frequently visited pages.

With Mark Dyson, Managing Director

April 30, 2010

Aussie dollar, wool market hold steady

A SLIGHT dip in wool demand resulted in an easing market this week, with the Eastern Market Indicator shedding 8 cents per kilogram to close at 876c/kg clean.

Chinese buying was still a little sluggish compared with the recent trend and buyers for India have been more subdued. India was fourth in the pecking order this week behind China, Europe and Taiwan.

Strong buying for China in the first quarter this year has built up the country's stocks, however, its demand is expected to increase again shortly.

A total 38,877 bales were put under the hammer this week, with just over 16 per cent of the offering passed-in.

The Australian dollar continued to hover around the 92 US cent mark.

Most affected among the fleece wools were those in the 19-20 micron range.

Surprisingly, skirtings also took a hit this week, while cardings and oddments drifted as well after a solid trend in sales this year.

Crossbred wools enjoyed some small price gains, with the exception of coarser types.

The trade is anticipating higher demand levels again at coming sales.

RECENT ISSUES
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