Entries by Mark Symes

EASTERN AUSTRALIAN MARKET REPORT

COMMENT What a difference a day makes as the market continues its short term upward trend assisted by currency fluctuations and a lack of volume, which is consistent for this time of year.. FLEECE Market improvers 15/15.5 micron selected lots extreme, supported by Chinese interest. Also Best style 16/18 micron Italian spec wool +1/1.5% dearer […]

EASTERN AUSTRALIAN MARKET REPORT

COMMENT Despite the currency remaining very stable today, the market has rallied and finished the day in positive territory as indent buyers continue to accumulate in smaller volumes. FLEECE All fleece fully 1.0% dearer with competition on better FNF style.  SKIRTINGS All descriptions 1% dearer in keen competition.  OPEN TOP Fully firm in limited selection.

EASTERN AUSTRALIAN MARKET REPORT

COMMENT Chinese topmakers support the market despite slow demand and small volumes being traded. Discounts appear for higher vm and low style on offer. FLEECE Best style fleece slightly dearer in limited selection. All good fleece 18.0 / 21.5 micron FNF slightly dearer in strong competition. Higher vm low style slightly easier.  SKIRTINGS All best […]

EASTERN AUSTRALIAN MARKET REPORT

COMMENT The smaller weekly offering coupled with some grower resistance helps keep the market reasonably stable today.. FLEECE Best style 16.5/17.5 micron fully firm. All good fleece 18.0 / 21.5 micron 0.5% easier, with 20 and broader most affected..  SKIRTINGS All best style FNF Fully Firm. Others Irregular. OPEN TOP Unchanged tending sellers favor at […]

EASTERN AUSTRALIAN MARKET REPORT

COMMENT Federal Budget release, fluctuating A$, grower resistance 15% withdrawn prior to sale and a little renewed interest from European interests on the best style and strength wool on offer landed the market in positive territory today. . FLEECE All good fleece 17.0 / 20.5 micron 0.5% dearer.  SKIRTINGS All best style FNF 16 to […]

EASTERN AUSTRALIAN MARKET REPORT

COMMENT Market heads into positive territory due to a favorable currency which is a great way to showcase the market with IWTO Conference in Adelaide this week.  FLEECE All descriptions 1-2% dearer.  SKIRTINGS Best low VM skirtings 1% dearer, with 18.5 micron 2% dearer in keen competition.  All other descriptions par to 1% dearer.  OPEN […]

EASTERN AUSTRALIAN MARKET REPORT

COMMENT The market reacted more positively today led by China indent and greasy traders with currency adjustment overnight looking more favorable.   FLEECE Good Italian specified wools traded very firm in keen competition. 165/175 micron inferior failed to excite finishing 1-1.5% lower today. 18/215 micron finished the day Generally Unchanged. SKIRTINGS 16.0/17.5 FNF Generally 1% easier […]

AUSTRALIAN WEEKLY MARKET REPORT

Comment A great opportunity this week to promote the workings of the wool industry, as a wool auction was held at the Sydney Royal Easter Show, run by the Royal Agricultural Society. Held in the Sheep and Wool Pavillion, it provided a platform where stud breeders, wool exporters, and the general public who have never […]

EASTERN AUSTRALIAN MARKET REPORT

COMMENT The Sydney wool auction was held at the Royal Sydney Easter Show with thousands of people seeing the auction for the first time. Unfortunately this was not enough to stop another market finishing in negative territory. FLEECE Best style Euro spec wool remains firm. Chinese style 16.5 micron and finer upto 2% easier. 17/18.5 […]

AUSTRALIAN WEEKLY MARKET REPORT

Comment A genuine lack of demand affected the market this week with day 1 finishing in negative territory, however the weaker currency assisted day 2 finishing the week on a firm tone with all sectors active. Unfortunately the news globally is quite negative for wool at the moment, with China consumers reluctant to spend with […]

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