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But we are proud to say that Tim Marwedel contributed 691 entries already.
Comment Market volatility remains the new normal. Greasy wool is being traded on a ‘hand to mouth’ requirement for prompt delivery. In the current environment, customers are less likely to make a decision on their longer-term requirements. The ongoing global situation is limiting the amount of risk or exposure they are prepared to take. They […]
Market a little less extreme and settled around 2% cheaper. COMMENT It was not expected that the extraordinary performance of yesterday could be maintained. The market settled around 2% below, but competition remained strong to the end. If anything, it improved a little towards the close. FLEECE 2% easier. Best fine fleece were least affected […]
Market considerably dearer. COMMENT The market opened dearer and was well maintained to the close. FLEECE 6 to 7% dearer SKIRTINGS 5 to 6% dearer OPEN TOP 5% dearer
Comment Following the softer tone at the end of sale last week, the market opened cautiously. It was however noted that buyer competition remained very active at the lower basis. It was obvious that they wanted to buy but were clearly cautious about the price paid. The tone of the auction room was different to […]
Market generally firm at the close. COMMENT Prices opened a little cautiously with recent volatility but strengthened towards the close of sale to finish generally unchanged. FLEECE Some slight movement either way but generally firm overall. SKIRTINGS 16.5 / 17.0 micron 1% easier 17.5 micron and broader very firm. OPEN TOP Unchanged.
Market cheaper. COMMENT The market opened easier with more than 40,000 bales rostered for the week. Prices did improve as the sale progressed. FLEECE Best fleece 17.0 / 18.0 micron 1 to 2% easier. All others 3 to 4 % easier with tender, high mid break and low yielding wool most affected. SKIRTINGS Generally 4 […]
Comment Volatility continues. Tuesday this week saw the second greatest one day increase for the EMI according to AWEX reports, the largest being in September 2019. This followed with an easing in prices on Wednesday. The demand is for prompt delivery of greasy wool to China, clearly in short supply, and this is fuelling the […]
Market settles. COMMENT Market 2 to 3% easier but remained well supported at the basis. Best fine wool least affected. FLEECE Best 18.0 micron and finer 2% easier. All others 3% easier. SKIRTINGS 17.5 micron and finer 3% easier 18.0 / 18.5 micron generally unchanged 19.0/19.5 micron par to 1% dearer OPEN TOP 18.5 micron […]
Market extreme. COMMENT Chinese activity was obvious from the outset. All descriptions significantly dearer. FLEECE All fleece around 8 to 10% dearer SKIRTINGS Fine skirtings being bought ‘at best’ 18.5 micron and finer 10 to 12% dearer – 16.5/17.5 most affected. 19.0 / 20.5 micron 8% dearer. OPEN TOP Nominally 8% dearer.
Comment It has been an extraordinary turn around for the wool market in the last two weeks. Driven by Chinese demand, all types and descriptions were significantly dearer. With greasy wool supplies low and some fresh demand for prompt delivery, exporters were able to sell good volume leading into the sale and this was followed […]