This author has not written his bio yet.
But we are proud to say that Tim Marwedel contributed 667 entries already.
Market much more stable. COMMENT Market settles around last weeks basis. FLEECE Fully firm and tending a little dearer for 19.5 / 21.5 micron. SKIRTINGS Best fine skirtings 1% dearer, others firm. OPEN TOP Finer types 1% dearer, others firm.
Comment Wool auction sales continued this week with 37,000 bales offered and 20,000 eventually sold. The passed in rate increased as the sale progressed. Our company view is that sales should not be proceeding under these extraordinary circumstances. We have almost the entire global retail sector closed down. The impact this is having down the […]
The majority of the wool offered was passed in as prices fell further. COMMENT All descriptions cheaper as further market indecision prevails. FLEECE Nil good or best fine wool available today. All other fleece types 3 to 4% easier but with less than 50% sold, it was difficult to provide accurate or meaningful market quotes. […]
Market cheaper. Demand was thin as buyers looked for ‘good value’. COMMENT The very poor offering didn’t help, possibly the worst on record for a Sydney sale. Passed in rate remains high. FLEECE Practically nil good fine wool available. All average quality types and descriptions were up to 5% easier with finest lots least affected. […]
Comment It was a much more stable week for wool prices following the uncertainty of the last sale. There was a little movement of price between centres as prices aligned. The encouraging point was more widespread activity from those buyers representing Chinese interests. This lifted the general market overall, including the more average types. It […]
Market par to 1% dearer. COMMENT Good solid competition. FLEECE All descriptions par to 1% dearer (10-15c) SKIRTINGS Very firm OPEN TOP Unchanged
Market rebounds positively. COMMENT Chinese interests dominating. FLEECE Little to no best fine wool on offer. Good types all 1 to 2% dearer with the broader edge (20.0>) most affected. Even low yielding and higher VM lots in keener demand today. SKIRTINGS Generally 1% dearer OPEN TOP Up to 1% dearer.
Comment The fall in wool prices in foreign currency was the extraordinary feature this week. Prices were no doubt cheaper in local currency but the fall in USD and Euro values was significant. The Australian dollar is always less favoured during times of turmoil as investors move to the safer global currencies or gold. The […]
Market 1 to 2% easier COMMENT High passed in rate. FLEECE 18.5 micron and finer 1 to 2% easier 19.5 to 21.5 micron 1% easier SKIRTINGS 1% easier OPEN TOP Nominally 2% easier.
Market cheaper except broader merino types in keener demand from Chinese interests. COMMENT Uncertainty continues on global markets. High passed in rate was the notable factor again today. FLEECE Generally 2 to 3% easier except for 20.5 / 21.5 micron generally unchanged. Low yield lots remain out of favour and while much cheaper, were predominantly […]