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But we are proud to say that Tim Marwedel contributed 691 entries already.
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 […]
Comment The very complicated and confused global situation is affecting all markets and the wool market is not immune. Fortunately, the situation in China seems to be improving for the time being and the major buyers this week were presumably acting with Chinese interests. 25% of the national offering was passed in. The market was […]
Improved market tone today. Grower reluctance to sell continues to dominate and influence the market. COMMENT Better tone towards the close. The lots with lower yields attracted the least interest. FLEECE Best lots generally firm across all microns in limited supply. All 16.5 micron and finer up to 1% dearer 17.5 micron generally unchanged 18.5 […]
Market cheaper but difficult to compare best fine with last week’s superior selection. COMMENT Large passed in rate in a cheaper market. Best lots least affected. FLEECE Few best style and strength fine fleece nominally 3% easier in a very limited selection, but difficult to compare. Good to average 17.5 micron and finer up to […]
Comment Wool auctions in Australia resumed this week following an unprecedented cancellation of sales in week 35 due to a cyber-attack on the servers of the dominant software provider to the industry. Many, including our company, have been critical of the industry reliance on this single provider which has continuously maintained old software at a […]
Market a little easier in a very large selection. Best least affected. COMMENT A higher passed in rate. Growers continue to reserve the right to hold wool that doesn’t meet their pre-sale expectation. FLEECE All best specification lots were generally firm as buyers continue to chase good quality wool. All good Chinese specification 1% easier […]
Sales resume on a sound note. Most descriptions firm in a large national offering. COMMENT Prices opened firm and remained that way to the close of sale. Some broader merino descriptions were harder to buy. FLEECE Best 18.5 micron and finer fully firm and dominated by Italian interests. Better specification 19.0 / 21.5 micron 1% […]