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But we are proud to say that Tim Marwedel contributed 667 entries already.
Comment Finally, a bit of stability in the market. Prices settled on Wednesday a little above the close in Fremantle from the previous week. That basis was the most recent to go on and the one most chose to compare against considering the extreme volatility of last week. With many local traders in China for […]
Market dearer. COMMENT All descriptions closed on average around 1% dearer. FLEECE 15.0 to 16.0 micron came under strong pressure, especially better non mulesed lots and closed 2% dearer. 16.5 / 17.5 micron 1 to 2% dearer. 18.0 / 19.5 micron up to 1% dearer. 20.0 / 21.5 micron 1 to 2% dearer. SKIRTINGS 17.5 […]
Market positive but difficult to compare with the volatility of last week and Melbourne selling in isolation. COMMENT Most descriptions were a little dearer than the close of Fremantle but around 1 to 2% easier than Melbourne. Sydney didn’t sell last Thursday. FLEECE Compared to Melbourne Best 18.0 and finer fully firm All others 1 […]
Comment It was an extraordinary market reversal this week with all prices advancing significantly. It’s difficult to understand the mechanisms that result in such activity. Exporters and processors have been unable trade greasy wool or wool tops for a few weeks. This has resulted in a free fall in market prices. Confusion has been exacerbated […]
Market significantly dearer again. Melbourne sold in isolation. COMMENT Chinese indent orders dominate. FLEECE All Chinese specification fleece types were 5 to 6% dearer with finest most affected. Better Italian types least affected. SKIRTINGS All descriptions 4% dearer. OPEN TOP Nominally 4 to 5% dearer. Still a little early in the season for good open […]
Extraordinary market improvement. COMMENT All types and descriptions significantly dearer with the AWEX benchmark EMI 9.5% dearer. FLEECE 17.5 micron and finer 2 to 3% dearer 18.0 micron 3 to 4% dearer 18.5 micron 6% dearer 19.0 / 19.5 micron 10% dearer 20.0 / 20.5 micron 11% dearer SKIRTINGS All descriptions 7% dearer, finest and […]
Comment Finally, a more positive market tone. Client bids under the market were being rejected by the exporters and processors leading into the auction as supply tightened further. Growers have shown a reluctance to accept prices in a dramatically falling market leaving less than 20,000 bales sold for the week. This led to a more […]
Market dearer. All descriptions. COMMENT Grower resistance to sell has aided a market turnaround. Prices opened around 1% dearer but all descriptions were still trending upward toward the close to finish up to 3% dearer. Chinese more active. FLEECE Best 18.0 micron and finer 3 to 4% dearer in a better selection. All others 21.5 […]
Market still easier but significantly less dramatic today with limited quantities offered for sale. COMMENT 7,300 bales were sold today between Sydney and Melbourne. There were fewer bales passed in with those going to sale more likely to accept these levels. However, 25/30% of the original offering was withdrawn prior to sale. FLEECE Best 18.0 […]
Comment Another extraordinary market reaction this week. While the new level of price is concerning enough, the direction it’s taken to arrive at this point has been extreme. Surely the appetite for wool has not changed that much in such a short period. Confusion is wide spread and confidence within the market is low and […]