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But we are proud to say that Tim Marwedel contributed 691 entries already.
Comment The soft lead from Fremantle last Thursday ensured the opening of this week’s market was negative. The variation in price from week to week and day to day is compounding the confusion and subsequent difficulty in managing all buying and selling decisions. The level of price is not necessarily under question, it’s the variation […]
Market cheaper. Chinese activity very quiet resulting in 55% of the fleece wool being passed in and just 3300 bales of fleece sold between the Sydney and Melbourne market. COMMENT Better fine wool much less affected. It was the typical Chinese types that were neglected today. FLEECE Italian types in a good offering 15.5 to […]
Market around 1% below the level of Fremantle 26th September. COMMENT Good competition but some grower resistance to sell in a softer market. Prices settled a little lower than the last Fremantle sale. FLEECE Compared to Sydney and Melbourne – better specification lot’s and NM clips least affected. 18.5 micron and finer 3 to 5% […]
Comment A small national volume and mixed reports coming from China added to more confusion leading into the sale. Prices were expected to open strongly and they did. Typically though, with supply as limited as it is, the market is reacting with more volatility than we would have expected in the past. This eventually added […]
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 […]