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But we are proud to say that Tim Marwedel contributed 691 entries already.
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 However, 25/30% of the original offering was withdrawn prior to sale.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 […]
Market down. Uncertainty continues. COMMENT Only 6,000 bales between Sydney and Melbourne were eventually sold today as most growers opt out of selling in this confusion. FLEECE No doubt non mulesed (NM) types were least affected across all micron categories. General market is difficult to quote with such high passed in and withdrawn rates. 18.0 […]
Market easier with ongoing economic trade and consumer confidence dictating the uncertainty. COMMENT Large passed in rate added to grower withdrawal rates prior to sale. Just 7,000 bales were sold in Sydney and Melbourne combined. FLEECE Best 17.0 / 18.5 micron 1% easier with selected spinner style unchanged. Good to average lots 18.5 micron and […]
Comment Some interest late last week, albeit below the closing level, was enough to stimulate more widespread buyer support at the new level. It was a significantly better market tone in the sale room. Prices did however ease further as buyers search for a level in which they can sell and global market and political […]
Market generally a little easier, best least affected. COMMENT Large passed in and withdrawn rate as growers utilise their option to hold wool pending a better market. FLEECE All 16.0 and 16.5 micron fully firm Best 17.0 / 19.0 micron fully firm All others 17.0 / 19.0 micron 1% easier 19.5 / 21.0 micron slightly […]
Market stabilises. More buyer confidence at this level. COMMENT A wide variety of buyers keen to accumulate wool at this level. A positive sign. FLEECE 16.0 micron and finer fully firm. 16.5 / 21.5 micron generally 1% easier but well maintained at that level. SKIRTINGS 16.0 / 16.5 micron 1% dearer 17.0 / 17.5 micron […]
Comment Further instability on global economic issues has eroded confidence from the wool market that has until now recorded one of the more positive periods in the last few years in our history. Since the peak of the EMI exactly one year ago (16/08/18), the benchmark indicator has fallen 28.5%. In USD terms the peak […]