EASTERN AUSTRALIAN MARKET REPORT

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 passed in below grower reserves. Yields will improve soon and discounts will eventually reduce.

SKIRTINGS

2 to 3% easier.

OPEN TOP

Nominally 2% easier.