By Mark Dyson - Quality Wool
The wool market was somewhat irregular this week with values achieved largely dependent on micron and type, as the Eastern Market Indicator (EMI) made no movement for the week to remain at 1525 cents per kilogram.
In general, the 16.5 micron and finer categories made some ground on the previous week, lifting by 18 cents clean.
The 17-19 micron categories eased by 19-40 cents clean while the 19.5-23 micron categories increased between 5-22 cents clean, as the broader types received the greatest rises.
As we head through the spring offerings, wools expressing high mid-break and low strength have increased in volume, resulting in greater discounts on these wools particularly in the finer micron categories.
On the flip side, Merino wools of 40 nkt or better with low mid-break are commanding a premium and are well sought after by the trade.
Skirtings remained relatively firm this week with some increases recorded on the first day’s trade, though these did not hold on the second day with pieces and bellies near unchanged on the previous week.
The crossbred wool categories eased for the week with the 26-30 micron categories decreasing up to 23 cents clean, with marginal falls in the broader 30-plus micron types.
The carding sector made strong gains as locks and crutchings increased 15-30 cents clean with low fault, best style lamb’s wool attracting solid trade competition.
Next week’s national offering reduces slightly to 41,483 bales with a designated Australian Superfine sale.