Week ending 6 October 2016
A smaller than expected offering and an easing in the AUD saw this week’s market open on a solid note, leaving
the NRI to close the week 8 cents dearer at 1341. Wednesday’s market saw most merino fleece types gain 5 cents with some strong buying pressure on the 18.5 and the 19.5 microns areas. Thursday’s market was overall firm with the
fine to medium microns slightly dearer, while the broader microns were just off the pace, with the higher mid break
lots lacking some buyer support.
Merino skirtings gained 20-30 cents for the better style finer types with low Vm, while other types remained firm.
Oddments were also well supported, with Locks & crutchings closing fully firm, while stains were 10-15 cents dearer.
This week’s crossbred offering was firm and unchanged for 26 micron and broader on a limited offering.
Next week’s market is currently forecast at 37,681 bales.