Prices continued to climb this week pushing the NRI to 1441, the highest level since June 2011. Buyer attention persisted in the Superfine microns with 16.5 and 17 microns up to 60 cents higher whilst 17 and 18 microns were 40 to 50 cents dearer. The rises shrunk towards the medium/ broader microns, culminating in a small loss for 22 microns. Most activity was in the early part of the week with Thursday finishing on a flat note when lots outside of specification tended to lose ground while the better lots generally stayed firm until the end.
AWTA Key Test data for the month of November shows an increase in testing volumes of 21.5%, which counteracts the decrease in Octobers figures. Nationally we have tested 1.6% more bales YTD, compared to the same period
last season however we have sold 8% more.
55,000 bales will be put before the trade next week in the second last sale before the three week Christmas recess.