Week ending 1/9/16
Fremantle re-join the selling program this week, pushing the national offering to 40,553 bales. The majority of the wool catalogued was freshly shorn and had not been offered previously, a reflection of the recent buoyant market.
The fleece market opened to a stronger tone and continued to the week progressed. All types and microns generally enjoyed gains of 10 to 20 cents, with the superfine range coming under close scrutiny, particularly with Sydney hosting a designated superfine sale, where premiums of up to 200 cents emerged for selected lots.
Although the focus was squarely on the better types, the strength also carried through into good style and parttender types. The skirting market also continued to perform well, with buyers showing the most interest for wellgrown low vm types.
Crossbreds had mixed results, weakness in the 30/32 micron range was overshadowed by good support for 25 to 28 microns, and while the oddment market was solid, it closed at similar levels to last sale.