Week ending: 16 June 2016
Prices bounced back this week, breaking the downward trend of recent weeks. The NRI gained 8 cents to finish at 1300cents/kg. As with most recent offerings Stylish/good spec wools recorded the highest gains but this week saw the average/lower spec wools attract widespread buyer support to finish the week with solid gains. Gains were experienced across all micron ranges, with the fleece market closing generally 10/15 cents dearer when compared to last week’s close. Prices for Merino skirtings followed the lead of the fleece market making solid gains. Low vegetable matter lots (<2.0%) were highly sought after and in some cases prices were extreme.
Merino cardings were the only poor performers for the week drifting marginally, to close the week 5/10 cents easier when compared to last week. Carbonising locks were most affected finishing 10/15 centscheaper.
Next week Fremantle has a one week recess which brings the national offering back down to a total of 24,000, the smallest offering in 12 months.