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 Brighter start to this week's wool sales 

Brighter start to this week's wool sales

12 Nov, 2008 03:57 PM
An upward trend has appeared at the first two wool sales of the week, with the eastern market indicator rising by 15 cents a kilogram.

The week got off to a good start at yesterday's Sydney sales, particularly for fine wools, with 19 to 21 micron wools rising in price by up to 26 cents kilogram.

The 19 micron indicator rose 16 cents to 960c/kg (clean) and the 21m was up 17c to 695c/kg.

Superfine wools generally remained firm to a little weaker, not having the style and finish of the Newcastle sale the week before.

But it was enough to lift the eastern market indicator to 727c/kg, up 4c/kg on last week, and the northern indicator is at 757c/kg, up 8c/kg.

Then today, the EMI rose a further 11c/kg to now stand at 738c/kg, following sales in all three centres.

Again the finer types enjoyed the best of the gains, with the western 19m indicator leaping up by 54c/kg to stand at 950c/kg.

According to AWEX, the northern indicator now stands at 770c/kg, up 13c/kg for the day; the southern indicator is 711c/kg, up 9c/kg; and the western indicator is at 716c/kg, up 23c/kg.

* More wool market analysis in this week's Fairfax rural newspapers.

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