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But we are proud to say that Tim Marwedel contributed 665 entries already.
Comment It was a week of consolidation this week with more modest movements in the market when compared to recent sales. The Australian dollar eased a little and this resulted in a lower EMI in US value. For our particular business, the most keenly sought after types continue to be best style and specification 17.0 […]
Comment The market has stabilised around last week’s strong basis. This itself is a significant factor in determining the overall strength of the market, again driven by Chinese interests. Interestingly, nearly 7% of the total offering was passed in with some growers still optimistic for better market conditions to come. The fine wool selection was […]
COMMENT. Sydney sold in isolation. Market tending dearer as the sale progressed. FLEECE Better European types with higher yield and low VM all 2% dearer Other descriptions 0.5% dearer with low VM and high yield most keenly sought after. SKIRTINGS Skirtings continue upwards with low VM types 1 to 2% dearer OPEN TOP Fully firm
Comment Chinese influences have again dominated the market, pushing all types and descriptions to levels around 10% higher than those pre-Easter. It’s been an incredible rise. There’s no doubt that the limited weekly supply is fuelling this demand and recent commentary from China is that this is likely to continue in the short term. At […]
Comment The Australian market has continued its positive way following the one-week Easter recess. Despite the strengthening Australian dollar on the cross rates with the USD, Chinese driven demand exceeded the supply and pushed prices higher, yet again. Most were expecting a more subdued market, even if around similar levels as those pre-Easter. However, from […]
Comment With the current global volatility around currency exchange rates, it’s not surprising that the wool market might be subjected to similar volatility with our market heavily influenced by the AUD/USD exchange rates. Prices eased on Tuesday but the better wools with higher yield and lower VM were still in good demand. As the selection […]
Comment It was somewhat of a stabilising market trend this week. The Sydney and Fremantle sales which sold in isolation on Tuesday were probably a little stronger than what was expected and this resulted in prices finding a level on Wednesday with all centres leveling out. The final result on Thursday, with generally unchanged levels […]
Comment The Chinese New Year recess has provided the market with a timely increase in demand. The market this week finished in positive territory across the board, with all sectors active. The Chinese topmakers led the charge despite a positive increase in the currency, did little to dampen the enthusiasm. Add to this the European […]
COMMENT. Minor movement up and down as the AUD remains strong against the USD. FLEECE Best style and specification tending 1% dearer for all microns Others 16.5 micron and finer 1% easier 17.5 micron unchanged 18.5 / 19.0 micron 1% dearer 19.5 / 21.0 micron unchanged. SKIRTINGS Good skirtings up to 1% dearer. OPEN TOP […]
Comment The increased value of the Australian dollar against a weakening USD was the main focus this week. A change of around 3.4% in value. Early indications were that we should expect an unchanged market in USD, pointing to a drop in local prices of around 3% and in line with the currency exchange rates. […]