EASTERN AUSTRALIAN MARKET REPORT

The market opened opened cautiously, a little flat in the tone of bidding. However, the buyer interest certainly improved in the second half of the auction to remain well supported to the close.

COMMENT

The passed in rate was 3.6% and 7.4% in Sydney and Melbourne respectively.

FLEECE

16.5 micron and finer 1% dearer in a good quality selection. Italian interests.

17.5 / 20.5 micron 0.5% easier

21.0 / 22.0 micron unchanged

SKIRTINGS

Good skirtings unchanged

OPEN TOP

18.5 micron and finer unchanged

19.5 / 20.5 micron 1 to 2% easier