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MARKET REPORT – Melbourne Sale M29

16/01/2020

The volatility of this market has again been on display today with the plummeting of prices by up to 100ac.
The 4 companies responsible for the rise early in the week, Techwool Seatec PJM and Endevour were unable to maintain the levels . The increase of wool on offer for Melbourne sale 30 no doubt has contributed to the fall. As an observation, the passed in rate in the Fleece room was 12% which, considering the substantial fall, is low.

Fine merino skirtings with less than 3% vm opened with lack lustre competition today and dropped by 60-80ac in first hour selling. As the sale progressed competition improved to finish the day 30/40ac cheaper. Coarser micron and poorer style pcs & bellies closed 40/50ac cheaper with limited competition from the topmakers. Higher vm types 50/60ac cheaper today.

Prems/Lambs in the 42-44HM range closed 15/20ac cheaper in the 17.5 to 19.5mic range in a limited selection today.
46-56HM types closed generally unchanged in the 17.5 to 19.5mic range with odd CM/NM lots 25/30ac dearer.

FLEECE

15.5u – spinners –no selection
– best style – no selection
– best/good – minus 100ac  very limited selection
– poor types minus 50/60ac very limited selection

16.0u – spinners – no selection
– best style – no selection
– best/good – minus 40/50ac
– poor types – minus 70/80ac

16.5u – spinners – no selection
– best style – no selection
– best/good style – minus 60/70ac
– poor types – minus 50/60ac

17.0u – spinners – no selection
– best style – no selection
– best/good style –unchanged
– good style – minus 20/30ac
– poor types –minus 60ac

17.5u – spinners – no selection
– best style – no selection
– Good style – unchanged
– Poor style – minus 50/60ac

18.0u – spinner & best types – no selection
– best/good types – no selection
– Good style – minus 40ac
– poor types – minus 80/90ac

18.5u – best types – no selection
– best/good types – no selection
– good types – minus 30/40ac
– poor types – minus 100ac

19.0u – best/good types – minus 80ac
– poor types – minus 80ac

19.5u – best/good types – minus 100ac
– poor types – minus 90/100ac

20.0/20.5u – FNF sound types – minus 100ac
– Poorer types –minus 90/100ac

21.0/21.5u – FNF sound types – minus 100ac
– Poorer types – minus 90/100ac

COMP. China

SKIRTINGS –

Best Length/Low VM types 16.5u/17.5u – minus 30/40ac
18.5u/19.5u – minus 40/50ac

Low VM poor types – 16.5u/17.5u – minus 50/60ac
18.0u/18.5u – minus 40/50ac
19.0u/20.5u – minus 40/50ac

High VM types – 16.5u and finer – no selection
17.0/18.5u – minus 40/50ac
19.0/20.0u – minus 40/50ac

Prems – 16.0/ 17.0u – no selection
17.5 / 18.5u – generally unchanged
19.0 / 20.0u – buyers favour

COMP. China/ Europe