Marty Moses.
Nanjing Night Net

The Australian Wool Exchange (AWI) eastern market indicatorclosed at 1059c posting no change in the pre Christmas market close.

It was a pleasing result for the 53,000 bales offering because it overcame a price drop of 2c before 1c installments during the following two days.

Despite the solid EMI the Merino MPG’s drifted lower over the course of the week, mostly ending 5 to 15c below pre-Christmas levels.

Merino skirtings mirrored the fleece sector, easing by around 10c, whilethe crossbreds posted further rises this week with increases of up to 30c experienced for the 28-30-micron which sit on or near historic highs.

Merino cardings extended their pre-Christmas rally posting 10-20c rises.

A total of 56,047 bales are expected to be met with good support at theauction series.

This story Administrator ready to work first appeared on Nanjing Night Net.

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