Wool prices stabilise with the EMI rising 6c/kg
PRICE rises in the north stabilised on the final day of selling last week, with the Eastern Market Indicator closing at 2094c/kg.
The benchmark indicator gained 6c/kg on the previous week, with less than 3 per cent of bales passed in.
Elders national wool selling centre manager Simon Hogan said the big differences in the market could be seen in the superfine range.
“The stars for the week were the 16–17 micron ranges,” Mr Hogan said.
“We saw strong gains for the finer wools, but then we saw a high pass-in rate for some of those types,” he said.
In the south, the 17 micron indicator rose 41c/kg to finish at 2944c/kg and in Sydney it finished 19c/kg higher, at 3008c/kg.
In Melbourne, the 18-micron indicator gained 36c/kg to end at 2652c/kg.