MARKET REPORT – Melbourne Sale M11

11/09/2019

After withdrawing a large part of the offering before the sale, the remaining selection was restricted to a very small offering of Best, and Best/Good tm in 16.5u and finer, and a limited selection of Best/Good and Good TM in 17.0u-21.5u.
There was considerable pressure put on the market by 4 Chinese buyers today and subsequently 18.5u-21.5u were up to 160ac dearer and 18.0u and finer 70/100ac dearer.

Fine merino skirtings with less than 3% vm rallied in line with the fleece to close 100-120ac dearer. Poorer style and higher vm pcs also 60-80ac dearer with strong competition between the topmakers and Chinese indent buyers.

Prems/Lambs in the 42-46HM range closed 40-50ac dearer for 17.5 to 19.0mic in a very limited selection.
48-56HM types closed 70-80ac dearer in the 18.0 to 19.5mic range with odd NM lots 100-150ac dearer.

FLEECE

15.5u – spinners –no selection
– best style – plus 70/80ac
– best/good – plus 30ac
– poor types –irregular

16.0u – spinners – no selection
– best style – no selection
– best/good – firm
– poor types – plus 100ac

16.5u – spinners – no selection
– best style – no selection
– best/good style – plus 60/80ac
– poor types – plus 100ac

17.0u – spinners – no selection
– best style – no selection
– best/good style -plus 80/100ac
– poor types – plus 70/80ac

17.5u – spinners – no selection
– best style – no selection
– Good style – plus 60/70ac
– Poor style –plus 60/70ac

18.0u – spinner & best types – no selection
– best/good types – unchanged
– Good style – plus 30/40ac
– poor types – plus 70/80ac

18.5u – best types – no selection
– best/good types – no selection
– good types- plus 50ac
– poor types – plus 70/80ac

19.0u – best/good types – plus 100ac 1860ac
– poor types – plus 150ac

19.5u – best/good types – plus 130ac
– poor types – plus 200ac

20.0/20.5u – FNF sound types – plus 120ac
– Poorer types – plus 160ac

21.0/21.5u – FNF sound types – plus 140ac
– Poorer types – plus 160ac

COMP. China

SKIRTINGS –

Best Length/Low VM types 16.5u/17.5u – plus 120/130ac
18.5u/19.5u – plus 100/120ac

Low VM poor types – 16.5u/17.5u – plus 80/100ac
18.0u/18.5u – plus 80/100ac
19.0u/20.5u – plus 80/100ac

High VM types – 16.5u and finer – no selection
17.0/18.5u – plus 60/80ac
19.0/20.0u – plus 60/80ac

Prems – 16.0/ 17.0u – plus 40/50ac
17.5 / 18.5u – plus 70/80ac
19.0 / 20.0u – plus 80/100ac

COMP. China/ Europe