MARKET REPORT – Melbourne Sale M40
31/03/2020
On a good selection of better types/am’s and lower types /am’s in 16.0microns to 21.5 microns (mainly reoffers from previous sales) the market experienced one of its darker moments with all types and microns falling at best 50c and at worst 150c.
The competition was very weak and only came from 4 Chines buyers bidding with no enthusiasm.
Subsequently 44.7% of the Flc wool was passed in.
Best Merino skirtings finer than 17.5mic with less than 3% vm opened 80-100ac cheaper and then recovered as the sale progressed to close 60-70ac cheaper. 18.0 to 20.5mic pcs/bls with less than 4% closed 80-100ac with limited competition. Poorer style and higher VM skirtings closed 110-130ac cheaper.
Prems/Lambs in the 42-46HM range closed 70-80ac cheaper in the 17.5 to 19.5mic with very little competition from Chinese indent buyers. 48-56HM types closed 40/60ac cheaper. Odd lots CM/NM 20/30ac cheaper.
FLEECE
15.5u – spinners – no selection
– best style – no selection
– best/good – no selection
– poor types – no selection
16.0u – spinners – no selection
– best style – no selection
– best/good – minus 60/70ac
– poor types –minus 20/30ac
16.5u – spinners – no selection
– best style – no selection
– best/good style – minus 60ac
– poor types – minus 70ac
17.0u – spinners – no selection
– best style – no selection
– best/good style – minus 100/110ac
– poor types – minus 100/110ac
17.5u – spinners – no selection
– best style – no selection
– best/good style –minus 150ac
-Poor style – minus 120ac
18.0u – spinner & best types – no selection
– best/good types – no selection
– Good style – minus 130ac
– poor types – minus 130ac
18.5u – best types – no selection
– best/good types – no selection
– good types – minus 130ac
– poor types – minus 110ac
19.0u – best/good types – minus 100ac
– poor types – minus 100ac
19.5u – best/good types – minus 110ac
– poor types – minus 90/100ac
20.0/20.5u – FNF sound types –minus 100ac
– Poorer types – minus 100ac
21.0/21.5u – FNF sound types – minus 110ac
– Poorer types – minus 100ac
COMP. China
SKIRTINGS –
Best Length/Low VM types 16.5u/17.5u – 50/60ac cheaper
18.5u/19.5u – 60/70ac cheaper
Low VM poor types – 16.5u/17.5u – 100/120ac cheaper
18.0u/18.5u – 80/100ac cheaper
19.0u/20.5u – 80/100ac cheaper
High VM types – 16.5u and finer – no selection
17.0/18.5u – 120/130ac cheaper
19.0/20.0u – 120/130ac cheaper
Prems – 16.0/ 17.0u – 60/70ac cheaper
17.5 / 18.5u – 40/50ac cheaper
19.0 / 20.0u – 70/80ac cheaper
COMP. China/ Europe