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Saturday, June 04, 2016

Riemann Wool Forwards – week ending 03/06/2016

By Matt Dalgleish  |  Source: Riemann

Key points

Wool1

A steady physical auction market this week and stable A$ flowed through to a reasonably quiet forward market. Athough, some trading was noted in the 21-micron class.

The July 2016 contract traded at 1380¢/kg.

Near date orders came in for July 2016 in the 21-micron class at 1395¢ and for late June 2016 in the 30-mpg category at 740¢/kg.

Grower orders came in for late September at 1380¢ in the 21-micron category and for January 2017 at 1400¢. The 19-mpg saw some orders placed at 1450¢ for late October 2016.

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