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Friday, June 17, 2016

Riemann Wool Forwards – week ending 17/06/2016

By Matt Dalgleish  |  Source: Riemann

Key points

2016-06-17 RIEMANN FIG 1

Forward trading activity was present this week in the shorter dated months for the 21-micron class on the Riemann platform allowing growers to get set at reasonably solid levels.

Mid-July 2016 saw contracts trading at 1400¢/kg clean while mid-August 2016 saw orders filled from 1375¢ to 1385¢.

Grower orders came onto the system for late March 2017 at 1425 in the 21-micron category and in the 28-micron class there were some 800¢ offers placed for a late November 2016 maturity.  

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