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Friday, August 19, 2016

Riemann Wool Forwards – week ending 19/08/16

By Matt Dalgleish  |  Source: Riemann

Key points

2016-08-19 Riemann Wool Forwards Fig 1

This week saw the transition of the Riemann wool forward contract to a financial product, which means the market can now be accessed by more participants. Consequently, we have seen an increase in volumes traded and also tighter bid/offer spreads which will be a great benefit to all players.

Most of this week’s activity was in the 21-micron class where 1420¢ and 1425¢ traded for mid-September 2016 maturity. October 2016 trades ranged between 1385-1390¢ and February 2017 saw deals conducted at 1355¢.

The 19-micron saw some action for December 2016 at 1450¢ and the coarser fibres got into the mix too with the 30-micron February 2017 contract dealing at 640¢ and the 28-micron December 2016 tenor trading at 730¢.

Northern MPG
Northern MPG

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Southern MPG
Southern MPG

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Western MPG
Western MPG

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