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Saturday, May 21, 2016

Riemann Wool Forwards – week ending 20/05/2016

By Matt Dalgleish  |  Source: Riemann

Key points

2016-05-20 RIEMANN FIG 1

Some forward sales action this week mostly in the 19-micron class on the Riemann platform as the A$ continues its slide and exporter look to lock in some contracts into the first quarter of 2017 allowing growers to get some orders set.

Trades for July 2016 in the 19-micron category were noted at 1450¢/kg and March 2017 saw contracts deal for 1420¢/kg.

The 21-micron category saw early July 2016 deal at 1380¢/kg.

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