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Monday, June 27, 2016

Riemann Wool Forwards – week ending 24/06/2016

By Matt Dalgleish  |  Source: Riemann

Key points

2016-06-27 Riemann Fig 1

The physical wool market held its ground this week despite a higher A$, to see medium fibres post 15-25¢ gains. This flowed through into the forward market to see some action in the 21-micron contract for mid-August 2016 trading at 1380¢/kg.

There were some grower orders placed during the week in the 21-micron category for April 2017 at 1300¢/kg and for early November 2016 at 1325¢/kg.

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