By Olivia Agar | Source: Mecardo, Riemann
It’s the first day of winter, but the wool market’s as hot as it gets. Supply in the physical market is tightening up and as a result, the forwards market has been ripe with activity. 19 contracts traded this week across fine and mid fibre categories.
Fine wool of 18 micron traded at 2250¢ for October 2018 and 2225¢ for December 2018. Two deals for 18.5 micron were struck for August 2018, at 2245¢ and 2275¢. 19 micron fibres traded at 2005¢ for October 2018, while moving into next year, it traded at 1955¢ for June and 1950¢ for August 2019.
Forward trades of 21 micron wool still centred on 2018. June 2018 traded at 2185¢ and July at 2155¢. Contracts for September started from 1965¢ to three trades at 2005¢. October saw two trades at 1975¢, while November dealt at 1900¢ and 1950¢. December also saw a trade at 1950¢, while February 2019 traded at 1910¢.
There were no minimum price contracts this week.
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