By Olivia Agar | Source: Mecardo, Riemann
The forwards market is drawing in on the strength of the physical wool market and the softer Aussie dollar. 27 forwards contracts traded across a broad spectrum of micron categories and two options contracts were taken out for 19 micron wools.
In the fine wools, 18 micron wool traded at 2355¢ for October 2018. Contracts that traded for expiry in 2019, included January at 2310¢ and both March and May at 2155¢. A trade for 19 micron was struck at 2155¢ for October 2018.
Medium fibres of 21 micron saw deals at 2240¢ for August 2018, between 2085¢ and 2110¢ for September 2018 and between 2050¢ and 2140¢ for October 2018. Contracts also traded at between 2030¢ and 2100¢ for November 2018 and between 2000¢ and 2100¢ for December 2018.
2019 for the 21 microns saw deals trade at range 1980¢ to 2000¢ for January, while April saw a deal at 1970¢.
A 23 micron contract also traded this week, it was struck at 2030¢ for September 2018. 28 micron went for 900¢ for November 2018.
There were two minimum price contracts taken out this week for 19 micron fibres. One contract was set at a strike price of 2050¢ for early September and the other for a strike price of 2025¢ for late September with a premium on both of 40¢.
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