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Weekly Wool Market Report 21st November 2007'
Weekly Wool Market Report 21st November 2007'

Last week I noted the large rises were exporter driven due to falling exchange rates against the US dollar and real demand would need to follow to hold prices, this did not occur with China/India rejecting the new price level and wiping out most of the rise on Wednesday/Thursday. The two star performers over the past 6 months have been the skirtings and cardings which generally held firm while Xbred types also lost ground. Expect the market to track sideways until we see a sudden movement in exchange rates or a rush for December shipments, with only 4 selling weeks left until the end of the year buyers will also be reluctant to carry too much stock over the Xmas recess.


Posted on Wednesday, November 21, 2007
Posted by Scott Sealy  Contributed by
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