Fundamentals remain unchanged, however as the exchange rate falls down to 80US cents wool is fast becoming more attractive by the day, the problem at present is the slowdown in Worldwide economies and hence consumption of raw materials such as wool. Chinese mills are caught with stock which is now very expensive in US dollar terms and also there ability to source credit has been greatly diminished. As supply continues to fall year in year out, this season we are yet to see the normal Spring influx which the market anticipates and as we draw closer to 2009 the market will gather momentum again as quantities January to June will be critically low. Expect this week to be slightly dearer 5/15 cents which is currency driven.