The wool market began to show signs of nervousness with the Coronavirus out of China sending negative signals to the market. A number of woollen mills in China are closed till February 8th due to the Coronavirus, they will then review the situation before considering re-opening.
All categories of wool were affected especially Lambs wool which continues to be in free fall for most micron categories. Passings crept up to 23% which we have not seen for sometime.
The offering today had a high percentage of good colour fleece which struggled to meet good demand. The Australian market has also been severely affected by the Chinese issues.
Sale approximately 23%
Thursday 5 February 2020
Approx. 5,129 bales