Last week saw lots with unfavourable test results struggling to find support. High midbreaks fleece became almost unquotable, while low mid-breaks attracted intense competition and remained generally unchanged. 18.0 to 20.0 micron were the hardest hit, with prices generally 30 to 80 cents cheaper, leaving the NRI to close 56 cents lower at 1845. Worth noting was the stylish selection of fine fleece (<17 micron) which managed increases of 5 to 15 cents.
The magnitude of the correction in the skirting sector was dependent on vegetable matter, with the higher vm lots being the hardest hit. The cross bred sector also suffered large corrections. Any lines that were poorly prepared lacked buyer interest and suffered heavy discounts. Prices generally fell by 40 to 80 cents, the exception being 32 micron and coarser which were only 10 to 20 cents easier.
The oddment market was the worst performer by far, with prices shedding 150 to 250 cents, making it the largest weekly fall in the Carding Indicators (since1997).