SUPERFINE wools led a mini-recovery last week as the Eastern Market Indicator closed the week 17c/kg dearer at 867c/kg clean.
However, in US dollars the EMI fell 2c/kg to US800c/kg clean
"The market has been a bit like corrugated iron," said Ian Shawcross of Arcadian Wool Brokers, referring the recent ups and downs in prices.
Much of last week's recovery began in Newcastle's specialty superfine offering, although Melbourne superfine also recorded strong gains.
Mr Shawcross said many of Arcadian's superfine clients were holding back their clips in the hope of a market lift.
Last week's southern 18-micron indicator closed at 1154c/kg clean, equal to the same price of a year ago, while the 21-micron indicator, at 899c/kg, was 160c/kg or 22 per cent higher than last year.
Mr Shawcross said many of the middle micron wool growers this year were 100c/kg greasy better off.
