A ROLLER coaster ride is the best way to sum up November's wool markets.
The month closed relatively similar to where it started, with significant price rises and falls over the last five sales.
The Western Market Indicator (WMI) started and finished the month at 1069 cents a kilogram and 1044c/kg respectively.
In the east, the changes were the same starting at 1048c/kg and closing at 1034c/kg.
There was also a lot of wool in front of the buyers with November seeing two of the largest sales of the season.
Dyson Jones WA manager Peter Howie said it appeared the market had found a level, particularly towards the end of last week.
He was also expecting a stronger market this week after a high level of inquiry on Friday.
"It looks like we will have a good run up until Christmas," Mr Howie said.
"While the market traditionally flattens out at this time of year, particularly with the three-week break. If we finish on a good note we would be likely to see that continue into next year."
He said the larger sales didn't seem to impact the prices too much as there was still a shortfall in the pipeline.
Mr Howie said they were hoping for a strong February and March and if the market opened well in the new year this result was likely.
Landmark business development manager Ben Silverman said the 107c/kg rise over the past three months was due to low stocks of greasy wool and wool tops in China.
He said there were increasing levels of business done with China within 20c clean of the current market levels and a number of mills were utilising their existing import quota before the end of the year.
Mr Silverman also said at present there was little to no stocks of wool in Europe.
"It appears that some new business has been written and I am expecting a very strong market for the last two wool sales this year," he said.
"Heading into 2013 we will need to see a continual improvement in the European economy and new business written for the wool market to strengthen."
