ONLINE wool sales steadied last week, with a continuing preference for fine Merino wool with good specifications.
The AuctionsPlus online offer board sold 204 bales last week, with 65 bales of 16 micron wool selling and 22 bales of 18 micron being traded. The 16 micron wool sold at a top of 1925c/kg greasy or 2484c/kg clean and 18 micron fleece made to 1431c/kg greasy or 1898c/kg clean.
The top-priced lot online was a 15.4 superfine Merino fleece line that sold for 2010c/kg greasy or 2723c/kg clean. The lot had a mean staple length of 98mm with 0.3 percent vegetable matter. It was offered by Nutrien – Victoria for ‘Kelvedon’.
With seasonal changes and wet conditions on the way, it will be interesting to see the affect shearing rates and storage ability has on the market in coming weeks, AuctionsPlus said.
The national physical wool auction offering dropped to 40,402 bales last week, down from 46,256 the previous week. However, the market recorded positive results, with demand pushing the AWEX Eastern Market Indicator 27c on Tuesday and softening to 21c on Wednesday, closing the selling week at 1312c/kg or 1012c in US dollar terms.
The passed in rate contracted from last week, sitting at 10.7pc.
AuctionsPlus said Australia is some seeing positive movement from China and other interest in Europe and India, providing activity to assist the market in the finer micron fleeces. The selling week failed to deliver the expected scheduled offering, falling short by over 5,000 bales. With a boost in weekly gains and enjoyable sale outcomes seen this week, it will be interesting to see if the 51,000 scheduled bales on offer for next week will be met.