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AuctionsPlus sells more than 500 bales as wool auction market lifts

by Sheep Central, 13 February 2018

ONLINE wool sales increased last week as all types were well-supported on Australia’s physical auction market.

AuctionsPlus market operations supervisor Tom Rookyard said there was strong buyer and exporter engagement online and 503 bales were sold.

The physical auction market price benchmark, the AWEX Eastern Market Indicator, rose 80 cents last week to close at 1818c/kg clean, or US1423c/kg in $US terms, and the Western Australian Indicator lifted 201 cents to 1921c/kg clean.

On AuctionsPlus last week, the top-priced line was six bales of 17.3 micron Merino fleece wool that sold for 1798c/kg greasy, or 1798c/kg clean. The line yielded 71.3 percent, with an average staple length of 83mm, a tensile strength of 31 Newtons/kilotex and 2.5pc vegetable matter content. The line was branded Chickerloo and was offered by Elders.

A nine-bale line of 18.1 micron wool made 1650c/kg greasy, or 2227c/kg clean. It yielded 74.1pc, was 99mm long, with a tensile strength of 33N/kt and 0.8pc vm.

A single bale of 19.5 micron Merino fleece with a yield of 68.6pc, staple length of 88mm, tensile strength of 48N/kt and 0.5pc vm sold for 1448c/kg greasy, or 2111c/kg clean.

Seven bales of 20 micron AAAM fleece sold for 1404c/kg greasy, or 1908c/kg clean. The line yielded 76.4pc, was 101mm long, with a tensile strength of 39N/kt and 0.5pc vm.

A five-bale line of 21.1 micron Merino fleece with a yield of 73.5pc, an average staple length of 61mm, tensile strength of 66N/kt and 0.9pc vm made 1269c/kg greasy, or 1727c/kg clean.

A 13-bale line of 22.3 micron AAAM made 1120c/kg greasy, or 1635c/kg clean. The line yielded 68.5pc, was 87mm long, with a tensile strength of 42N/kt and 0.7pc vm.

Merino pieces lines were also in demand on AuctionsPlus last week. A four-bale line of 17.1 micron pieces sold for 1268c/kg greasy, or 2305c/kg clean. It yielded 55pc, was 91mm long, with a tensile strength of 24N/kt and 2pc vm. The lot was offered by Moses and Son Wool Temora and branded Lallarook.

A 10-bale line of 18 micron Merino pieces with a yield of 63.2pc, staple length of 65mm, tensile strength of 33N/kt and 2.9pc vm sold for 1319c/kg greasy, or 2087c/kg clean. This lot was branded TA/F (India)/Benangaroo.

Mr Rookyard said early reports suggest that the auction market this week should open firm and continue to be well-supported throughout the week.

Source: AuctionsPlus.

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