ONLINE wool sales have opened strongly in 2020, with AuctionsPlus Wool selling more than 3700 bales this month up to the end of last week.
AuctionsPlus operations manager Tom Rookyard said AuctionsPlus Wool had a hive of activity in January, selling 3011 bales before the AWEX auctions started last Tuesday.
He said a further 773 bales were sold online across the three days of auctions and 1205 bales for the week, to total 3784 bales sold on AuctionsPlus up to Sunday January 19 2020.
Buyers have already looked to AuctionsPlus Wool to source wool outside of the auctions, and 34 bales were sold up to yesterday morning.
Auction market opened with a bang
Mr Rookyard said the Australian wool auction market opened its first week of 2020 with a bang, giving the appearance of being over-excited and then correcting itself by the end of the week.
“Reports suggest that the stabilizing US-China trade way is providing much needed confidence to many global economies, which is flowing onto the wool market.”
This was reflected by the AWEX EMI gaining 85 cents on Tuesday and Wednesday, only to lose 34 cents on Wednesday to close at 1609c/kg clean, he said. The West Australian indicator gained 16 cents across the two days to close at 1687c/kg clean.
Mr Rookyard said the top-priced lot sold online last week was a five-bale line of 15.7 micron SUPER AAAA Merino fleece wool that made 1750c/kg greasy or 2346c/kg clean. The lot was offered by Landmark and branded W in Tri/Tarana.
He said a four-bale line of 14.8 micron non-mulesed Merino fleece sold for 1685 c/kg greasy or 2453c/kg clean, and a six-bale line of 16.8 micron NM wool made 1660c/kg greasy or 2213c/kg clean. The 17 micron fleece sold online made up to 1552c/kg greasy or 2016c/kg clean, and 18 micron fleece made to 1480c/kg greasy or 1907c/kg clean. The 19 micron fleece sold up to 1405c/kg greasy or 1891c/kg clean, and 20 micron wool made to 1320c/kg greasy or 1864c/kg clean.
An eight-bale line of 15.3 micron Merino pieces made to 1150c/kg greasy or 1882c/kg clean, and an 11-bale line of 17.1 micron pieces sold for 1190c/kg greasy or 1871c/kg clean. The 18 micron Merino pieces sold for1030c/kg greasy or 1714c /kg clean, and 19 micron pieces made to 740c/kg greasy or 1451c/kg clean.
The top-priced Merino pieces lot was a six-bale line of 16.1 micron wool offered by Primaries of WA. The lot was branded Inverness and sold for 1210c/kg greasy or 2010c/kg clean.
“Looking forward, the wool market appeared to be in a positive position; however, views are split on where the market will open,” Mr Rookyard said.
He said an estimated 51,700 bales are to be offered across all three selling centres this week, which will no doubt test the appetite of overseas mills.