AuctionsPlus wool clients sell on market upswing

Sheep Central, October 16, 2019

ONLINE wool sellers took advantage of the market upswing last week, selling 617 bales on Australia’s digital trading platform AuctionsPlus.

AuctionsPlus operations manager Tom Rookyard said most types had buyer interest last week as overseas business was conducted.

“This resulted in buyers heading online to secure wool.

“AuctionsPlus Wool had 58 different grower brands achieve a sale, totalling 617 bales for the week.”

Mr Rookyard said the market upswing was reflected in the AWEX EMI gaining 18 cents on Tuesday and a further 14 cents on Wednesday and Thursday to close off at 1543c/kg clean, or in US dollar terms US1041c/kg. The West Australian indicator leapt 43 cents to close off at 1653c/kg.

The top-priced lot sold online last week was a three-bale line of 15.4 micron AAA Merino fleece wool that sold for 1390c/kg greasy, or 2032c/kg clean. The line yielded 68.4 percent with an average staple length of 93mm, a tensile strength of 39 Newtons/kilotex and a vegetable matter content of 1.4pc vm. The lot was branded I&B/T ALL IN A DIA and offered by Elders Melbourne.

AuctionsPlus said 16 and 17 micron fleece wool sold to a top of 1300c/kg and 1285c greasy or 1808c/kg and 1912c/kg clean. The 18 and 19 micron fleece wool sold made to 1270c/kg and 1228c/kg greasy or 1781c/kg and 1769c/kg clean.

AuctionsPlus sold 20 and 21 micron fleece wool to a top price of 1219c/kg and 1220c/kg greasy or 1712c/kg and 1660c/kg clean.

Merino pieces were topped by a three-bale line of 16.7 micron, 79mm-long lot offered by Elders Sydney. It had 2.9pc vm, was branded DF/CROYE and sold for 1110c/kg greasy or 1726c/kg clean.

There are about 40,000 bales available across all selling centres this week, with a designated superfine week in Sydney.

“Reports indicate some very well-presented clips, although many are showing more dust than they normally would carry,” Mr Rookyard said.

“High-yielding types are expected to draw keen buyer support.

“The yo-yoing market is not set to change anytime soo,” he said.

“Speaking with industry, many pundits won’t commit to which way the market is going to open due to its current volatility.

“As one buyer said, if a grower doesn’t need to sell their wool immediately, they stand as much of a chance of catching the upswing as they do a downswing.”


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