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Early online wool inquiry fuels firm auction market hope

by Sheep Central, 11 July 2017

AUCTIONSPLUS online wool trading platform Wooltrade attracted limited buyer enquiry last week, as the physical auction market started the 2017/18 financial year by closing firm.

Wooltrade market operations supervisor Tom Rookyard said the AWEX Eastern Market Indicator closed at 1524c/kg clean last week and the Western Australian market indicator finished at 1561 cents.

“Online AuctionsPlus saw limited buyer enquiry throughout the week with a total of 46 bales sold,” he said.

The top-priced lot online was a bale of 14.4 micron Merino fleece wool branded XXSUPERAAAA with 1 percent vegetable matter content that sold for 2005c/kg greasy or 2642c/kg clean. The line yielded 75.9pc, with an average staple length of 66mm and a tensile strength of 56 Newtons/kilotex. The lot was offered by Landmark Sydney for Lynwood/Crudine.

A 16-bale line of 20.2 micron Merino fleece with a yield of 64pc, a staple length of 79mm, tensile strength of 41N/kt and 2.7pc vm sold for 998c/kg greasy or 1559c/kg clean.

An 11-bale line of 21.3 micron wool made 900c/kg greasy or 1513c/kg clean. The line yielded 59.5pc, was 94mm long with a tensile strength of 39N/kt and 2pc vm.

Mr Rookyard said although there are 45,000 bales on offer across all three selling centres this week,  AuctionsPlus had buying inquiry early this week, the final week before the annual three-week July recess.

“Thus should the current demand from China of wool for quick shipment maintain its level the market should hold firm.”

Source: Wooltrade.

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