Wooltrade market operations manager Tony Benson said the wool market showed some solid resilience last week to any downside, but still posted some minor price corrections in some of the Merino fleece categories.
“Wooltrade sales bubbled along all week with a wide spread of different wool except carding and crossbred types finding buyers.
“Our top price was 1946c/kg clean for an amazing 14.5 micron Merino weaner fleece lot branded TA/F IN DIA/CONGI/NE and offered by Landmark NSW,” he said.
The lot had just 0.2 percent vegetable matter, a 76.3 percent yield, 89 millimetre staple length and a tensile strength of 31 Newtons/kilotex.
“Interest in superfine wool on Wooltrade was assisted by the designated superfine sale held at Yennora where by all accounts, prices were holding well with good support for the catalogue,” Mr Benson said.
Interest picking up for 17-18 micron wool
The second top price on Wooltrade was 1517c/kg clean for an Australian Superfine lot measuring 15.4 microns branded MACQUARIE HILLS/JJ and offered by Roberts Wool. Mr Benson said the lot had a yield of 75.8pc, staple length of 71 millimetres and a tensile strength of 41 N/kilotex.
“Interest in 17-18 micron Merino fleece picked up late in the week, with our 17 micron top price at 1347c/kg to 1173c/kg for a 19.3 micron lot.
“For 20 to 21 micron Merino fleece, the price is at or around 1160-1175c/kg for well-specified wool and has been holding ground at those levels for a couple of weeks,” Mr Benson said.
“Wooltrade had one lot measuring 21.8 micron fleece that sold at 1170c/kg, showing how similar pricing for 20-22 micron fleece wool is at the moment.”
Hot demand for cardings and crossbreds on AuctionsPlus Wool
Mr Benson said Wooltrade sold no cardings and crossbreds last week as supply on the system is very limited for those wools and they are at the very top of their price ranges.
“But it’s a different story on AuctionsPlus Wool where most lots are room 2 type wools and sales were hot again last week.
“Over 10,000 bales are listed on Wooltrade this week, with many growers listing wool to make sure they have ongoing marketing of their clip.”