WOOL buying activity eased slightly on the AuctionsPlus offer board last week as more clips were offered at national physical auctions.
The AuctionsPlus offer board sold 460 bales last week, with a 15 micron Merino fleece line making the top price of 2135c/kg greasy or 2965c/kg clean.
The line had an average staple length of 79mm and 0.3 percent vegetable matter. It was branded ‘Eastwood’ and offered by Nutrien Ag Solutions Victoria.
The 17 and 18 micron fleece wool sold last week made to 1140c/kg greasy or 1845c/kg clean. The 67 bales of 20 micron wool sold made to 955c/kg greasy or 1358c/kg clean.
AuctionsPlus said the demand shown in the nation’s physical auction was not shown on the online offer board with fewer bales sold than the previous week, indicating an increase in buyer confidence at auction.
There were 52,656 bales — 458 more – offered at the national physical auctions last week.
The AWEX Eastern Market Indicator rose 1 cent on Tuesday, 2 cents on Wednesday and a further 1 cents on Thursday to close out the selling week at 1310c/kg greasy or US1020c/kg in US dollar terms.
The strong offering was matched with robust demand and the pass-in rate was 9pc, 10pc lower than the previous week.