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Online wool demand restricted but consistent as auction market held firm

by Sheep Central, 13 September 2017

AUCTIONSPLUS had restricted but consistent online enquiry for wool last week.

AuctionsPlus market operations supervisor Tom Rookyard said with the physical wool market holding mostly firm, finer types attracted buyer interest online.

He said a modest 36 bales were sold online, as the AWEX Eastern Market Indicator lost 1 cent on Wednesday and again on Thursday to close at 1556c/kg clean. The West Australian indicator had 1 cent added to it on Wednesday, but then lost 10 cents on Thursday to settle at 1600c/kg clean.

The top price online last week was a three-bale line of 14.1 micron weaners fleece, that sold for 2193c/kg greasy, or 2797c/kg clean. The line yielded 78.4 percent, with an average staple length of 76mm, a tensile strength of 32 Newtons/kilotex and vegetable matter content of 0.6pc. It was offered by Beecher Wool Services at Cowra, branded SG & AEB. Mr Rookyard said the same vendor also sold a two-bale line of 14.3 micron fleece wool with 0.9pc vegetable matter that sold for 1938c/kg clean greasy or 2753c/kg clean. The line had a yield of 70.4pc, was 73mm long, with a tensile strength of 31N/kt and 0.9pc vm. This is the second consecutive week the top-priced line was offered by the grower.

AuctionsPlus also sold a two-bale line of 16.5 micron wool with a yield 63pc, an average staple length of 65mm, tensile strength of 42N/kt and 4pc vm that made 1335c/kg greasy, or 2119c/kg clean.

A four-bale 17.4 micron AAM line sold for 1540c/kg greasy, or 2121c/kg clean. It yielded 72.6pc, was 101mm long, with a tensile strength of 41N/kt and 0.5pc vm.

A three-bale line of 17.7 micron fleece that yielded 61.1pc, with an average staple length of 95mm, a tensile strength of 31N/kt and 1.3pc vm made 1170c/kg greasy, or 1915c/kg clean.

A five-bale line of 18.2 AAM fleece made 1300c/kg greasy, or 1952c/kg clean. It yielded 66.6pc, was 106mm long, with a tensile strength of 34N/kt and 0.7pc vm.

A five-bale line of 19 micron fleece that yielded 75.7pc, was 99mm long, with a tensile strength of 39N/kt was sold for 1380c/kg greasy, or 1823c/kg clean.

Mr Rookyard said reports indicate the market should trade at similar levels this week. He said the Nanjing Wool conference opens at the end of this week in China.

“All are interested to here of the reports that filter back to Australia from this event.”

Source: AuctionsPlus.

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