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Online wool platform Wooltrade sells as physical market improves

Sheep Central, June 28, 2016

Wooltrade logoWOOLTRADE sold 185 bales of wool last week, as the AWEX Eastern Market Indicator improved 15 cents to 1285c/kg clean by Thursday.

Wooltrade market operator Harriet Forester said the United Kingdom’s vote to exit the United European Union resulted in a decrease of the $A-US dollar exchange rate, influencing the market towards the end of the week.

More than one third of the wool sold by auction last week was bought on Friday. Online, the top price for the week was 1400c/kg greasy or 1857c/kg clean, for a three-bale line of 15.3 micron Merino weaner fleece branded DH/Walcha and offered by Elders. The line yielded 75.4 percent, with an average staple length of 90mm, a tensile strength of 41Newtons/kilotex and 0.3pc vegetable matter content.

An eight-bale line of 17.8 micron wool, 64.8pc yield, length 96mm, 31N/kt tensile strength and 0.7pc vm sold for 933c/kg greasy or 1440c/kg clean.

A 10-bale line of 18.4 micron fleece wool sold for 1055c/kg greasy or 1496c/kg clean. It yielded 70.6pc, was 78mm long, with a tensile strength of 39N/kt and 0.9pc vm.

A single bale of 19.4 micron fleece made 925c/kg greasy or 1471c/kg clean. It yielded 62.9pc, was 94mm long, with a tensile strength of 32N/kt and 0.3pc vm.

A 12-bale line of 20.1 micron wool, with a yield of 72.5pc, an average length of 94mm, tensile strength of 40N/kt and 0.7pc vm sold for 1045c/kg greasy or 1441c/kg clean.

A two-bale line of 21.6 micron fleece sold for 870c/kg greasy or 1405c/kg clean. It yielded 61.9pc, with an average staple length of 72mm, a tensile strength of 42N/kt and 0.9pc vm.

A 14-bale line of 22.3 micron Merino fleece with a yield of 64.7pc, 105mm average staple length, a tensile strength of 41 N/kt and 0.4pc vm made 910c/kg greasy or 1406c/kg clean.

The top-priced carding lot was a three-bale line of 17.1 micron Merino locks sold under the brand Redwood/Assoc that sold for 660c/kg greasy or 1136c/kg clean. It yielded 58.1pc with 0.9pc vm and was offered by Fox and Lillie.

All three AWEX centres — Sydney, Melbourne and Fremantle — are selling this week, with more than 33,000 bales catalogued.

“The small volume offered at the physical markets last week helped to see it make a good gain.

“However, the Australian dollar is now higher than levels last week and will no doubt have a major impact,” Ms Forster said.

Click here to read Wooltrade’s latest Top Prices Summary.

Source: Wooltrade.

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