Ram Sale Reports

Online Wooltrade bale sales settle as physical wool market consolidates

Sheep Central, May 24, 2016

Wooltrade logoONLINE wool seller Wooltrade had a quiet week of trading last week after the physical wool market consolidated.

Wooltrade market operations supervisor Tom Rookyard said 79 bales were sold online as the wool market consolidated for the third consecutive week and the AWEX Eastern Market Indicator rose 4 cents to 1291c/kg clean.

“This minimal gain saw buyers and exporters achieving their wool requirements at the physical auctions.

“Thus Wooltrade had a quieter week compared to the volume traded over the previous few weeks.”

The top-priced lot this week was a four-bale line of 15.5 micron weaner fleece, with an average staple length of 79mm, a yield of 74.5percent, tensile strength of 51Newtons/kilotex and 0.9pc vegetable matter content. The line sold for 1839c/kg clean, or 1370c/kg greasy, under a ‘Roseglen’ brand and was offered by Australian Wool Network.

An eight-bale line of 18.4 micron Merino fleece that yielded 77 percent with an average staple length of 103mm, a tensile strength of 40N/kt and 0.6pc vm sold for 1500c/kg clean or 1155c/kg greasy.

A 12-bale line of 21.1 micron wool sold for 1366c/kg clean or 885c/kg greasy. The line yielded 64.8pc, with an average staple length of 107mm, tensile strength of 44N/kt and 2.1pc vm.

Shorter carding and combing wool sold up to 1290c/kg clean, or 904c/kg greasy, for a five-bale line 16.1 micron Merino lambs fleece that yielded 70.1pc with 0.9pc vm. This lot was branded JI/Tombong and offered by Jemalong Wool.

A six-bale line of 34.1 micron crossbred wool with a yield of 69.5pc, mean length of 103mm, tensile strength of 27N/kt and 0.8pc vm made 437c/kg clean or 304c/kg greasy.

“Looking forward, the Australian-US dollar exchange rate remains at similar levels as last week, meaning the market should open at similar levels to last week.

“Eastern auction supplies are dwindling as we head into the winter and there is no West Australian wool auction this week with a recess at Fremantle,” Mr Rookyard said.

“Perhaps these more restricted supplies will cause the auction prices to strengthen.

“An interesting point looms for the Australian wool market, as the EMI has not broken the 1300c/kg mark since August last year.”

Click here for the latest Wooltrade Top Prices Summary.

Source: Wooltrade.

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Sheep Central's news headlines emailed to you -
FREE!