Markets

Resurgent wool market sparks online buying with Wooltrade

Sheep Central, November 4, 2015

Wooltrade logoA RESURGENT wool market has helped Wooltrade have its biggest trading week since the 2013-14 season.

Online platforms AuctionsPlus and Wooltrade sold more than 3500 bales of growers’ wool last week, including more than 2200 bales on Wooltrade.com.au, its busiest week of sales since the 2013/14 season.

Wooltrade market operations officer Tom Rookyard said the month of October has been a wild period for the Australian wool market.

“However, the final week in October has seen the AWEX EMI gain 25 cents on Wednesday, and then a further 20 cents on Thursday to finish at 1250 cents clean.

He said the past two strong weeks for the market have all but erased the damage done over the previous five weeks, when the market hit its lowest point since mid-April this year.

Ultrafine 14.3 micron fleece line tops Wooltrade

Mr Rookyard said the top priced online lot for the week was a three-bale SupAAA weaners fleece lot branded Oak Hills/Sallys Flat and offered by Australian Wool Network that made 1864c/kg clean, or 1430c/kg greasy. The 14.8 micron line yielded 76.7 percent with an average staple length of 77mm long, a tensile strength of 46 Newtons/kilotex and vegetable matter content of 0.5pc.

In other online sales last week a nine-bale 17.1 micron line made 1509c/kg clean, or 925c/kg greasy. It yielded 61.3pc with a staple length of 96mm, tensile strength of 29N/kt and 2.1 pc vm.

A nine-bale line of 18.6 micron fleece wool that sold for 1454c/kg clean, or 970c/kg greasy, yielded 66.7pc, with a staple length of 81mm, tensile strength of 35N/kt and 1.9pc vm.

A 10-bale line of 19.4 micron fleece that sold for 1407c/kg clean, or 903c/kg greasy, yielded 64.2pc, with a staple length of 82mm, tensile strength of 40N/kt and 1.8pc vm.

A 13-bale line of 20.2 micron fleece made 1355c/kg clean, or 924c/kg greasy. It yielded 59.8pc, with a staple length of 103mm, tensile strength of 29N/kt and 1.5pc vm.

Four bales of 22.4 micron Merino fleece that sold for 1320c/kg clean, or 890c/kg greasy, yielded 67.4pc, was 92mm long and had a tensile strength of 38N/kt and 1pc vm.

A 15-bale line of 23.1 micron Merino wool sold for 1258c/kg clean, or 888c/kg greasy. It yielded 70.6pc, with a staple length of 95mm, tensile strength of 42N/kt and 1pc vm.

Crossbred fleece wool sold to 962c/kg clean, or 680c/kg greasy, for a nine-bale line that yielded 70.7pc and had 1.3pc vm. It was offered by Don MacDonald & Co.

Mr Rookyard said fine Merino weaners pieces also sold to 1655c/kg clean, or 1190c/kg greasy, for an 11-bale line that tested at 14.3 micron, with a 71.9pc yield, 73mm staple length, tensile strength of 38N/kt and 1.1pc vm. This lot was offered by Elders Sydney and branded Yalgoo/NE.

Wool market in bouyant position

“Looking forward, the market is at a buoyant position after marking up so much ground.

“Moving forward into the Christmas period, the January orders could see another surge,” Mr Rookyard said.

“This week’s market will be tested after the gains it made and will be dependent on the buying companies who still have orders to fill.”

Click here for last week’s 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!