Well-specified wool continued to outperform the physical auction market on Wooltrade last week, market operations manager Tony Benson said.
Mr Benson said Wooltrade’s top price for the week was for 1631c/kg clean for a clip branded CDF/NEW ENGLAND and offered by the Australian Wool Network.The best style superfine weaner fleece line measured 15.2 microns, with 0.5 percent vegetable matter, 75.7pc yield, 83mm staple length and a tensile strength of 37 Newtons/kilotex tensile strength.
“The clip’s three lots all under 16.1 sold for above 1600c/kg clean and all were very well-specified fleece bucking the falling trend of the rest of the market,” Mr Benson said.
“Merino weaner pieces saw interest from a few different buyers with 15.4 micron clean, but tender weaner lots selling for up to 1248c/kg clean.
“In the earlier part of the week 18 microns were selling for up to 1330c/kg clean and 19s to 1285c/kg clean,” he said
“The latter price is exclusively for strong wools up to 92mm and that is the general theme this week; well- specified wools continue to outperform the market.”
Wooltrade & AuctionsPlus Wool sell 4046 bales in three weeks
Mr Benson said Wooltrade and AuctionsPlus Wool have 4046 bales in the past three weeks, with keen growers listing wool at the market prices.
“Because we know historically that spikes in the wool market are short and sharp and seeing the top is only visible in hindsight.”