Markets

Wool market stability leads to further online Wooltrade buying

Sheep Central, June 6, 2016

Wooltrade logoWOOL market stability led to further online buying on the Wooltrade platform last week.

Wooltrade market operations supervisor Tom Rookyard said the wool market last week maintained its position, with the AWEX Eastern Market Indicator firm on Wednesday and only losing 1 cent on Thursday to close at 1296c/kg.

“Over the past four weeks, the market has been remarkably stable, with only a 10-cent change over that period.

“The market stability has seen buyers and exporters continue to buy online, with 248 bales sold last week,” he said.

The top-priced lot on Wooltrade last week was a seven-bale line of 14.8 micron SUPAAA Merino weaners fleece that sold for 2084c/kg clean, or 1605c/kg greasy. The line yielded 77pc, with a mean staple length of 77mm, a tensile strength of 46N/kt and 0.7pc vegetable matter content. It was branded Yalgoo/NE and offered by Elders Sydney.

Also on Wooltrade last week, an 18-bale line of 17.2 micron wool sold for 1564c/kg clean, or 1220c/kg greasy. The line yielded 78 percent, with an average staple length of 91mm, a tensile strength of 55Newtons/kilotex and a 1.9pc vegetable matter content.

A five-bale line of 18.4 micron fleece wool sold to 1533c/kg clean, or 1150c/kg greasy. The line yielded 75pc, was 82mm long, with a tensile strength of $N/kt and 0.4pc vm.

A five-bale line of 19.1 micron fleece with a yield of 72.8pc, average staple length of 101mm, tensile strength of 37N/kt and 0.5pc vm sold for 15112c/kg clean, or 1100c/kg greasy.

A single bale of 20.1 micron wool sold for 1439c/kg clean, or 963c/kg greasy. The bale yielded 66.9pc, with an average staple length of 81mm, tensile strength of 28N/kt and 0.8pc vm.

An 11-bale line of 21.1 micron fleece sold for 1421c/kg clean, or 1006c/kg greasy, with a yield of 70.8pc, 105mm staple length, a tensile strength of 41N/kt and 0.2pc vm.

A four-bale line of 22.4 micron fleece wool made 1336c/kg clean, or 918c/kg greasy. The line yielded 68.7pc, with an average staple length of 98mm, a tensile strength of 31N/kt and 3.2pc vm.

A six-bale line of 23.1 micron fleece made 1340c/kg clean, or 890c/kg greasy. It yielded 66.4pc with a mean staple length of 91mm, a tensile strength of 40N/kt and 2.5pc vm.

A five-bale line of 17.8 micron fine Merino pieces sold for 825c/kg greasy, or 1377c/kg clean. It yielded 59.9pc, with an average staple length of 93mm, tensiles strength of 36N/kt and 1.2pc vm.  The line was branded GAS/Winjallok and was offered by Fox and Lillie Rural.

Mr Rookyard said this week there are wool auctions in Sydney and Melbourne, with Fremantle not selling due to limited quantities.

“To be noted, there is the large amount of wool rostered at Sydney and Melbourne, with about 12,000 and 16,000 bales available respectively.

“The Australian-US dollar exchange rate is at similar levels to that of last week,” he said.

“Nevertheless, any strengthening the Australian dollar might see, could only encourage negative impact on the wool market.”

Source: Wooltrade.

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