Wooltrade enjoys a piece of wool-buying action in big week

Sheep Central November 22, 2016

Wooltrade logoWOOLTRADE has had it biggest trading week in a month, as the supply of wool compounded with a favourable exchange rate last week.

Wooltrade market operations supervisor Tom Rookyard said the wool supply on offer at the physical auctions was clearly not enough last week, as Wooltrade 856 bales sold online.

This was the largest volume traded on Wooltrade in over a month, with the peak of the enquiry coming on Thursday from buyers and exporters, he said. Further online interest started early this week.

Mr Rookyard said last week exporters and buyers were apparently short for immediate shipments and commission buyers were aided by the exchange rate.

“In addition to this, no doubt buyers are conscious of the possible deterioration of quality due to the recent wet weather, and the high probability that we will start to see wool flush with grass seed and burr.

“This jump in the market was reflected with the AWEX EMI lifting 2 cents on Tuesday, 7 cents on Wednesday and 15 cents on Thursday, to close at 1314 cents,” he said.

“The West Australian market indicator had 19 cents and 10 cents added to it to close at 1382 cents on Thursday.

“To highlight the strength of the current wool market, the AWEX EMI so far, this calendar year has only had a range of just over 100 cents,” Mr Rookyard said.

“Its lowest point was in mid-April, falling to 1217 cents, while the highest point so far was in early to mid-October.”

The top-priced Wooltrade lot this week was an eight-bale line of EXSUPAAA fine 16.5 micron fleece wool, with 0.4 percent vegetable matter content and 71mm average staple length. The lot yielded 78.1pc with a tensile strength of 44 Newtons/kilotex and sold for 1320 c/kg greasy or 1690 c/kg clean. The line was offered by Jemalong Wool and branded MKM/Greenvale/NE.

A four-bale line of 17.5 micron fleece, with staple length of 100mm, yield of 76.6pc, tensile strength of 36N/kt and 0.1pc vm sold for 1250c/kg greasy, or 1632c/kg clean.

A seven-bale line of 18.3 micron fleece sold for 1204c/kg greasy, or 1616c/kg clean. It yielded 74.5pc, with a staple length of 98mm, tensile strength of 32N/kt and 0.3pc vm.

A four-bale line of 19.3 micron wool sold for 1162c/kg greasy, or 1545c/kg clean. The line yielded 75.2pc, with a staple length of 106mm, tensile strength of 40N/kt and 0.3pc vm.

Eight bales of 20 micron fleece with a staple length of 97mm, yield of 70.5pc, tensile strength of 31N/kt and 1.9pc vm sold for 1050c/kg greasy, or 1489c/kg clean.

A seven-bale line of 22.8 micron Merino fleece sold for 840c/kg greasy, or 1335c/kg clean. The line yielded 62.9pc, with an average staple length of 112mm, 2pc vm, and a tensile strength of 21N/kt.

A five-bale line of 23.1 micron fleece, with an average staple length of 104mm, yield of 60.5pc, 2.9pc vm and tensile strength of 21N/kt made 820c/kg greasy, or 1355c/kg clean.

An eight-bale line of 24 micron fleece sold for 900c/kg greasy, or 1291c/kg clean. The line yielded 69.7pc with an average staple length of 126mm, 1.3pc vm and a tensile strength of 35N/kt.

Skirtings were topped by a two-bale line of 15.2 micron AAASUP Merino pieces, that yielded 60.1pc, with an average staple length of 70mm, 0.3pc vm and a tensile strength of 36N/kt. It sold for 965c/kg greasy, or 1606c/kg clean, was branded Koongara/K and was offered by Landmark.

Mr Rookyard said the strength of the market is expected to be maintained this week, due to a slightly smaller offering of wool compared to last week and the falling $A-US exchange rate.

Source: Wooltrade.


Your email address will not be published. Required fields are marked *

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


Get Sheep Central's news headlines emailed to you -