Markets

Wooltrade enquiry solid with physical market strength

Sheep Central, December 8, 2015

Wooltrade logoWOOLTRADE had its strongest trading week since mid-November last week as the AWEX Eastern Market Indicator closed at 1247c/kg clean.

With the physical wool market only losing four cents over the past four weeks and now 193 cents clean stronger than at the same time last year, Wooltrade market operations officer Tom Rookyard said the online platform sold 313 bales.

The top-priced lot was a two-bale 16.1 micron line of SUPAAA fleece that sold for 1549c/kg clean or 1004c/kg greasy. The line had a yield of 64.8 percent, an average staple length of 83mm, tensile strength of 36 Newtons/kilotex and 2.7pc vegetable matter content. This lot was branded “MANASON” and offered by Moses & Son of Wagga Wagga, New South Wales.

A three-bale line of 17.3 micron fleece wool with a yield of 64.7pc and average staple length of 89mm sold for 1468c/kg clean or 950c/kg greasy. It had a tensile strength of 33N/kt and 0.6pc vm.

A seven-bale line of 18.2 micron fleece sold for 1474c/kg clean or 868c/kg greasy. The WA line yielded 58.9pc, with an average staple length of 83mm, a tensile strength of 29N/kt and 2.2pc vm.

A southern three-bale line of 19 micron Merino fleece sold for 1450c/kg greasy or 1018c/kg clean. It had a yield of 70.2pc, an average staple length of 78mm, tensile strength of 37N/kt and 0.6pc vm.

A seven-bale line of 20 micron fleece made 1316c/kg greasy or 879c/kg clean with a yield of 66.8pc and an average staple length of 103mm. Its tensile strength was 35N/kt and it had 1pc vm.

Topping the 21 micron category at 1312c/kg clean or 900c/kg greasy was a seven-bale line that tested with a yield of 68.6pc, an average staple length of 105mm, a tensile strength of 36N/kt and 0.5pc vm.

Mr Rookyard said there was strong enquiry for Merino pieces, with six bales of 16.4 micron skirtings making 1437c/kg clean or 940c/kg greasy. It tested with a yield of 65.4pc, an average staple length of 81mm, a tensile strength of 34N/kt and 1.9pc vm. This lot was branded “BROOKSIDE/CC” and offered by Arcadian Wool Brokers.

“Looking forward, there is once again no indication that the market will be dearer this week,” Mr Rookyard said.

“However, as one northern wool buyer commented, historically this is a period where a squeeze heading into December for prompt shipment would not be of any surprise.”

Click here to see Wooltrade’s top prices summary for last week.

Source: Wooltrade.

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