Wool Trade

WoolTrade prices bouyant on rising physical market

Terry Sim, August 13, 2014

Prices for 17-20 micron Merino fleece were outstanding on AuctionsPlus’ WoolTrade last week, according to market operations manager Tony Benson.

“A wool market on the rise is a pleasing thing to watch but the writing was on the wall for those who watched the AuctionsPlus recess sale where prices were very solid across the board,” he said.

“Wooltrade continued the good news with some outstanding prices for 17-20 micron Merino fleece wool.”

Mr Benson said WoolTrade’s top price for the week was 1100c/kg greasy (1434c/kg clean) for a three-bale Elders line branded Elvezia. The 15.8 micron line had a yield of 76.7 percent, tensile strength of 49 Newtons/kilotex, staple length of 72 millimetres and 0.3pc vegetable matter. Three more 15.8 micron lots were sold within two cents a kilogram of each other.

‘The next few months is an interesting time for wool as our peak shearing season is upon us’

Elvezia brand owner Paul Righetti said he listed the three-bale line on WoolTrade after it was valued at under 1000c/kg.

“It is just a good way to set your price, sit back and see what happens.

“I like electronic marketing – we buy a lot of sheep through AuctionsPlus.”

Mr Benson said wool with high tensile strength results of 40Nkt plus and low mid breaks were the flavour of the week “with some healthy premiums that have been growing over the past few months.”

Top prices through the diameter categories included 1277c/kg clean for a 17.6 micron with 47N/kt tensile strength, an 18 micron line of 49N/kt that made 1289c/kg and other lots making above 1,250.

“It was a similar story for 19 micron merino fleece with 52N/kt wool at 19 microns selling for 1185c/kg and a few more lots finding buyers for about 1170c/kg.”

Mr Benson said the 21 and 22 micron categories took a breather this week on Wooltrade with limited sales and limited volume.

“The next few months is an interesting time for wool as our peak shearing season is upon us and there is a plethora of world events to ponder their effect on our wool market.

“The Australian dollar has been trading on a sour note at about 92-93 US cents,” he said.

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