“This is the first time the market has made a positive move in almost two months,” Wooltrade market operations officer Tom Rookyard said.
“This spike did not miss Wooltrade.com.au, seeing its largest enquiry week and online traded over 1150 bales.
“This was our biggest enquiry week since week 7 season 2015/16, (August 10-14), when we had 1486 bales traded.”
Mr Rookyard said the top priced lot last week was for a two–bale line of 16.7 micron SUPAAA fleece wool offered by Roberts of Tasmania and branded NSB that made 1530c/kg clean or 1097c/kg greasy. The line yielded 71.7 percent, with an average staple length of 79mm, tensile strength of 37 Newtons/kilotex and vegetable matter content of 0.2pc.
Superfine Merino weaners fleece made up to 1503c/kg, or 1120c/kg greasy, for a bale of 14.3 micron wool that had a yield of 74.5pc, a mean staple length of 74mm, tensile strength of 40N/kt and 0.2pc vm content.
Mr Rookyard said 18-18.3 micron adult fleece wool made from 1401-1464c/kg clean, or 930-1170c/kg greasy. Fleece from 19-19.4 micron sold for 1338-1345c/kg clean, or 895-920c/kg greasy, and 20-20.2 micron wool sold for 1288-1307c/kg clean, or 730-900c/kg greasy. The 21.2-21.4 micron fleece offered made 1271-1278c/kg clean, or 817-910c/kg greasy and 22.2-22.9 micron wool sold from 1242-=1263c/kg clean, or 850-867c/kg greasy.
A seven-bale 23.6 micron Merino clip that yielded 69.9pc, with a mean staple length of 91mm, tensile strength of 44N/kt and 0.3pc vm made 1205c/.kg clean or 842c/kg greasy. Crossbred fleece from 24-27.4 micron sold from 877-1114c/kg clean, or 654-830c/kg greasy.
Mr Rookyard said skirtings were also well supported on Wooltrade last week, with Merino pieces making 1231-1277c/kg clean or 734-745c/kg greasy. The top price lot was a six-bale 17.7µ micron line, measuring 95mm with a yield of 57.5pc, tensile strength of 27N/kt and 1.5pc vm content, branded HYNAM and offered by Elders Ltd.
“Looking forward, the Australian wool market is at a buoyant position after such a good rally last week.”
He said 44,000 bales are due to be offered in all three selling centres this week.
“Five of Australia’s biggest buying companies, Techwool Trading, Chinatex, Fox and Lillie, Lempriere and Modiano took the lion’s share of the market last week.
“Given that these and other exporters have unfilled commitments, then the market should be at least maintained,” he said.
Click here for last week’s Wooltrade top prices summary.