Markets

Wooltrade sells more than 600 bales as main auction wool market rebounds

Sheep Central, May 3, 2016

Wooltrade logoONLINE wool sales improved on Wooltrade last week as the physical market lifted.

More than 600 bales were sold on Wooltrade as the AWEX Eastern Market Indicator rose back to 1241 cents.

Wooltrade market operations supervisor Tom Rookyard said the exchange rate was an important factor last week, as leading into the physical auctions on Wednesday the Australian dollar dropped significantly compared to the US dollar.

“The rise on the market did not miss online sales, with Wooltrade selling 610 bales for the week.”

The top-priced Wooltrade lot last week was a six-bale line of 16.5 micron SUPAAA fleece wool that sold for 1511c/kg clean or 1050c/kg greasy. The line yielded 69.5 percent with an average staple length of 98mm, a tensile strength of 37 Newtons/kilotex and 0.4 percent vegetable matter content. It was branded DR/Invergarry and was offered by Elders Melbourne.

The other top micron category results included a four-bale line of 17.5 micron line, 86 mm long with a yield of 72.5pc, tensile strength of 31N/kt and 0.6pc vm. It sold for 1476c/kg clean or 1070c/kg greasy.

A five-bale line of 18.6 micron fleece sold for 1452c/kg clean or 874c/kg greasy. It yielded 60.2pc, with a staple length fo 81mm, tensile strength of 41N/kt and 1.4pc vm.

A 12-bale line of 19.7 micron wool with a yield of 62.4pc, average staple length of 79mm and 45N/kt sold for 1401c/kg clean or 874c/kg greasy. It contained 1.6pc vm.

A seven-bale line of 20.1 micron fleece for 1378c/kg clean or 904c/kg greasy. The line yielded 65.6pc with an average staple length of 100mm, tensile strength of 39N/kt and 0.6pc vm.

An 11-bale line of 21.4 micron wool with a yield of 60.6pc, mean staple length of 90mm, tensile strength of 42N/kt and 1.1pc vm sold for 1353c/kg clean or 820c/kg greasy.

A 14-bale line of 22.5 micron Merino fleece made 1320c/kg clean or 890c/kg greasy. The line yielded 67.4pc, with an average staple length of 81mm, a tensile strength of 48N/kt and 0.5pc vm.

In the Wooltrade oddments, a four-bale line of 17 micron Merino pieces sold for 1313c/kg clean or 855c/kg greasy. The line yielded 65.1pc, with a mean staple length of 96mm, a tensile strength of 31N/kt and 0.6pc vm. It was branded Ellesmere and offered by Australian Wool Network.

Mr Rookyard said provided the exchange rate stays favourable for overseas buyers this week, the market should open firm and possibly dearer.

“Online, the week has begun with reasonable buyer enquiry.”

Click here for the latest Wooltrade Top Prices Summary

Source: Wooltrade.

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