Wooltrade prices surged last week as the physical wool market rose with a lower Australian-US dollar exchange rate.

Wooltrade market operations officer Tom Rookyard said 1250 cents was considered to be a barrier for the AWEX Eastern Market Indicator.

“However, last week proved that it – 1250 cents — was only a speed hump, as the EMI raced to 1312 cents by the end of last week.”

Mr Rookyard said Wooltrade’s finer types were up 10-20c/kg clean during the week. The top priced lot was a six-bale 16.3µ micron lot branded GUMS offered by Australian Wool Network that sold for 1651c/kg clean. The line had a mean staple length of 80mm long, with 0.5 percent vegetable matter, a yield of 74.5pc and tensile strength of 45 Newtons/kilotex.

During the week, Wooltrade’s 18 micron lines made to 1515c/kg, up 100c/kg clean on the previous week, and the 19 micron lots sold up to 1482 cents, a rise of 110 cents. Mr Rookyard after the 20 micron wools corrected themselves in the previous series, they gained up to 100 cents last week, making to 1458 cents. The 21 micron wool rose 40 cents to 1330 cents, and 22 lots lifted 80 cents to 1316 cents.

Short combing/carding wools attained premium levels, selling from 1140-1335 c/kg clean. The top carding price of 1335 cents was for a six-bale 14.8µ micron line of Merino lambs fleece, with 2.2pc vegetable matter. It was branded Ceres AG CO/Ballyroe and offered by Australian Wool Network.

Source: Wooltrade.