Curtis Wool Direct

NZ Wool market Report 23 May 2018

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The market has continued to correct itself upwards with most types and styles showing further improvement compared to the previous Christchurch sale held 10 May. Bales on offer – 9561, bales sold  8737  (91%).

Lambs’ wool continues to shine and saw the biggest movement upwards as buyers seek to fill orders. New season’s 2nd shears also received spirited bidding which pushed this end of the market out further.

Compared to the previous Christchurch sale Xbd fleece 31 to 35 microns 1 to 2% dearer. Xbd fleece 35.1 microns and stronger were 2 to 3% dearer. Xbd 2nd shear was 2 to 4% dearer. Xbd lambs 27 to 29.9 microns were 3 to 5% dearer. Xbd lambs 30 to 33 microns were 2 to 3% dearer. Xbd oddments were 2 to 4% dearer.

Mid-micron wools were 1 to 3% dearer on very limited volumes. 4% was passed in failing to reach grower reserves.

The next sale is scheduled for 7 June.

NZ/US$ rate: 0.692 compared to last sale of 0.697 held 10 May.

Strong XB Market indicator this sale: 382c/kg COF Strong XB Market indicator last sale: 374c/kg COF.

Main buyers: NZWSI / JSB 2250 bales, Masurel 2000, Fuhrmann 1500, Bloch & Behrens 1200,

G Modiano 600, J Marshall 400, Curtis 285, Chargeurs 150 and Standard 100 bales.

 

Source: PG Wrightson Wool

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