Curtis Wool Direct

South African Wool Market 6,5% Higher

Buy and sell wool 24 hours a day, 7 days a week from anywhere in the world. Click here.

The wool market traded 6,5% higher this week (29 May) and the Cape Wools Merino Indicator increased by 996 points to close at a value of R163,06 (Clean). On the Australian market, the EMI increased 2,3%. The Cape Wools All Wool Indicator gained 6,5%.

At this week’s auction there was good quality wool on offer, with the majority of wool again between 40-55mm in length. Buyers commented that there was extreme competition for the longer and better quality wools. There are two auctions left for this season.

 

This week saw the rand at R15,77 to the US dollar. The rand weakened by 6,9% against the US dollar compared with the average rate at the previous sale. The Rand weakened 4,8% against the Euro, trading at R17,77. The offering comprised of 8 412 bales of which 97,3% was sold. Major traders were Standard Wool SA (2 772), G Modiano SA (2 219), Lempriere SA (1 721) and Stucken & Co (996).

The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18,0 microns gained 5,4% to close at R177,76/kg; 18,5 microns increased 7,0% to close at R173,12/kg; 19 microns increased 7,7% to close at R171,30/kg; 19,5 microns gained 8,5% to close at R169,41/kg; 20 microns increased with 7,7% to close at R168,40/kg; 20,5 microns increased 6,8% to close at R167,53/kg; 21,0 microns gained 6,9% to close at R167,48/kg; 21,5 microns gained 6,1% to close at R163,86/kg; 22,0 microns increased 6,2% to close at R163,48/kg and 22,5 microns increased 7,3% to close at R164,77/kg

The next sale is scheduled for 01 June 2016 where approximately ±9022 bales will be on Sale.

 

Source: Cape Wool SA

 

Share This Article

America
Argentina
Australia
Belgium
Britain
Canada
France
Germany
Hungary
India
Italy
Malaysia
New Zealand
Russia
South Africa
Spain
Turkey
Uruguay
Wool Promotion
Buy Alpaca from
Mohair
Wool & Specialty Fibre
Tops & Yarn Dyeing
Wool & Top Treatment 
Buy Yarn From
Textile Machinery
Wool Magazines

Interested in reaching buyers in China? Advertise in wool2yarn China magazine and reach major importers of wool and speciality fibre, topmakers, spinners, weavers and textile companies in China, in their own language, breaking down the language barrier. This publication is circulated to 5000 major textile companies in China, Hong Kong and Taiwan and is a buyer’s guide and information source for the year ahead. See More.


Reach buyers in 58 countries – advertise in wool2yarn global magazine. Published once each year (September) it is circulated to over 5000 textile companies. Readership includes importers of wool and speciality fibre, topmakers, spinners and weavers, manufacturers of yarn, knitwear, carpet, and blankets, producers and importers of fabrics, bedding products, garment manufacturers, and brands and retail chains. See more.

Wool Reports
Buy Wool, Wool Tops, Yarn Online
Wool Testing
Wool Logistics
Wool Grease
Wool Products Online
Second Hand Textile Machinery