Curtis Wool Direct

South African Wool Market Report (27 September 2018)

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

Port Elizabeth – The wool market traded lower at this week’s auction and the Cape Wools Merino Indicator decreased by 5.6% and by 1,362 points to close at a value of R229,28/kg (Clean). The Australian EMI lost 2,8% this week. The Cape Wools All Wool Indicator declined 5,6%.

The wool market traded lower for a second auction in a row and has now receded by 10% from its seasonal high of 25,382 points. The strengthening Rand and sluggish demand resulted in a clearance of only 95% of a small offering. Prices decreased across the board with only the long and finer wool able to hold onto some of their recent gains.

Modiano bought the most bales at this auction.

This week saw the Rand at R14,30 to the US Dollar and R16,81 to the Euro. The Rand was 2,7% strongeragainst the US Dollar and 2,1% stronger against the Euro, compared with the average rate at the previous sale. The offering comprised 5 362 bales of which 95,1% was sold. Major traders were Modiano (1 554), Standard Wool SA (1 084), Tianyu SA (907) and Stucken & Co (612).

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 decreased 6,2% to close at R274,62/kg; 18,5 microns moved 5,2% down to close at R262,33/kg; 19 microns lost 6,8% to close at R254,02/kg; 19,5 microns weakened by5,1%to close at R249,11/kg; 20 microns was 6,9% weaker to close at R237,83/kg; 20,5 microns lost6,5% to close at R233,93/kg; 21,0 microns lost 5,2% to close at R235,95/kg; 21,5 microns decreased by 5,9%to close at R229,33/kg; 22 microns decreased by 8,0%to close at 227,33/kg and 22,5 microns declined by 6,7% to close at R234,51/kg.

The next sale is scheduled for 03 October 2018 where approximately ±7 450 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 Grease
Wool Products Online
Second Hand Textile Machinery