Curtis Wool Direct

South African Wool Market Unchanged

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Port Elizabeth – The wool remained unchanged and the Cape Wools Merino Indicator decreased slightly with 0,3% and by 57 points to close at a value of R176,70 (Clean). On the Australian market, the EMI lost0,5% this week. The Cape Wools All Wool Indicator decreased by 0,3%.

The demand for Merino wool remains strong across all micron ranges with the finer and broader ends again holding up nicely. Buyers commented in particular on the performance of the finer lambs’ wool which had outperformed the market.

This was a smaller sized auction which added pressure to a market already dealing with lower volumes on offer this season to date.

This week saw the Rand at R13,51 to the US Dollar and R15,86 to the Euro. The Rand was1,9% weaker against the US Dollar and 0,3% stronger against the Euro, compared with the average rate at the previous sale. The offering comprised of 5788 bales of which 97,9% was sold. Major traders were Standard Wool SA (1 851), Modiano (1 542), Tianyu SA (849) and Lempriere SA (563).

The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18,0 micronsdecreased0,3% to close at R212,78/kg; 18,5 microns moved0,5% down to close at R205,92/kg; 19 microns lost1,3% to close at R190,98/kg; 19,5 microns strengthened by0,6%to close at R181,28/kg; 20 microns was 1,0% weaker to close at R171,39/kg; 20,5 microns lost 1,2% to close at R165,69/kg; 21,0 microns lost1,3% to close at R164,46/kg; 21,5 microns tumbled by 1,9%to close atR161,24/kg; 22 microns fell 0,6%to close at R158,68/kg and 22,5 microns declined by 0,1%to close at R159,34/kg.

The next sale is scheduled for 04October 2017where approximately ±8 609 bales will be on sale.

 

Source: Cape Wool SA

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