The 34th sale of the wool season took place with 12 437 bales on offer of which 91,3% was sold. The wool market closed unchanged at a value of R206,07 c/kg for clean wool, with the Cape Wools All Wool Indicator also closing unchanged. The Australian EMI moved 0,9% up this week.
This week saw the rand at 0,6% weaker against the US dollar and 0,4% weaker against the euro, compared with the average rate at the previous sale. The market improved by 0,7% in US dollar terms.
The last sale of the 2018/2019 wool season closed unchanged today, amidst continued uncertainty of greasy wool exports to China. Finer wool once again attracted better competition and the medium and relatively small volume of short wool remained under pressure, as the main market for this wool is China. The market performance could have been much better, if the shorter wools were not discounted.
The major buyers the sale were G Modiano SA, Standard Wool SA, Tianyu SA and Stucken & Co.
Average price per category
The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows:
- 18 microns decreased 0,9% to close at R230,32/kg.
- 18,5 microns moved 0,4% down to close at R231,49/kg.
- 19 microns lost 0,7% to close at R222,64/kg.
- 19,5 microns weakened by 0,9% to close at R217,39/kg.
- 20 microns was 0,4% stronger to close at R217,19/kg.
- 20,5 microns was unchanged to close at R213,73/kg.
- 21 microns recovered 0,5% to close at R217,81/kg.
- 21,5 microns improved by 3,5% to close at R217,03/kg.
- 22 microns rose 2,4% to close at 217,28/kg.
- 22,5 microns was unchanged at R216,42/kg.
The next sale is scheduled for 14 August 2019. – Press release