The wool market ended lower at today’s auction and the Cape Wools Merino Indicator decreased by 0,3% and 57 points to close at a value of R217,60 for clean wool. The Australian EMI lost 0,2% this week.
The Cape Wools All Wool Indicator decreased by 0,2%. The market closed at very similar levels as catalogue 23, held yesterday, and remains nearly unchanged from last week’s auction. Due to the demand from Europe, the finer end performed very well. The broader end, however, was under pressure due to the lack of competition from the Chinese market.
Shorter wools were also markedly down compared to last week’s auction due to the Chinese market situation.
Market indicators remain virtually unchanged from a week ago with the Rand trading at R13,85 to the US Dollar and R15,78 to the Euro.
The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows:
- 18 microns increased 0,8% to close at R241,62/kg
- 18,5 microns moved 0,6% up to close at R240,35/kg
- 19 microns gained 0,8% to close at R237,41/kg
- 19,5 microns weakened by 0,4% to close at R233,42/kg
- 20 microns was 0,5% stronger to close at R229,38/kg
- 20,5 microns lost 1,5% to close at R222,39/kg
- 21 microns lost 0,1% to close at R220,96/kg
- 21,5 microns tumbled by 1,3% to close at R212,19/kg
- 22 microns rose 0,5% to close at 218,90/kg
- 22,5 microns climbed by 1,1% to close at R219,92/kg
The next sale, where approximately 10 038 bales will be on sale, is scheduled for 6 March 2019. – Market report