The wool market ended higher this week and the Cape Wools Merino Indicator increased by 1,7% and 360 points to close at R218,76 for clean wool. The Australian EMI gained 0,9% this week. The Cape Wools All Wool Indicator went up by 1,6%. The offering consisted of some good quality spinner type wools.
The South African Market Indicator gained 1,7% on the back of a weaker currency and good competition, especially for long fine wools. There is good demand from both China and Europe. Better quality and well classed clips will continue to attract buyers.
The average market indicator in UD dollars is 0,3% up from the previous auction. This week saw the rand at R13,78 to the US dollar and R15,61 to the Euro.
The average clean prices for selection in different micron categories for good top-making (MF5), long fleeces were as follows:
- 18 microns increased 2,2% to close at R243,34/kg,
- 18,5 microns moved 2% up to close at R242,27/kg,
- 19 microns lost 1,2% to close at R234,36/kg,
- 19,5 microns strengthened by 1,5% to close at R233,60/kg,
- 20 microns was 1,1% stronger closing at R227,26/kg,
- 20,5 microns rose 0,6% to close at R225,08/kg,
- 21 microns recovered 1,5% to close at R223,46/kg,
- 21,5 microns improved by 1,3% to close at R217,44/kg,
- 22 microns was up 2,2% to close at 216,75/kg and
- 22,5 microns climbed by 1,8% to close at R212,68/kg.
The next sale is scheduled for 20 February and about 6 766 bales will be on sale. – Market report