• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

African wool prices softer as rand strengthens

01 Mar '12
2 min read

Wool prices were softer at this week's sale following a considerable increase in the value of the rand compared with last week and the Cape Wools Merino indicator closed the day down 3.1% at R101,17/kg (clean).

This is up 23% on the same sale last season and 9% higher than the opening level of the season.

The rand was trading at R7,42 against the US dollar, which was a 3.3% increase on last week's average rate. At R9,99, the rand had also appreciated by 1.6% against the euro.

This week saw a smaller offering of 7 883 bales of which 97% was s old. Major buyers were Standard Wool SA (2 247 bales), Modiano SA (1 721 bales), Stucken & Co (1 485 bales) and L empriere SA (1 364 bales).

Prices were down across the board with the finer micron ranges posting the largest decreases.

The average clean price for the different categories good top -making (MF5), long fleeces were as follows: 19 microns were down a 3.1% at R113,70/kg, 19,5 microns were 4.9% cheaper at R107,42/kg, 20 microns softened by 2.3% to R106,93/kg, 20,5 microns were 2.5% cheaper at R104,60/kg; 21 microns dropped 2.8% to close at R103,61/kg, 21,5microns were down 1.6% at R104,46/kg and 22 microns softened by 3.1% to R102,83/kg.
Approximately 12 500 bales will be on offer at next week's sale.

Cape Wools SA

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search