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Cape Wools market remains unchanged
17
Oct '13
The wool market maintained the recently achieved high price levels at this week’s auction despite a smaller offering and the Cape Wools Merino indicator shed a marginal 0.3% on last week to close at R116.30/kg (clean).

Due to the small offering this week, traders said there had been decent competition all around for the better quality wools.

The rand had little influence on the market and was 0.5% stronger at R9.92 against the US dollar, compared with last week’s average rate, and strengthened 0.4% against the euro at R13.43.

Last week’s prices held up firmly at this week’s auction and only posted marginal decreases amongst the medium to stronger wools.

A total of 7 145 bales were on offer, of which 98% was sold. Most active traders were Standard Wool (2 099), Modiano (1 539), Lempriere (1 493) and Stucken & Co (1 048).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 0.1% at R124,07/kg, 18,5 microns weakened by 0.3% to R122,49/kg, 19 microns rose 0.7% to R122,14/kg, , 20 microns dropped 0.8% to close at R117,59/kg, 20,5 microns were down 0.1% at R117,19/kg, 21 microns shed 0.4% to R116,39/kg, 21,5 microns were 1,5% dearer at R116,15/kg and 22 microns were down 0.1% to close at R114,92/kg.

Both 19,5 and 21,5 microns held firm at last week’s prices, closing at R119,99/kg and R116,20/kg respectively.

Cape Wools


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