South African Wool Market Strengthens

Port Elizabeth – The wool market was dearer at this week’s sale and the Cape Wools Merino indicator gained 2,1% to close at R113,45/kg (clean). This is 1,6% up compared to the opening sale of this season and 8,3% up compared to the corresponding sale of the previous season. On the Australian market, the indicator decreased by 3,1%. The Cape Wools All-Wool Indicator gained 1,7%.

Wool auctions resumed after the Easter recess and wool traders commented that the reduced wool supply would benefit growers offering better type wools. According to local traders the increase was supported by the weaker Rand and the continued firm demand from China for good quality long, well-grown Merino wool.

The Rand on the day traded 2,5% weaker at R12,08 against the US dollar, compared with last week’s average rate, and strengthened 1,6% against the Euro at R12,82. The offering comprised of 11 949 bales, of which 99% was sold. Major traders were G Modiano SA (3 887), Standard Wool SA (2 887), Lempriere SA (2 513) and Stucken & Co (1 088).

The weekly price monitor sample, limited to AWEX type MF5, 70-80mm, VM<=2% wool only,,75/kg, 18,5 microns strengthened by 2,2% to R121,91/kg, 19 microns gained 2,6% to close at R117,64/kg, 19,5 microns rose with 2,4% to close at R114,50/kg, 20 microns gained 2,7% to close at R113,21/kg, 20,5 microns increased with 2,3% to close at R112,02/kg, 21 microns gained 2,6% to close at R/kg, 21,5 microns were unchanged on R107,64/kg and 22 microns rose with 0,6% to close at R107,64/kg.

experienced an average price movement as follows: 18 microns were up by 3,9% to close at R125

The next sale is scheduled for 22 April where approximately 5 400 bales will be on offer.

Suid-Afrikaanse Wolmark Versterk

Port Elizabeth – Die wolmark het vandeesweek sterker vertoon en die Cape Wools Merino-aanwyser het met 2,1% gestyg en op R113,45/kg (skoon) gesluit. Dit is 1,6% hoër as op die openingsveiling en 8,3% hoër teenoor die ooreenstemmende verkope van die vorige seisoen. Op die Australiese mark het die aanwyser met 3,1% teruggesak. Die Cape Wools Alle Wol aanwyser styg met 1,7%.

Wolveilings het hervat na die Paasreses en plaaslike handelaars het opgemerk dat die verminderde wolvoorraad voordelig is vir wolprodusente wat beter kwaliteit wol aanbied. Die kopers meen hierdie toename was ondersteun deur die swakker Rand en het opgemerk dat daar ‘n ferm vraag vir goeie gehalte lang Merinowol vanuit China was.

Die Rand teen 12,08 was sowat 2,5% swakker teenoor die Amerikaanse dollar vergeleke met die vorige week se veiling en teen R12,82, sowat 1,6% sterker teenoor die Euro. ʼn Verkoopspersentasie van 99% is bereik van die 11 949 bale wat op die veiling aangebied was.

Die grootste kopers op die veiling was G Modiano SA (3 887), Standard Wool SA (2 887), Lempriere SA (2 513) en Stucken & Co (1 088).

Die weeklikse prysmandjie, beperk tot AWEX tipe MF5, 70-80mm, VM<=2% wol alleenlik, se gemiddelde prys beweging was as volg: 18 mikron styg met 3,9% tot R125,75/kg, 18,5 mikron versterk met 2,2% tot R121,91/kg, 19 mikron versterk met 2,6% tot R117,64/kg, 19,5 mikron versterk met 2,4% tot R114,50/kg, 20 mikron styg met 2,7% en sluit op R113,21/kg, 20,5 mikron styg met 2,3% en sluit op R112,02/kg, 21 mikron versterk met 2,6% en sluit op R110,41/kg, 21,5 mikron was onveranderd op R107,64/kg en 22 mikron styg met 0,6% tot R107,64/kg.

Die volgende veiling is geskeduleer vir 22 April wanneer sowat 5 400 bale aangebied sal word.