SA Wool prices at record high!

Port Elizabeth – Exceptional demand at the recent sale resulted in a new record high in wool prices and the Cape Wools Merino indicator gained 8,5% to close at R132,02/kg (clean). This is 18,3% higher compared to the opening sale of this season and 13,4% higher compared to the corresponding sale of the previous season. In the Australian market, the indicator increased by 7,6%. The Cape Wools All-Wool Indicator gained 10,2%.

Limited supply of long, good quality Merino wool and strong demand from the Chinese and Indian markets drove wool prices to the record high. Local traders noted that some clients

are resisting higher price levels.

The Rand on the day traded 0,8% weaker at R11,94 against the US dollar, compared with last week’s average rate, and weakened 3,3% against the Euro at R13,46. The offering comprised of 8 829 bales, of which 99% was sold. Major traders were Standard Wool SA (2 968), G Modiano SA (2 386) and Lempriere SA (2 270).

The weekly price monitor sample, limited to AWEX type MF5, 70-80mm, VM<=2% wool only, experienced an average price movement as follows: 18

microns were up by 7,5% to close at R140,66/kg, 18,5 microns strengthened by 6,2% to R138,96/kg, 19 microns gained 10,7% to close at R137,94/kg, 19,5 microns rose with 9,0% to close at R134,64/kg, 20 microns gained 8,0% to close at R132,46/kg, 20,5 microns increased with 9,2% to close at R130,37/kg, 21 microns gained 7,9% to close at R130,02/kg, 21,5 microns strengthened by 9,3% to R128,28/kg and 22 microns rose with 5,8% to close at R122,98/kg.

The next sale is scheduled for 27 May where approximately 8 000 bales will be on offer..

SA Wolpryse styg tot rekordvlak!

Port Elizabeth – ‘n Besondere sterk vraag na Merinowol het pryse tot ’n rekordvlak laat styg en die Cape Wools Merino-aanwyser het met 8,5% gestyg en op R132,02/kg (skoon) gesluit. Dit is 18,3% hoër as op die openingsveiling en 13,4% hoër teenoor die ooreenstemmende verkope van die vorige seisoen. Op die Australiese mark het die aanwyser met 7,6% gestyg. Die Cape Wools Alle Wol aanwyser styg met 10,2%.

‘n Beperkte voorraad lang goeie gehalte Merinowol en sterk vraag vanuit China sowel as Indië het wolpryse opwaarts gedryf. Plaaslike handelaars het opgemerk dat sommige kliënte weerstand bied teen die hoë prysvlakke.

Die Rand teen R11,94 was sowat 0,8% swakker teenoor die Amerikaanse dollar vergeleke met die vorige week se veiling en teen R13,46, sowat 3,3% swakker teenoor die Euro. ʼn Verkoopspersentasie van 99% is bereik van die 8 829 bale wat op die veiling aangebied was. Die grootste kopers op die veiling was Standard Wool SA (2 968), G Modiano SA (2 386) en Lempriere SA (2 270).

Die weeklikse prysmandjie, beperk tot AWEX tipe MF5, 70-80mm, VM<=2% wol alleenlik, se gemiddelde prysbeweging was as volg: 18 mikron styg met 7,5% tot R140,66/kg, 18,5 mikron versterk met 6,2% tot R138,96/kg, 19 mikron versterk met 10,7% tot R137,94/kg, 19,5 mikron versterk met 9,0% tot R134,64/kg, 20 mikron styg met 8,0% en sluit op R132,46/kg, 20,5 mikron styg met 9,2% en sluit op R130,37/kg, 21 mikron versterk met 7,9% en sluit op R130,02/kg, 21,5 mikron versterk met 9,3% en sluit op R128,28/kg en 22 mikron styg met 5,8% tot R122,98/kg.

Die volgende veiling is geskeduleer vir 27 Mei wanneer sowat 8 000 bale aangebied sal word.