Wool prices at a fresh high (South Africa)
Wool prices rose for a third week in a row and Cape Wools' Merino indicator gained 2.1% to close at a fresh high of R78.13/kg (clean wool). This means that the indicator has gained 35% since the opening sale of the season in August last year.
The market currently is being driven by strong demand and supply concerns.
A weaker currency provided further support to the market. The rand, at R7.02, was down 2.4% against the US dollar compared with the previous week. It was also 4.2% weaker against the euro at R9.62.
This week's sale saw a much smaller offering than the previous two weeks with 8 690 bales on offer of which 94.5% was sold.
Major buyers were Standard Wool SA (3 937 bales), Modiano SA (2 061 bales), and Stucken (903 bales).
Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 20 microns were 0.6% dearer at R81.49/kg; 21 microns strengthened by 1% to R76.04/kg; and 22 microns were 3.1% dearer at R75.47/kg.
Approximately 6 500 bales will be offered at next week's sale.
The market currently is being driven by strong demand and supply concerns.
A weaker currency provided further support to the market. The rand, at R7.02, was down 2.4% against the US dollar compared with the previous week. It was also 4.2% weaker against the euro at R9.62.
This week's sale saw a much smaller offering than the previous two weeks with 8 690 bales on offer of which 94.5% was sold.
Major buyers were Standard Wool SA (3 937 bales), Modiano SA (2 061 bales), and Stucken (903 bales).
Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 20 microns were 0.6% dearer at R81.49/kg; 21 microns strengthened by 1% to R76.04/kg; and 22 microns were 3.1% dearer at R75.47/kg.
Approximately 6 500 bales will be offered at next week's sale.
转载本网专稿请注明出处“中国纺织网”
编辑：纺织网
文章关键词： Wool price
「相关报道」
免责声明：浙江网盛生意宝股份有限公司对中国纺织网上刊登之所有信息不声明或保证其内容之正确性或可靠性；您于此接受并承认信赖任何信息所生之风险应自行承担。浙江网