Wool market weakens
Wool prices were down at this week's sale and Cape Wools Merino indicator was down 4.6% on the previous sale a fortnight ago to close at R81.97/kg (clean). This is in contrast with price movements in Australia where the indicator has now increased by over 4% over the past two weeks to a fresh high.
Competition for quality long wools nevertheless was good and a price of R115/kg (greasy) was obtained for a bale of 15.2 microns offered by P.D. Jacobs from Trompsburg. This is slightly lower than the seasonal high of R118.80/kg paid on 9 February for a bale of 16.2 microns.
The sales percentage was lower than usual and only 86% of the 10 520 bales offered was sold.
The stronger rand also did not favour the market. The rand, at R6.86, had appreciated by 3.1% against the US dollar compared with the rate at the previous sale, while it was up 2% against the euro at R9.52.
Major buyers were Modiano SA (2 737 bales), Stucken & Co (2 223 bales), Lempriere SA (1 577 bales), and Standard Wool SA (1 464 bales).
Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19.5 microns dropped by 3.7% to R108.98/kg; 19.5 microns were 2.8% cheaper at R96.53/kg; 20 microns were down 6.6% R84.99/kg; 20.5 microns fell by 6.5% to R81.78/kg; 21 microns were 5.1% cheaper at R81.17/kg; 21.5 microns were down 2% at R81.09/kg and 22 microns dropped 1.3% to R82.51/kg.
Approximately 9 500 bales will be offered at next week's sale.
Competition for quality long wools nevertheless was good and a price of R115/kg (greasy) was obtained for a bale of 15.2 microns offered by P.D. Jacobs from Trompsburg. This is slightly lower than the seasonal high of R118.80/kg paid on 9 February for a bale of 16.2 microns.
The sales percentage was lower than usual and only 86% of the 10 520 bales offered was sold.
The stronger rand also did not favour the market. The rand, at R6.86, had appreciated by 3.1% against the US dollar compared with the rate at the previous sale, while it was up 2% against the euro at R9.52.
Major buyers were Modiano SA (2 737 bales), Stucken & Co (2 223 bales), Lempriere SA (1 577 bales), and Standard Wool SA (1 464 bales).
Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19.5 microns dropped by 3.7% to R108.98/kg; 19.5 microns were 2.8% cheaper at R96.53/kg; 20 microns were down 6.6% R84.99/kg; 20.5 microns fell by 6.5% to R81.78/kg; 21 microns were 5.1% cheaper at R81.17/kg; 21.5 microns were down 2% at R81.09/kg and 22 microns dropped 1.3% to R82.51/kg.
Approximately 9 500 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