The market report

The wool market closed unchanged at a value of R206,07 c/kg (Clean), with the Cape Wools All Wool Indicator also closing unchanged.

The Australian EMI moved 0,9% up this week.

This week saw the Rand at 0,6% stronger against the US Dollar and -0,4% weaker against the Euro, compared with the average rate at the previous sale.

The market improved by 0,7% in US Dollar terms. The last sale of the 2018/2019 wool season closed unchanged today, amidst continued uncertainty of greasy wool exports to China. Finer wools once again attracted better competition and the medium and relatively small volume of short wool remained under pressure, as the main market for this wool is China. The market performance could have been much better, should the shorter wools not have been discounted, with the market managing to clear 91.2% of the total offering on hand. The major buyers on today’s sale were: G Modiano SA (4 698), Standard Wool SA (2 983), Tianyu SA (2 255) and Stucken & Co (738). The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18,0 microns decreased 0,9% to close at R230,32/kg; 18,5 microns moved 0,4% down to close at R231,49/kg; 19 microns lost 0,7% to close at R222,64/kg; 19,5 microns weakened by 0,9% to close at R217,39/kg; 20 microns was 0,4% stronger to close at R217,19/kg; 20,5 microns was unchanged to close at R213,73/kg; 21,0 microns recovered 0,5% to close at R217,81/kg; 21,5 microns improved by 3,5% to close at R217,03/kg; 22 microns rose 2,4% to close at 217,28/kg and 22,5 microns was unchanged at R216,42/kg. The next sale is scheduled for 14 August 2019..