The market report

The Australian EMI lost 1,5% this week.

The Cape Wools All Wool Indicator increased by 0,5%.

The wool market increased today primarily due to the slightly weaker Rand.

Market demand was unchanged from last week with long and fine Merino wool still in high demand.

Receivals at broker stores are markedly down also due to the absence of wool from Lesotho. Modiano bought the most bales at the auction today. This week saw the Rand at R14,38 to the US Dollar and R16,23 to the Euro.

The Rand was 2,9% weaker against the US Dollar and 1,2% weaker against the Euro compared with the average rate at the previous sale.

The offering comprised 12 524 bales of which 94,6% was sold.

Major traders were Modiano (4 053), Standard Wool SA (3 046), Tianyu SA (1 822) and Lempriere SA (1 745).

The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18 microns increased 1,4% to close at R235,10/kg; 18,5 microns moved 1,6% up to close at R234,79/kg; 19 microns gained 1,8% to close at R225,22/kg; 19,5 microns strengthened by 1,4% to close at R222,44/kg; 20 microns was 1,3% stronger to close at R218,38/kg; 20,5 microns won 1,2% to close at R216,78/kg; 21 microns recovered 1,1% to close at R216,16/kg; 21,5 microns improved by 1,7% to close at R209,80/kg; 22 microns increased by 1,8% to close at 207,38/kg and 22,5 microns increased by 0,3% to close at R208,05/kg. The next sale is scheduled for 21 November 2018 where approximately ±9 891 bales will be on sale..