The market report

The Australian EMI gained 0,6% this week.

The Cape Wools All Wool Indicator lost by -0,2%. The market maintained it’s levels when compared to last week despite a large offering of approximately 13 000 bales.

The inferior wools were slightly easier whereas the longer, well grown wools were keenly sought after and were dearer on the day.

There were a few RWS(Responsible Wool Standard) certified clips on offer and they attracted premiums over similarly styled wools.

This week saw the Rand at R13,70 to the US Dollar and R15,62 to the Euro.

The Rand was 1,8% stronger against the US Dollar and 2,3% stronger against the Euro compared with the average rate at the previous sale.

The offering comprised 13 595 bales of which 96,0% was sold.

Major traders were G Modiano SA (4 801), Standard Wool SA (3 192), Lempriere SA (2 325) and Tianyu SA (1 403).

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 increased 1,1% to close at R242,92/kg; 18,5 microns moved 1,3% up to close at R242,19/kg; 19 microns gained 1,2% to close at R233,85/kg; 19,5 microns strengthened by 1,6% to close at R233,84/kg; 20 microns was 0,3% weaker to close at R227,00/kg; 20,5 microns lost 0,6% to close at R224,84/kg; 21,0 microns lost 0,3% to close at R223,76/kg; 21,5 microns tumbled by 0,6% to close at R215,73/kg; 22 microns fell 1,3% to close at 211,03/kg and 22,5 microns declined by 2,2% to close at R210,01/kg. The next sale is scheduled for 23 January 2019 where approximately ± 8 931 bales will be on sale..