MAINNational Wool Market Report

Season: 2024/25
Catalogue: 14
Date: 27/11/2024
Port Elizabeth

Tel: +27 41 484 4301
Email: stats@capewools.co.za
Website: www.capewools.co.za
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The final sale before the 2024 Christmas recess was held this week, with a large offering of 14 243 bales, after 1 922 bales were withdrawn prior to the sale.

Although the average micron of the offering was slightly higher than the previous sale, 65% of the offering tested 20 micron and finer, with sustainably certified wools comprising 51,2% of the merino wools on offer.

The market delivered better results today, with good competition for the better merino fleece wools resulting in an overall sales clearance of 98,8%. The ZAR traded marginally weaker against the US$ over the two-day sale.

The all-merino indicator gained 0,9% to close on R164,21 p/kg, whilst the certified indicator increased by 1,0% to close on R166,89 p/kg

A highest price of R282,22 (clean) was paid for a two bale lot of 15,5 merino wool.

The Australian market also had a better performance this week and gained 0,6% (AU$) from their previous sale held on Wednesday, 20 November.

The major buyers on this week's sale were BKB Pinnacle Fibres (3 440), Standard Wool SA (2 722), G Modiano SA (2 608) and Tianyu SA (2 098).

The next sale will take place on 8 January 2025 where approximately 6 279 bales will be on offer.

 

Key Indicators
SA Merino Indicator Exchange Rates *
Indicator Unit This Sale Prior Sale % Change Currency This Sale Prior Sale % Change
SA c/kg Clean All Merino 16421 16268
0,9 %
ZAR/US$ * 18,12 18,08
0,22 %
US c/kg Clean All Merino 906 900
0,67 %
ZAR/Euro * 19,00 19,04
0,25 %
Euro c/kg Clean All Merino 864 854
1,17 %
ZAR/JPY¥ * 8,45 8,58
1,61 %
SA c/kg Clean Certified ** 16689 16530
1,0 %
ZAR/UK Pound * 22,76 22,82
0,25 %
US c/kg Clean Certified ** 921 914
0,77 %
USD/AUD * 0,6465 0,6487
0,34 %
Euro c/kg Clean Certified ** 878 868
1,15 %
AWEX EMI c/kg Clean 1144 1137
0,62 %
Percentage Difference (Weighted): Non‑Certified and Certified Merino Fleece Wools Sold ***
4,57 %
* Exchange rate values quoted above is based on an average of rate points recorded for the duration of the sale.
** Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.
*** Selection: Merino Fleece | MF4 & MF5 | VM < 1,6 | NKT > 28 | >67mm | Minimum of 3 Lots Sold

 

Merino Fleece | MF4 & MF5 | VM < 1,6 | NKT > 28 | >67mm | Minimum of 3 Lots Sold
Percentage Difference Between All Non-Certified and Certified Merino Fleece Wools Sold (Average Price) - 202414
Micron Category 17.0 17.5 18.0 18.5 19.0 19.5 20.0 20.5 21.0 21.5 22.0
Non-Certified Wool (R) Clean 197,97 191,23 179,60 173,47 165,89 160,96 158,92 156,37 155,11 154,43 155,16
Certified Wool (R) Clean 206,56 196,78 187,66 180,63 173,86 169,71 166,53 163,84 162,08 160,80 158,16
% Difference
4,34 %
2,90 %
4,49 %
4,13 %
4,80 %
5,44 %
4,79 %
4,78 %
4,49 %
4,12 %
1,93 %
Merino Wool Indicator excluding Certified Certified Wools (R/kg Clean) 0,00
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.

 

* Certified Sustainable Wool (Bales)
% Share **
Total All Wool Merino Wool
Offered 6 474 42,9 % 50,1 %
Sold 6 443 43,1 % 49,8 %
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.
** Calculated on unique sustainable standard identifiers

 

Sale Statistics (Greasy)
This Sale Accumulative
This Week Previous Week This Season Previous Season (202314)
Turnover (R) 193 849 226 164 162 670 1 674 819 726 1 370 366 971
# Bales 14 068 11 679 115 733 91 259
Mass (kg) 2 117 837 1 770 958 17 631 366 13 920 303

 

Wool Receivals Declared (Greasy)
Current Season Mass (kg) Previous Season Mass (kg) % Change (Y-o-Y)
2024/25 21 755 914 2023/24 22 714 739
4,2 %

 

Offering Analysis (Bales)
Description Catalogue Offering Withdrawn before Sale Wool Offered Withdrawn during Sale Passed Not Sold Sold % Sold
BKB 9574 1 145 8 429 0 1 24 8 405 99,72 %
CMW 4595 532 4 063 7 2 24 4 032 99,24 %
JLW 311 0 311 0 0 0 311 100 %
MAS 548 10 538 0 18 25 513 95,35 %
QWB 754 78 676 0 11 24 652 96,45 %
VLW 193 0 193 0 0 9 184 95,34 %
 
This Week 15975 1 765 14 210 7 32 106 14 097 99,2 %
Previous Week 12715 650 12 065 101 47 264 11 700 96,97 %

 

Buyer Purchases (Bales - Greasy)
Bales
Company This Sale % Share Bales (YTD)
BKB Pinnacle Fibres 3 440 24,45 % 26 087
Standard Wool SA 2 722 19,35 % 17 839
G Modiano SA 2 608 18,54 % 25 946
Tianyu SA 2 098 14,91 % 18 572
Stucken & Co 1 512 10,75 % 12 075
Lempriere SA 858 6,1 % 6 697
Segard Masurel SA 744 5,29 % 7 155
VBC Wool SA 86 0,61 % 1 362
0 0 % 0

 

Sale Analysis (Length, Micron & Class - Bales)
This Sale Previous Sale Accumulative
Offered Sold % Sold Offered Sold % Sold Offered Sold % Sold
All Wool
Length
Long 9 160 9 067 98,98 % 7 812 7 660 98,05 % 71 303 70 535 98,92 %
Medium 4 338 4 284 98,76 % 3 482 3 299 94,74 % 37 174 36 122 97,17 %
Short 744 716 96,24 % 751 690 91,88 % 8 845 8 475 95,82 %
Mixed 1 1 100 % 3 1 33,33 % 625 343 54,88 %
Micron
Fine Wool: =< 20 Micron 9 285 9 218 99,28 % 7 709 7 503 97,33 % 75 996 74 567 98,12 %
Medium: 20.1 to 22 3 955 3 911 98,89 % 3 192 3 058 95,8 % 33 241 32 554 97,93 %
Strong: 22.1 to 24 746 702 94,1 % 853 807 94,61 % 6 608 6 332 95,82 %
Over Strong: > 24.1 257 237 92,22 % 338 311 92,01 % 2 446 2 280 93,21 %
Class
Fleeces 11 325 11 209 98,98 % 9 537 9 242 96,91 % 90 002 88 575 98,41 %
Bellies 1 131 1 119 98,94 % 969 953 98,35 % 9 620 9 404 97,75 %
Pieces 1 183 1 166 98,56 % 907 875 96,47 % 10 814 10 628 98,28 %
Locks 603 573 95,02 % 645 592 91,78 % 6 885 6 526 94,79 %
Other 1 1 100 % 34 17 50 % 970 600 61,86 %

 

Analysis of Bales Sold (Micron, Length & Style)
<=18.0 18.5 19.0 19.5 20.0 20.5 21.0 21.5 22.0 >=22.5
Length
Long 372 609 1 167 1 796 1 873 926 647 490 231 213
Medium 338 420 771 714 719 296 231 130 108 50
Short 139 164 129 73 36 14 24 9 12 2
Mixed 0 0 0 0 0 0 0 0 0 0
Style (AWEX)
Style 4 & Better 156 185 400 480 565 288 324 209 44 39
Style 5 492 680 1 004 1 197 1 138 535 336 184 126 77
Style 6 197 309 594 783 782 380 208 218 160 127
Style 7 & Poorer 4 19 69 123 143 33 34 18 21 22

 

Average price of Wool Sold (Micron, Style & Length - Clean)
17.0 17.5 18.0 18.5 19.0 19.5 20.0 20.5 21.0 21.5 22.0
Merino Fleece, AWEX Style 4 - MF4
40 mm Non-Certified 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Certified 0,00 0,00 0,00 0,00 136,90 0,00 0,00 0,00 0,00 0,00 0,00
50 mm Non-Certified 0,00 0,00 0,00 0,00 0,00 141,06 145,63 146,66 141,98 0,00 0,00
Certified 190,75 174,84 170,25 145,91 161,56 148,83 152,13 151,70 0,00 144,33 0,00
60 mm Non-Certified 199,28 0,00 172,45 172,12 163,19 160,83 154,73 157,00 0,00 150,85 0,00
Certified 199,24 197,70 180,17 175,41 170,71 165,49 163,38 161,43 156,03 152,28 151,03
70 mm Non-Certified 0,00 195,99 0,00 179,30 171,12 163,84 159,24 157,09 154,86 0,00 152,81
Certified 212,39 201,50 195,05 180,86 174,76 171,13 166,68 163,57 162,37 161,58 158,94
80 mm Non-Certified 197,00 190,66 182,08 175,18 0,00 165,58 163,51 155,55 156,40 157,55 0,00
Certified 228,86 196,48 189,69 180,55 175,29 170,65 165,85 163,81 161,48 158,69 158,47
Merino Fleece, AWEX Style 5 - MF5
40 mm Non-Certified 148,37 147,48 134,31 125,34 123,90 120,52 134,10 0,00 0,00 0,00 0,00
Certified 158,62 167,81 154,25 131,56 140,20 0,00 122,51 0,00 0,00 0,00 0,00
50 mm Non-Certified 169,18 154,63 158,19 153,52 141,99 145,40 143,99 136,20 143,37 126,78 124,26
Certified 185,38 178,76 165,07 161,47 157,91 151,66 154,03 147,36 136,22 0,00 138,18
60 mm Non-Certified 188,98 181,79 166,22 165,02 163,39 158,52 148,97 151,47 147,38 146,61 142,26
Certified 191,27 188,73 178,18 173,73 168,92 163,52 161,00 158,86 154,91 152,98 153,12
70 mm Non-Certified 198,00 184,79 166,91 164,28 161,41 158,28 152,59 152,12 151,73 142,51 0,00
Certified 203,31 189,68 181,62 168,61 169,75 163,33 163,08 162,22 154,35 137,99 0,00
80 mm Non-Certified 196,39 187,44 179,10 169,70 165,45 157,49 155,97 153,83 154,73 149,60 0,00
Certified 207,44 193,38 185,09 165,50 169,30 163,75 165,49 162,95 161,06 156,27 154,08
Merino Fleece, AWEX Style 6 - MF6
40 mm Non-Certified 143,60 0,00 135,06 0,00 0,00 119,55 127,84 0,00 0,00 0,00 0,00
Certified 0,00 0,00 0,00 144,16 144,39 0,00 0,00 0,00 0,00 0,00 0,00
50 mm Non-Certified 0,00 0,00 145,20 0,00 125,97 111,97 90,82 133,15 0,00 0,00 0,00
Certified 0,00 0,00 136,63 156,77 0,00 116,86 112,36 0,00 142,55 0,00 0,00
60 mm Non-Certified 181,31 162,91 154,03 152,70 143,48 136,96 132,51 135,04 126,03 114,20 0,00
Certified 199,15 0,00 0,00 0,00 0,00 147,88 123,98 101,10 0,00 0,00 140,23
70 mm Non-Certified 0,00 180,58 172,09 154,87 153,12 146,32 144,91 138,55 139,64 130,35 0,00
Certified 0,00 186,50 159,04 166,33 137,17 148,72 145,62 0,00 143,66 0,00 0,00
80 mm Non-Certified 0,00 188,57 176,19 166,98 160,66 153,33 155,29 153,11 154,11 148,69 0,00
Certified 0,00 0,00 0,00 0,00 145,68 145,29 159,18 124,58 151,60 142,12 0,00
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.

 

Market Indicators

 

Market Indicators - South Africa and Australia

 

Micron Category Comparisons - South Africa VS Australia

 

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