Port Elizabeth – A total of 9 046 bales were on offer on the second sale of the wool season which took place this week, with a lower overall sales clearance of 85.66% achieved on the sale. A significant percentage (48%) of the merino wools on offer was certified as sustainable.
The market gained 0.9% from the previous sale, to close on R167.64 p/kg.
The weaker SA currency supported the market amidst some mixed market signals, with the Australian market trading variably this week, ultimately closing 2,7% (AU$) down from their last sale on Thursday, 12 August and recording low sales clearances amidst seller resistance.
The finer microns performed negatively today, with the better length wools and certified sustainable wools dragging the market into positive territory.
The rand traded 0,7% weaker against the US$, with the market gaining 0,19% in US$ terms.
The major buyers on today’s sale were: Standard Wool SA (2 152), Modiano SA (1 903), Lempriere (1 150) and Stucken & Co (1 073).
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 0,5% to close at R230,65/kg; 18,5 microns moved 1,6% down to close at R216,25/kg; 19 microns lost 1,4% to close at R195,17/kg; 19,5 microns weakened by 1,7% to close at R178,51/kg; 20 microns was 0,2% stronger to close at R158,83/kg; 20,5 microns won 1,7% to close at R154,56/kg; 21,0 microns recovered 0,8% to close at R152,11/kg; 21,5 microns improved by 0,9% to close at R147,52kg; 22 microns rose 1,8% to close at R140,75/kg and 22,5 microns climbed by 1,2% to close at R136,41/kg.
The next auction is scheduled for 01 September 2021.