National Wool Market Report

Season: 2021/22
Catalogue: 10
Date: 20/10/2021
Port Elizabeth

Tel: +27 41 484 4301
Email: stats@capewools.co.za
Website: www.capewools.co.za
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Cape Wools Weekly Market Report

Port Elizabeth – The 2021/22 wool season continued today, with the 10th sale of the season taking place.

A total of 8 181 bales were on offer, with the majority of the offering comprising fine, longer length merino fleece wools. Nearly 40% of the offering consisted of certified sustainable wools.

Amidst the pressure of the stronger SA currency of 2,4% against the US$, the market delivered a solid performance, with the average market indicator gaining 2,2% from the previous sale, to close on R166,78 p/kg. The market returned a very positive 4,7% in US$ terms.

There was good competition from all the buying houses on today’s sale, with a very good overall sales clearance of 97,8%.

Nearly all micron categories delivered positive results, with RWS certified wools attracting good premiums, especially in the medium micron segment.

The Australian market also performed well this week, with a 3.48% (AU$) rise in the market indicator from the previous sale on 13 October.

The major buyers on today’s sale were: Lempriere SA (2 081), Modiano SA (1 995), Tianyu SA (1 215) and Standard Wool SA (1 117).

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 0,8% to close at R242,71/kg; 18,5 microns moved 2,4% down to close at R215,53/kg; 19 microns gained 4,1% to close at R208,96/kg; 19,5 microns strengthened by 2,8% to close at R182,49/kg; 20 microns was 4,5% stronger to close at R166,99/kg; 20,5 microns won 2,9% to close at R162,91/kg; 21,0 microns recovered 4,6% to close at R164,34/kg; 21,5 microns improved by 3,1% to close at R158,88kg; 22 microns rose 2,4% to close at R137,79/kg and 22,5 microns climbed by 6,9% to close at R150,98/kg.

The next auction is scheduled for 27 October 2021 where approximately ±8 059 bales will be on sale.

 

Key Indicators
SA Merino Indicator Exchange Rates *
Indicator Unit This Sale Prior Sale % Change Currency This Sale Prior Sale % Change
SA c/kg Clean 16678 16322
2,2 %
ZAR/US$ 14,50 14,86
2,43 %
Ave. to date (21/22) 16585 16574
0,1 %
ZAR/Euro 16,86 17,15
1,68 %
Ave. to date (20/21) 13254 - - ZAR/AUD$ 10,84 10,90
0,53 %
US c/kg Clean 1150 1098
4,73 %
ZAR/JPY¥ 7,93 7,62
4,07 %
Euro c/kg Clean 989,08 951,71
3,93 %
ZAR/UK Pound 19,94 20,27
1,63 %
AWEX EMI c/kg Clean 1369 1323
3,48 %
USD/AUD 0,7478 0,7336
1,94 %
* Exchange rate values quoted above is based on an average of rate points recorded for the duration of the sale.

 

Sustainable Wools (Bales)
Sustainable Standard* % Share **
RWS SCWS Total All Wool Merino Wool
Offered 2 592 491 3083 - -
Sold 2 577 491 3068 35,9 % -
* A sustainable Lot can carry more than one sustainable standard identifier
** Calculated on unique sustainable standard identifiers

 

Merino Fleece | MF4 & MF5 | VM < 1,6 | NKT > 28 | >67mm | Minimum of 3 Lots Sold
Percentage Difference Between All Non-RWS and RWS Merino Fleece Wools Sold (Average Price) - 202110
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-RWS Wool (R) Clean 0,00 0,00 245,34 209,31 186,37 168,43 151,48 147,47 143,03 144,57 0,00
RWS Certified Wool (R) Clean 303,11 290,26 269,14 240,53 221,26 201,89 185,77 179,41 176,50 169,46 171,71
% Difference - -
9,70 %
14,92 %
18,72 %
19,87 %
22,64 %
21,66 %
23,40 %
17,22 %
-
Merino Wool Indicator excluding RWS Certified Wools (R/kg Clean) 158,46

 

Sale Statistics (Greasy)
This Sale Accumulative
This Week Previous Week This Season Previous Season
Turnover (R) 123 437 311 110 925 998 1 022 788 422 899 594 500
# Bales 8 005 7 471 67 522 59 539
Mass (kg) 1 218 039 1 139 152 10 363 542 9 148 528

 

Wool Receivals Declared (Greasy)
Current Season Mass (kg) Previous Season Mass (kg) % Change (Y-o-Y)
2021/22 14 218 099 2020/21 16 014 231
11,2 %

 

Offering Analysis (Bales)
Description Catalogue Offering Withdrawn before Sale Wool Offered Withdrawn during Sale Passed Not Sold Sold % Sold
BKB 4967 287 4 680 6 0 109 4 565 97,54 %
CMW 2651 262 2 389 1 0 16 2 372 99,29 %
JLW 589 62 527 0 0 10 517 98,1 %
MAS 585 0 585 0 0 34 551 94,19 %
QWB 0 0 0 0 0 0 0 NaN %
VLW 0 0 0 0 0 0 0 NaN %
 
This Week 8792 611 8 181 7 0 169 8 005 97,85 %
Previous Week 8064 294 7 770 6 0 293 7 471 96,15 %

 

Buyer Purchases (Bales - Greasy)
Bales
Company This Sale % Share Bales (YTD)
Lempriere SA 2 081 26 % 10 658
G Modiano SA 1 995 24,92 % 15 729
Tianyu SA 1 215 15,18 % 10 912
Standard Wool SA 1 117 13,95 % 15 476
Stucken & Co 1 071 13,38 % 8 327
Segard Masurel SA 443 5,53 % 4 134
New England Wool SA 83 1,04 % 1 749

 

Sale Analysis (Length, Micron & Class - Bales)
This Sale Previous Sale Accumulative
Offered Sold % Sold Offered Sold % Sold Offered Sold % Sold
All Wool
Length
Long 5 260 5 216 99,16 % 4 184 4 136 98,85 % 36 908 36 475 98,83 %
Medium 2 253 2 172 96,4 % 2 479 2 410 97,22 % 23 147 22 560 97,46 %
Short 613 592 96,57 % 614 607 98,86 % 6 450 6 007 93,13 %
Mixed 55 25 45,45 % 493 318 64,5 % 3 721 2 471 66,41 %
Micron
Fine Wool: =< 20 Micron 5 259 5 193 98,75 % 4 786 4 758 99,41 % 42 716 42 121 98,61 %
Medium: 20.1 to 22 2 160 2 135 98,84 % 2 217 2 175 98,11 % 21 977 20 989 95,5 %
Strong: 22.1 to 24 601 569 94,68 % 441 407 92,29 % 3 983 3 669 92,12 %
Over Strong: > 24.1 161 108 67,08 % 326 131 40,18 % 1 559 743 47,66 %
Class
Fleeces 6 202 6 111 98,53 % 5 570 5 478 98,35 % 48 582 47 805 98,4 %
Bellies 674 666 98,81 % 662 646 97,58 % 5 946 5 837 98,17 %
Pieces 687 684 99,56 % 605 599 99,01 % 6 901 6 837 99,07 %
Locks 563 519 92,18 % 440 430 97,73 % 5 065 4 559 90,01 %
Other 55 25 45,45 % 493 318 64,5 % 3 741 2 484 66,4 %

 

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 160 362 623 990 1 101 651 312 201 170 132
Medium 147 262 416 424 253 154 54 57 90 43
Short 72 144 164 70 49 23 9 8 5 5
Mixed 0 0 0 5 2 4 0 2 1 7
Style (AWEX)
Style 4 & Better 94 171 281 294 380 238 115 99 61 26
Style 5 149 322 348 531 486 281 124 96 110 74
Style 6 117 247 479 578 469 296 129 54 67 66
Style 7 & Poorer 19 28 95 81 68 13 7 17 27 14

 

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 >=22.5
Merino Fleece, AWEX Style 4 - MF4
40 mm 227,17 213,93 184,34 194,89 180,60 155,08 138,24 130,64 0,00 0,00 0,00 0,00
50 mm 257,30 258,42 230,51 202,52 176,42 181,53 157,16 158,09 0,00 145,57 137,79 0,00
60 mm 294,55 275,46 253,08 225,22 203,66 170,82 180,08 168,67 144,07 161,09 156,33 0,00
70 mm 287,04 285,26 268,72 221,64 218,57 187,34 184,43 168,82 163,42 169,36 173,48 158,14
80 mm 310,26 286,11 253,72 239,87 213,48 202,27 178,96 166,39 177,03 176,92 171,94 157,30
Merino Fleece, AWEX Style 5 - MF5
40 mm 198,40 177,20 183,31 158,66 155,75 140,27 154,05 131,11 0,00 0,00 0,00 0,00
50 mm 265,60 244,03 236,13 207,52 186,85 162,88 156,28 133,37 0,00 0,00 0,00 0,00
60 mm 257,75 239,00 242,70 204,93 194,17 174,92 149,59 151,80 133,30 138,72 0,00 144,92
70 mm 284,81 263,38 235,39 218,30 190,04 172,51 155,97 158,53 152,52 146,02 165,77 155,37
80 mm 0,00 275,54 238,75 213,35 206,02 174,93 156,12 147,67 170,58 144,38 171,54 157,27
Merino Fleece, AWEX Style 6 - MF6
40 mm 0,00 0,00 0,00 156,03 152,45 0,00 131,24 125,34 0,00 0,00 0,00 0,00
50 mm 231,28 200,67 221,93 173,31 151,19 145,80 132,08 127,86 119,81 0,00 0,00 0,00
60 mm 261,75 224,31 208,94 185,91 162,79 149,27 140,73 131,68 115,38 133,78 0,00 0,00
70 mm 263,16 219,43 227,54 203,03 172,36 154,71 143,37 135,45 145,71 134,01 141,01 0,00
80 mm 0,00 249,54 0,00 208,83 180,25 169,88 152,52 148,22 144,07 145,53 139,65 0,00

 

Market Indicators

 

Market Indicators - South Africa and Australia

 

Micron Category Comparisons - South Africa VS Australia

 

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