National Wool Market Report

Season: 2020/21
Catalogue: 23
Date: 24/02/2021
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 wool market continued its upward trend this week and traded 1% higher from the previous sale, to close on R167.44 p/kg.

A total of 10 002 bales were offered, with non-merino wools once again making up more than 50% of the offering, with an overall sales clearance of 94.6%.

Merino fleece wools attracted very good competition and nearly all wool in this category was sold, with sustainable certified wools, which comprised 26.5% of the merino wools on offer, also outperforming the market. The medium micron, long merino fleece wools had the best performance, with the broad microns experiencing softer demand.

The good performance on this week’s sale was achieved despite the stronger ZAR of 1.4% against the US$, resulting in 2.4% increase in the market in US$ terms.

The Australian market traded slightly lower this week by 0.6% (AU$) from the last sale on Thursday, 18 February, but achieved a low sales clearance, as some farmers opted not to sell at the current market level.
The major buyers on today’s sale were: Modiano SA (2 623), Standard Wool SA (2 565), Lempriere SA (1 726) and Tianyu SA (1 324).

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 1,2% to close at R213,10/kg; 18,5 microns moved 1,4% up to close at R203,43/kg; 19 microns gained 2,2% to close at R192,78/kg; 19,5 microns strengthened by 2,8% to close at R182,79/kg; 20 microns was 3,4% stronger to close at R169,64/kg; 20,5 microns won 2,6% to close at R156,00/kg; 21,0 microns recovered 1,1% to close at R155,66/kg; 21,5 microns improved by 1,9% to close at R152,76kg; 22 microns rose 1,5% to close at R140,75/kg and 22,5 microns declined by 1,8% to close at R143,46/kg.

The next auction is scheduled for 03 March 2021 where approximately ±10 812 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 16744 16576
1,0 %
ZAR/US$ 14,51 14,71
1,35 %
Ave. to date (20/21) 14545 14441
0,7 %
ZAR/Euro 17,63 17,74
0,63 %
Ave. to date (19/20) 17320 - - ZAR/AUD$ 11,48 11,39
0,78 %
US c/kg Clean 1154 1127
2,38 %
ZAR/JPY¥ 7,27 7,24
0,41 %
Euro c/kg Clean 950 934
1,65 %
ZAR/UK Pound 20,54 20,31
1,12 %
AWEX EMI c/kg Clean 1310 1318
0,61 %
USD/AUD 0,79 0,77
2,10 %
* Exchange rate values quoted above is based on an average of rate points recorded for the duration of the sale.

 

Sale Statistics (Greasy)
This Sale Accumulative
This Week Previous Week This Season Previous Season
Turnover (R) 117 815 191 77 367 527 2 428 859 644 2 311 878 068
# Bales 9 482 6 981 204 214 195 305
Mass (kg) 1 503 881 1 089 308 31 407 964 29 992 519

 

Wool Receivals Declared (Greasy)
Current Season Mass (kg) Previous Season Mass (kg) % Change (Y-o-Y)
2020/21 37 048 170 2019/20 39 483 668
6,2 %

 

Offering Analysis (Bales)
Description Catalogue Offering Withdrawn before Sale Wool Offered Withdrawn during Sale Passed Not Sold Sold % Sold
BKB 6679 509 6 170 0 0 62 6 108 99 %
CMW 3196 40 3 156 0 0 437 2 719 86,15 %
JLW 224 1 223 0 0 0 223 100 %
MAS 0 0 0 0 0 0 0 NaN %
QWB 0 0 0 0 0 0 0 NaN %
VLW 453 0 453 0 0 21 432 95,36 %
 
This Week 10552 550 10 002 0 0 520 9 482 94,8 %
Previous Week 8058 548 7 510 109 0 420 6 981 92,96 %

 

Buyer Purchases (Bales - Greasy)
Bales
Company This Sale % Share Bales (YTD)
G Modiano SA 2 623 27,66 % 48 822
Standard Wool SA 2 565 27,05 % 45 923
Lempriere SA 1 726 18,2 % 49 455
Tianyu SA 1 324 13,96 % 28 576
Stucken & Co 874 9,22 % 21 715
Segard Masurel SA 346 3,65 % 8 391
New England Wool SA 24 0,25 % 1 169

 

Sale Analysis (Length, Micron & Class - Bales)
This Sale Previous Sale Accumulative
Offered Sold % Sold Offered Sold % Sold Offered Sold % Sold
All Wool
Length
Long 5 238 5 212 99,5 % 3 084 2 996 97,15 % 125 352 123 479 98,51 %
Medium 2 995 2 932 97,9 % 3 072 2 802 91,21 % 63 061 61 685 97,82 %
Short 766 688 89,82 % 569 521 91,56 % 13 314 12 606 94,68 %
Mixed 1 003 650 64,81 % 785 662 84,33 % 9 194 6 436 70 %
Micron
Fine Wool: =< 20 Micron 5 732 5 651 98,59 % 3 903 3 763 96,41 % 131 098 127 640 97,36 %
Medium: 20.1 to 22 3 400 3 106 91,35 % 2 878 2 592 90,06 % 64 293 61 794 96,11 %
Strong: 22.1 to 24 596 543 91,11 % 433 407 94 % 11 331 10 967 96,79 %
Over Strong: > 24.1 274 182 66,42 % 296 219 73,99 % 4 207 3 813 90,63 %
Class
Fleeces 6 110 6 073 99,39 % 4 369 4 216 96,5 % 145 711 143 322 98,36 %
Bellies 1 041 998 95,87 % 1 022 851 83,27 % 19 274 18 785 97,46 %
Pieces 740 739 99,86 % 681 661 97,06 % 21 990 21 716 98,75 %
Locks 1 108 1 022 92,24 % 653 591 90,51 % 14 755 13 950 94,54 %
Other 1 003 650 64,81 % 785 662 84,33 % 9 199 6 441 70,02 %

 

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 241 291 680 1 207 947 610 339 185 120 112
Medium 112 299 440 590 451 456 150 81 74 85
Short 78 181 114 62 35 100 38 8 4 6
Mixed 0 3 3 32 53 132 119 119 63 15
Style (AWEX)
Style 4 & Better 66 65 103 130 75 89 44 14 9 8
Style 5 206 360 477 556 478 340 183 140 54 65
Style 6 136 313 510 815 611 514 234 98 119 108
Style 7 & Poorer 23 33 144 358 269 223 66 22 16 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 >=22.5
Merino Fleece, AWEX Style 4 - MF4
40 mm 209,16 0,00 175,37 166,54 158,32 163,93 148,35 0,00 0,00 0,00 0,00 0,00
50 mm 241,10 223,50 212,88 195,56 183,65 166,84 155,08 0,00 0,00 0,00 0,00 0,00
60 mm 244,87 234,42 214,35 193,11 184,46 179,11 162,22 155,81 154,51 142,43 0,00 0,00
70 mm 256,38 240,76 218,20 206,86 186,44 184,50 171,53 164,56 156,65 149,47 0,00 0,00
80 mm 0,00 224,91 216,18 215,21 200,81 185,69 163,61 164,84 155,21 0,00 147,98 0,00
Merino Fleece, AWEX Style 5 - MF5
40 mm 209,94 198,17 182,84 165,23 155,33 152,03 144,23 0,00 0,00 0,00 111,74 0,00
50 mm 236,84 229,53 210,33 188,54 171,32 164,21 138,24 138,24 125,05 126,79 127,91 0,00
60 mm 247,42 227,86 212,55 193,87 179,03 170,15 150,87 145,91 142,57 139,93 128,26 0,00
70 mm 238,20 223,99 207,30 197,23 186,29 171,55 165,76 147,45 151,19 150,57 142,86 0,00
80 mm 229,08 225,49 222,98 213,42 187,75 180,07 164,00 153,98 152,16 143,75 142,75 140,23
Merino Fleece, AWEX Style 6 - MF6
40 mm 201,90 0,00 189,42 155,16 156,12 0,00 119,86 125,80 0,00 0,00 0,00 0,00
50 mm 238,84 0,00 189,42 178,32 164,22 127,71 145,26 134,75 0,00 121,29 0,00 0,00
60 mm 216,98 209,69 193,38 169,77 163,98 154,10 127,69 123,01 115,80 123,44 125,19 0,00
70 mm 238,43 221,24 201,90 182,73 167,84 156,51 143,08 145,81 132,70 0,00 113,40 130,91
80 mm 0,00 220,84 201,83 184,79 167,89 179,87 156,68 145,75 147,48 134,88 0,00 130,78

 

Market Indicators - South Africa and Australia

 

Micron Category Comparisons - South Africa VS Australia

 

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