National Wool Market Report

Season: 2021/22
Catalogue: 18
Date: 19/01/2022
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 18th sale of the 2021/22 wool season took place this week, with a large offering of 13 961 bales, after 3 623 bales were withdrawn prior to the sale.

The market delivered very good results today and gained 4,86 % from the previous sale, to close on R180,73 p/kg and an overall sales clearance of 97,96% of the bales actually offered.

The good results were achieved despite the SA currency trading 0.8% stronger against the US$, delivering a solid 5,8% gain in US$ terms.

The offering consisted of some good quality fine, long merino fleece wools, with the percentage of certified sustainable wools increasing considerably from last week, comprising 39.4% of the merino wools on offer.

There was good competition amongst the buying houses, especially for the better quality sustainable wools on offer and in particular RWS certified wools, which assisted the market this week.

The Australian market had mixed results this week but ended slightly up by 0.3% (AU$) from the previous sale held on Thursday, 13 January.

The major buyers on today’s sale were: Lempriere SA (4 218), Modiano SA (2 988), Standard Wool SA (2 463) and Tianyu SA (1 486).

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 2,3% to close at R255,16/kg; 18,5 microns moved 3,9% up to close at R229,50/kg; 19 microns gained 3,6% to close at R218,70/kg; 19,5 microns strengthened by 4,1% to close at R198,93/kg; 20 microns was 4,9% stronger to close at R189,58/kg; 20,5 microns won 3,9% to close at R182,18/kg; 21,0 microns recovered 5,3% to close at R175,71/kg; 21,5 microns improved by 3,4% to close at R172,44kg; 22 microns rose 2,5% to close at R166,76/kg and 22,5 microns climbed by 3,9% to close at R159,00/kg.

The next auction is scheduled for 26 January 2022.

 

Key Indicators
SA Merino Indicator Exchange Rates *
Indicator Unit This Sale Prior Sale % Change Currency This Sale Prior Sale % Change
SA c/kg Clean 18073 17235
4,9 %
ZAR/US$ 15,40 15,53
0,88 %
Ave. to date (21/22) 16898 16829
0,4 %
ZAR/Euro 17,47 17,61
0,80 %
Ave. to date (20/21) 13973 - - ZAR/AUD$ 11,06 11,16
0,84 %
US c/kg Clean 1174 1110
5,79 %
ZAR/JPY¥ 7,40 7,47
0,94 %
Euro c/kg Clean 1034,48 978,61
5,71 %
ZAR/UK Pound 21,03 21,07
0,17 %
AWEX EMI c/kg Clean 1393 1389
0,29 %
USD/AUD 0,7185 0,7182
0,04 %
* Exchange rate values quoted above is based on an average of rate points recorded for the duration of the sale.

 

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) - 202118
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 293,27 268,88 241,06 215,27 194,69 180,77 166,99 161,51 154,99 150,72 147,06
RWS Certified Wool (R) Clean 301,53 281,92 262,34 245,81 226,50 206,64 194,65 190,64 185,92 181,26 175,51
% Difference
2,82 %
4,85 %
8,83 %
14,19 %
16,34 %
14,31 %
16,56 %
18,04 %
19,96 %
20,26 %
19,35 %
Merino Wool Indicator excluding RWS Certified Wools (R/kg Clean) 177,57

 

Sustainable Wools (Bales)
Sustainable Standard* % Share **
RWS SCWS Total All Wool Merino Wool
Offered 4 342 800 5142 33,1 % 39,4 %
Sold 4 304 790 5094 33,4 % 39,1 %
* A sustainable Lot can carry more than one sustainable standard identifier
** Calculated on unique sustainable standard identifiers

 

Sale Statistics (Greasy)
This Sale Accumulative
This Week Previous Week This Season Previous Season
Turnover (R) 212 049 578 126 046 503 2 300 830 125 2 088 563 856
# Bales 13 676 10 041 154 641 140 928
Mass (kg) 2 079 011 1 512 378 23 428 946 21 344 562

 

Wool Receivals Declared (Greasy)
Current Season Mass (kg) Previous Season Mass (kg) % Change (Y-o-Y)
2021/22 30 030 679 2020/21 33 521 148
10,4 %

 

Offering Analysis (Bales)
Description Catalogue Offering Withdrawn before Sale Wool Offered Withdrawn during Sale Passed Not Sold Sold % Sold
BKB 10168 2 260 7 908 18 3 119 7 768 98,23 %
CMW 4123 586 3 537 30 0 41 3 466 97,99 %
JLW 468 81 387 0 0 14 373 96,38 %
MAS 1392 318 1 074 10 1 37 1 026 95,53 %
QWB 796 298 498 0 0 11 487 97,79 %
VLW 637 80 557 0 0 1 556 99,82 %
 
This Week 17584 3 623 13 961 58 4 223 13 676 97,96 %
Previous Week 11028 431 10 597 86 0 470 10 041 94,75 %

 

Buyer Purchases (Bales - Greasy)
Bales
Company This Sale % Share Bales (YTD)
Lempriere SA 4 218 30,87 % 32 760
G Modiano SA 2 988 21,87 % 38 451
Standard Wool SA 2 463 18,02 % 32 630
Tianyu SA 1 486 10,87 % 22 740
Stucken & Co 1 460 10,68 % 18 269
Segard Masurel SA 975 7,14 % 7 031
New England Wool SA 75 0,55 % 2 370

 

Sale Analysis (Length, Micron & Class - Bales)
This Sale Previous Sale Accumulative
Offered Sold % Sold Offered Sold % Sold Offered Sold % Sold
All Wool
Length
Long 8 584 8 434 98,25 % 5 904 5 708 96,68 % 90 818 89 911 99 %
Medium 4 733 4 665 98,56 % 3 609 3 455 95,73 % 51 014 50 128 98,26 %
Short 497 484 97,38 % 640 620 96,88 % 11 382 10 829 95,14 %
Mixed 147 93 63,27 % 444 258 58,11 % 9 028 3 754 41,58 %
Micron
Fine Wool: =< 20 Micron 8 686 8 607 99,09 % 6 769 6 642 98,12 % 100 608 97 403 96,81 %
Medium: 20.1 to 22 4 384 4 314 98,4 % 2 895 2 826 97,62 % 48 277 46 115 95,52 %
Strong: 22.1 to 24 655 604 92,21 % 558 471 84,41 % 9 781 9 095 92,99 %
Over Strong: > 24.1 236 151 63,98 % 375 102 27,2 % 3 595 2 028 56,41 %
Class
Fleeces 10 786 10 607 98,34 % 7 469 7 221 96,68 % 115 408 114 074 98,84 %
Bellies 1 066 1 040 97,56 % 1 171 1 139 97,27 % 13 480 13 239 98,21 %
Pieces 1 523 1 505 98,82 % 817 753 92,17 % 14 997 14 882 99,23 %
Locks 439 431 98,18 % 696 670 96,26 % 9 336 8 687 93,05 %
Other 147 93 63,27 % 444 258 58,11 % 9 040 3 759 41,58 %

 

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 290 474 1 039 1 675 1 787 1 106 585 338 221 116
Medium 255 356 691 856 853 536 254 148 85 87
Short 61 89 73 92 42 12 11 9 8 2
Mixed 0 0 0 4 9 15 46 9 0 6
Style (AWEX)
Style 4 & Better 116 208 318 384 315 331 217 153 81 13
Style 5 342 389 527 636 680 527 283 140 86 97
Style 6 135 266 648 1 133 1 153 581 312 151 124 75
Style 7 & Poorer 13 56 310 470 529 213 38 51 23 20

 

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 226,08 252,42 226,12 219,91 185,32 164,86 166,43 163,36 159,26 0,00 0,00 0,00
50 mm 273,58 268,26 242,38 221,36 205,50 192,13 175,13 160,68 154,75 149,26 0,00 143,65
60 mm 292,94 273,74 255,84 241,55 214,56 200,01 179,50 173,17 158,17 171,88 142,01 0,00
70 mm 298,89 275,45 264,58 228,88 217,25 198,73 177,14 175,50 181,86 178,30 172,66 146,57
80 mm 304,89 287,51 255,95 242,81 218,41 200,64 187,93 184,10 179,58 176,68 175,44 170,57
Merino Fleece, AWEX Style 5 - MF5
40 mm 254,99 202,82 182,70 183,12 154,61 150,56 149,95 135,87 0,00 133,29 0,00 0,00
50 mm 284,53 236,16 226,76 213,56 197,30 175,34 157,96 138,58 166,34 147,71 0,00 0,00
60 mm 270,37 266,03 243,58 227,95 202,02 181,88 173,64 157,93 160,87 162,28 143,35 0,00
70 mm 292,18 260,92 247,78 232,92 199,48 183,70 167,39 152,19 158,78 172,19 162,33 155,64
80 mm 292,60 268,48 246,60 239,95 207,76 194,35 174,61 175,72 170,58 175,40 163,31 155,71
Merino Fleece, AWEX Style 6 - MF6
40 mm 193,18 198,82 174,53 147,05 170,14 135,46 115,28 105,04 0,00 117,32 0,00 0,00
50 mm 229,72 214,92 232,02 222,25 161,73 149,56 131,39 134,22 164,24 0,00 0,00 131,95
60 mm 233,31 251,00 156,84 175,81 155,71 141,70 133,92 131,85 148,87 143,60 0,00 0,00
70 mm 253,65 262,55 222,33 211,02 169,52 153,31 143,71 140,40 148,38 146,76 0,00 0,00
80 mm 0,00 275,55 226,58 236,67 198,60 175,80 160,18 158,59 151,03 168,97 144,35 0,00

 

Market Indicators

 

Market Indicators - South Africa and Australia

 

Micron Category Comparisons - South Africa VS Australia

 

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