National Wool Market Report

Season: 2020/21
Catalogue: 15
Date: 25/11/2020
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Port Elizabeth – This week’s wool sale consisted of another large offering of 13083 bales, after 1 962 bales were withdrawn prior to the commencement of the sale and a final sales clearance of 96,13% was achieved.

Long fine merino wools made up nearly 60% of the offering and 37% of the merino wools on offer were certified as sustainable.

Although the market retracted by 1,4% from the previous sale to close on R142,03 p/kg, the fine micron categories and the sustainable certified RWS lots actually closed up from the previous week and attracted good competition from the buying houses. The biggest downward pressure was seen in the medium micron categories, dragging the market into negative territory.

The market retracted by 0,9% in US$ terms, amidst the stronger SA currency of 0,52% against the US$. The Australian market also closed down 0.8% (AU$) this week and recorded lower sales clearances.

The major buyers on today's sale were: Modiano SA (3 312),Lempriere SA (3 266), Standard Wool SA (2 351) and Tianyu SA (1 952).

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 0,4% to close at R176,01/kg; 18,5 microns moved 0,7% up to close at R167,00/kg; 19 microns lost 0,3% to close at R156,37/kg; 19,5 microns weakened by 1,0% to close at R148,37/kg; 20 microns was 2,3% weaker to close at R138,38/kg; 20,5 microns lost 2,6% to close at R134,58/kg; 21,0 microns lost 1,6% to close at R133,50/kg; 21,5 microns improved by 2,1% to close at R132,36kg; 22 microns rose 0,3% to close at R124,73/kg and 22,5 microns declined by 0,2% to close at R120,55/kg.

The next auction is scheduled for 02 December 2020 where approximately ±18 357 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 14203 14407
1,4 %
ZAR/US$ 15,26 15,34
0,52 %
Ave. to date (20/21) 13766 13733
0,2 %
ZAR/Euro 18,11 18,21
0,52 %
Ave. to date (19/20) 17011 - - ZAR/AUD$ 11,18 11,22
0,35 %
US c/kg Clean 930 939
0,90 %
ZAR/JPY¥ 6,91 6,79
1,74 %
Euro c/kg Clean 784 791
0,90 %
ZAR/UK Pound 20,22 20,32
0,50 %
AWEX EMI c/kg Clean 1156 1159
0,26 %
USD/AUD 0,73 0,73
0,16 %
* 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) 153 283 686 128 377 075 1 355 202 834 1 203 834 328
# Bales 12 577 11 719 117 009 104 726
Mass (kg) 1 910 062 1 752 184 17 940 900 16 074 751

 

Wool Receivals Declared (Greasy)
Current Season Mass (kg) Previous Season Mass (kg) % Change (Y-o-Y)
2020/21 21 973 019 2019/20 22 779 453
3,5 %

 

Offering Analysis (Bales)
Description Catalogue Offering Withdrawn before Sale Wool Offered Withdrawn during Sale Passed Not Sold Sold % Sold
BKB 8468 1 045 7 423 114 0 55 7 254 97,72 %
CMW 4289 421 3 868 146 0 151 3 571 92,32 %
JLW 585 279 306 0 0 4 302 98,69 %
MAS 709 72 637 0 0 10 627 98,43 %
QWB 571 145 426 0 0 26 400 93,9 %
VLW 423 0 423 0 0 0 423 100 %
 
This Week 15045 1 962 13 083 260 0 246 12 577 96,13 %
Previous Week 13269 395 12 874 523 0 632 11 719 91,03 %

 

Buyer Purchases (Bales - Greasy)
Bales
Company This Sale % Share Bales (YTD)
G Modiano SA 3 312 26,33 % 26 436
Lempriere SA 3 269 25,99 % 26 989
Standard Wool SA 2 351 18,69 % 25 195
Tianyu SA 1 952 15,52 % 16 772
Stucken & Co 1 340 10,65 % 14 860
Segard Masurel SA 275 2,19 % 5 775
New England Wool SA 78 0,62 % 955

 

Sale Analysis (Length, Micron & Class - Bales)
This Sale Previous Sale Accumulative
Offered Sold % Sold Offered Sold % Sold Offered Sold % Sold
All Wool
Length
Long 8 760 8 482 96,83 % 7 918 7 347 92,79 % 74 366 72 337 97,27 %
Medium 3 512 3 364 95,79 % 3 936 3 582 91,01 % 35 150 34 133 97,11 %
Short 639 580 90,77 % 604 524 86,75 % 8 371 7 827 93,5 %
Mixed 172 151 87,79 % 416 266 63,94 % 3 900 2 705 69,36 %
Micron
Fine Wool: =< 20 Micron 7 830 7 562 96,58 % 8 172 7 557 92,47 % 76 905 74 917 97,41 %
Medium: 20.1 to 22 4 127 3 950 95,71 % 3 490 3 069 87,94 % 35 792 33 489 93,57 %
Strong: 22.1 to 24 751 715 95,21 % 928 864 93,1 % 6 674 6 398 95,86 %
Over Strong: > 24.1 375 350 93,33 % 284 229 80,63 % 2 423 2 205 91 %
Class
Fleeces 10 150 9 781 96,36 % 9 506 8 755 92,1 % 83 828 81 449 97,16 %
Bellies 914 889 97,26 % 1 226 1 145 93,39 % 10 966 10 627 96,91 %
Pieces 1 102 1 088 98,73 % 970 905 93,3 % 14 126 13 900 98,4 %
Locks 745 668 89,66 % 756 648 85,71 % 8 970 8 324 92,8 %
Other 172 151 87,79 % 416 266 63,94 % 3 904 2 709 69,39 %

 

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 305 488 1 009 1 565 1 922 1 066 590 331 199 177
Medium 222 353 453 599 633 358 127 111 78 65
Short 83 150 121 63 35 42 22 3 2 1
Mixed 0 0 2 2 0 21 24 15 18 6
Style (AWEX)
Style 4 & Better 171 177 279 389 448 455 234 123 79 55
Style 5 242 345 609 805 868 412 262 151 79 64
Style 6 194 428 609 776 972 464 187 143 100 102
Style 7 & Poorer 3 41 85 257 299 135 56 28 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 >=22.5
Merino Fleece, AWEX Style 4 - MF4
40 mm 178,76 182,07 156,48 147,94 127,95 134,30 121,15 114,95 108,94 112,24 0,00 0,00
50 mm 201,30 178,26 168,52 160,25 151,04 140,56 128,09 118,22 124,13 119,75 104,13 0,00
60 mm 201,04 193,24 178,89 168,34 156,77 149,01 139,19 138,09 140,40 136,15 121,57 123,89
70 mm 204,61 195,21 183,70 171,08 157,67 153,94 145,39 146,65 141,61 136,39 131,27 124,94
80 mm 209,43 197,10 183,16 174,07 163,04 155,63 150,65 139,83 141,52 136,35 131,51 129,14
Merino Fleece, AWEX Style 5 - MF5
40 mm 163,90 160,08 144,42 137,70 136,16 115,96 123,25 111,66 108,83 0,00 95,80 0,00
50 mm 194,05 183,04 161,24 155,15 138,16 130,62 127,62 119,66 0,00 0,00 0,00 105,31
60 mm 194,77 190,40 172,72 161,31 146,45 140,02 132,06 126,81 122,34 122,98 125,50 0,00
70 mm 196,36 190,14 173,64 164,70 152,85 144,15 135,68 132,06 127,89 132,49 110,31 123,17
80 mm 202,96 193,48 179,03 168,53 157,06 150,22 138,93 133,76 137,08 134,05 130,70 130,48
Merino Fleece, AWEX Style 6 - MF6
40 mm 158,76 162,17 143,01 139,34 99,24 119,70 112,38 105,14 0,00 0,00 0,00 0,00
50 mm 0,00 180,94 168,12 146,59 151,95 115,04 120,13 113,13 112,76 0,00 109,03 0,00
60 mm 186,16 174,22 162,61 149,35 135,25 128,74 116,74 114,88 110,89 112,61 103,95 0,00
70 mm 190,37 183,11 165,91 151,22 143,96 130,08 126,28 122,73 115,27 112,60 109,48 0,00
80 mm 0,00 0,00 0,00 171,14 145,97 143,00 132,40 127,81 123,56 127,59 0,00 0,00

 

Market Indicators - South Africa and Australia

 

Micron Category Comparisons - South Africa VS Australia

 

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