THE wool market maintained its recently achieved high price levels at yesterday's Cape Wools SA sale, despite a smaller offering.
Due to the small offering, traders said there had been decent competition all round for the better-quality wools, Cape Wools SA spokeswoman Lizelle Delport said.
The Cape Wools Merino indicator shed a marginal 0.3% on last week to close at R116.30/kg (clean). The rand had little influence on the market and was 0.5% stronger at R9.92 against the dollar, compared with last week's average rate, and strengthened 0.4% against the euro at R13.43.
"Last week's prices held up firmly at this week's auction and only posted marginal decreases amongst the medium to stronger wools. A total of 7145 bales were on offer, of which 98% was sold," Delport said.
The most active traders were Standard Wool (2099), Modiano (1539), Lempriere (1493) and Stucken and Co (1048).
The average clean prices for the different categories of good top-making (MF5), long fleeces per kilogram were as follows: 18 microns were down 0.1% at R124.07, 18.5 microns weakened by 0.3% to R122.49, 19 microns rose 0.7% to R122.14, 20 microns dropped 0.8% to R117.59, 20.5 microns were down 0.1% at R117.19, 21 microns shed 0.4% to R116.39, 21.5 microns were 1.5% dearer at R116.15 and 22 microns were down 0.1% to R114.92/kg.
Both 19.5 and 21.5 microns held firm at last week's prices, closing at R119.99/kg and R116.20/kg respectively.
The next sale, offering about 10500 bales, is on October 23.