Creeping positivity erased from wool prices | Micron Mirror

AuctionsPlus' first online wool auction had a 61 per cent clearance rate

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Prices were back 9c/kg.

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AuctionsPlus held its first online wool auction last Thursday. There were 44 lots offered with an overall clearance rate of 61 per cent.

AuctionsPlus held its first online wool auction last Thursday. There were 44 lots offered with an overall clearance rate of 61 per cent.

The EMI finished week 42 at 1292 cents a kilogram, down 9c/kg on the previous week.

The positivity that crept back in on the previous week was essentially erased.

The passed in rate, which was below 15 per cent, returned to 23.1pc.

Online activity remained strong, with 448 bales selling online.

The 16 and 17-micron fleece wool sold up to 1200c/kg and 1285c/kg (greasy) or 1742c/kg and 1732c/kg (clean).

The 18 and 19-micron fleece wool sold up to 855c/kg and 880c/kg (greasy) or 1427c/kg and 1232c/kg (clean), while 20 and 21-micron fleece wool sold to 990c/kg and 865c/kg (greasy) or 1452c/kg and 1343c/kg (clean).

The top priced lot sold online was a line of 17.1-micron AAAA Merino fleece wool.

This line had a low 0.5pc vegetable matter and was 94 millimetres in length.

The lot was offered by Nutrien Wool, branded NGH/LANGI-LOGAN/ASWGA 476 and sold for 1285c/kg (greasy) or 1732c/kg (clean).

Last Thursday saw AuctionsPlus run its first online wool auction.

There was over 44 lots offered by wool brokers Elders, Nutrien, Australian Wool Network and Jemalong Wool.

Online the sales saw an overall 61pc clearance with ten buying companies bidding throughout the sale. Post auction approx. 50pc of passed-in lots have since been sold.

The top prices included a 15.9 micron fleece wool selling for 1206c/kg (greasy), branded ASHMORE, offered by Elders Wool.

Looking forward week 43 sees the second online wool auction held by AuctionsPlus.

Brokers listing in the sale opening at 10am on Thursday 23rd April, include: Australian Wool Network, Jemalong Wool, Nutrien Wool and RuralCo Wool.

There are 31,517 bales on offer for this weeks live auctions. This almost doubles the offering of last week, which could add further stress to the EMI.

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