The South African wool market was unchanged at this week’s auction and the Cape Wools Merino Indicator decreased slightly by 0.5% and by 84 points to close at a value of R161.72 (Clean). The Cape Wools All Wool Indicator lost 0.9%.
The wool market maintained its good performance to end unchanged. The finer wool is still in high demand and good prices were achieved. In the mid micron groups, demand was muted and prices fluctuated more readily. There was good competition between buyers ma
Since the week ending 17th of February, the 5-day average price of Chinese cotton has moved gradually downwards from 15,999 yuan per tonne. The 5-day average price is now at 15,960 yuan per tonne the week ending 3 March, 0.10% lower relative to the week ending 24 February, and 0.17% lower relative to week ending 17 March.
On 27 February, the China Cotton Index 3128B fell marginally by 0.06% to 15,963 yuan per tonne. Following Monday, prices fell at an average 0.01% per day to 15,955 yuan per
