Superfine 18 micron merino from Otago, New Zealand
SIP buys and sells Superfine 18 micron merino, out of Otago, New Zealand. Sell it to us or buy it from us, and fix the price forward. Physical cargo, prompt to long dated. Every other merino wool grade and delivery point sits on the merino wool sheet.
Start the deal with SIP Global
Choose the deal you want. A SIP trader picks it up directly, no signup required.
Nothing here matches what you are holding? Send it anyway. The sheets cover the markets we publish, not the limit of what we will look at.
Specification
One grade at one delivery point. Grades, origins and windows outside this line are priced on request.
| SIP ID | FIBR-MERINO-SUPER18-NZ-OTA |
|---|---|
| Symbol | MERINO.SUPER18.NZ-OTA |
| Class | Natural Fibres & Textiles |
| Commodity | Merino Wool ↗ |
| Grade | Superfine 18 micron merino |
| Delivery point | Otago, New Zealand |
| Country | New Zealand |
| Subdivision | Otago |
| Quote basis | On request |
| Market | Buys and sells, quoted on request |
Forward, floor, cap, fixed-price and storage structures are quoted on request. Tell us the side, the quantity and the timing.
The grade
Otago lots of this grade, current-crop and processed for export.
Sub-19-micron merino wool, graded on micron, staple length and yield.
Run the numbers
Work out the cost before you ask us for a price. Each tool opens set up for merino wool.
Which side are you on
We stand on both. One counterparty, one price, either direction.
| Selling | If you grow, produce or export Superfine 18 micron merino, we are the buyer. Tell us the volume and the window and we bid it, prompt or forward, so the price is fixed before the crop moves. We price against the Sep to Feb harvest and ahead of it. |
|---|---|
| Buying | If you buy, process or manufacture with Superfine 18 micron merino, we are the seller. Give us the tonnage and the delivery window and we offer it, with the price locked for as long as your book needs. Arrival at destination usually runs Nov to Apr. |
Send the side, the quantity and the delivery window. We come back with a price.
Price guarantee on Superfine 18 micron merino
If a move in the Superfine 18 micron merino price would hurt you, fix the price now. We agree it today for the months you name, and it holds whatever the market does in between.
| Buying | You use or resell Superfine 18 micron merino and need to know your cost. We fix your purchase price for the quantity and months you name. |
|---|---|
| Selling | You grow, produce or hold Superfine 18 micron merino and need to know your revenue. We fix your sale price ahead of production or shipment. |
| Settlement | Against delivery of the Superfine 18 micron merino. |
A price is fixed only once a trader confirms it in writing. Request a fixed price.
Caps and floors on Superfine 18 micron merino
A fixed price binds buyer and seller. A cap or a floor is a guaranteed price on one side only. You pay a fee up front for it, and it is a right, not an obligation: you use it only if the market moves against you.
| Cap | For buyers. A guaranteed maximum price for Superfine 18 micron merino. If the market is above the cap when you buy, you pay the cap. If it is below, you buy at the market price and let the cap lapse. |
|---|---|
| Floor | For sellers. A guaranteed minimum price for Superfine 18 micron merino. If the market is below the floor when you sell, you receive the floor. If it is above, you sell at the market price and let the floor lapse. |
| Fee | Agreed and paid up front. It is the whole cost of the cap or floor, and it is not refunded if the cap or floor goes unused. |
A cap or a floor is in place only once a trader confirms it in writing. Request a cap or a floor.
Shipment and customs
Harvest is when the fibre is shorn, cut or retted at origin. Arrival is when a shipment from that origin typically lands in a consuming market. The gap between them is classing, testing, baling and the voyage.
| Harvest | Sep to Feb |
|---|---|
| Arrival at destination | Nov to Apr |
Main shear from spring into summer, with pre-lamb shearing spreading the offering.
Windows outside this are priced on request. Tell us when you need it and we will work back from the date.
Customs classification
Merino Wool moves under the following Harmonized System headings. Confirm the heading with your broker before entry; classification turns on the finished specification, not the trade name.
| 5101.11 | Greasy shorn wool, not carded or combed |
|---|---|
| 5101.21 | Degreased wool, not carbonised |
| 5105.29 | Wool tops and other combed wool |
What we quote, and how far out
We buy and sell spot cash prompt out to three months, physical delivered prompt out to six months and forward from three months to twelve months. We price floors and caps, fixed-price deals and storage and rental against a stated side, quantity and window, and anything past the dates above the same way. There is no cap on the dates we will look at.
A quote is firm only when a trader confirms it in writing against your side, quantity and delivery window.
Contract terms
Quantity, grade tolerance, delivery point, and delivery window are agreed in the trade confirmation and prevail over anything published here. Quality is established at loading by an independent inspection agency nominated by SIP and acceptable to the counterparty, unless another basis is agreed in writing. Documentation, certificates of origin, and any phytosanitary, food safety, or conformity certificates are supplied as available for the grade and origin. The counterparty is responsible for import permits, duties, tariffs, and regulatory clearance at destination, and for confirming that the grade is admissible there. Title and risk pass at the agreed delivery point on the agreed Incoterm. Payment terms are agreed per trade. SIP may require a deposit, a letter of credit, or documents against payment. All trades are subject to SIP standard terms and conditions. Disputes are governed by the laws of Alberta, Canada, and resolved by binding arbitration in Calgary, Alberta.
Bids, offers and Buy or Sell requests on this page are non-binding engagements of price under the SIP standard trading terms. A trade exists only once SIP confirms it in writing.
Where it comes from
This line sits in the South Island high country and Otago, New Zealand. We hold New Zealand as origin and destination for merino wool, and quote against it on a stated side, quantity and delivery window.
| Country | New Zealand |
|---|---|
| Producing regions | the South Island high country and Otago |
| We trade it as | Origin and destination |
Origins and destinations outside this list trade on request. We are not limited to the locations shown here.
Common questions
Can I lock in a price for Superfine 18 micron merino in Otago, New Zealand?
Yes. SIP buys and sells on request, prompt to long dated. We price ahead of the Sep to Feb harvest as readily as against it. Send your side, the quantity and the delivery window and a trader comes back with a price. A quote is firm only when it is confirmed in writing.
Who buys Superfine 18 micron merino from Otago, New Zealand?
We do. SIP Global buys and sells in this market, so producers and exporters sell to us and buyers, processors and manufacturers buy from us. There is no listing, no auction and no chain of intermediaries in between.
How do I sell Superfine 18 micron merino forward?
Tell us the grade, the volume and the months you want covered. We bid it as a physical cargo, prompt or long dated, and settle against the delivery you name. Arrival at destination usually runs Nov to Apr. Structures beyond a flat forward are quoted the same way.
What is Superfine 18 micron merino?
Sub-19-micron merino wool, graded on micron, staple length and yield.
What is the minimum volume?
There is no published minimum. We look at what you have or what you need, and tell you straight whether we can price it.
SIP buys and sells this grade on request. Levels are firm only when confirmed in writing by a trader against a stated side, quantity, and delivery window. All trades are subject to SIP standard terms and conditions at https://sipglobally.com/legal/trading-terms/.