Australian Weekly Market Report

Posted on: January 11th 2018

General Market Summary

Sales opened for the 2018 calendar year on a very positive tone, following on from the extremely buoyant market of 2017. All types and descriptions opened dearer despite 53,000 bales being offered nationally and an Australian dollar that had improved by almost 2.5% since the last sale day of 2017. The AWEX Eastern Indicator crashed through the 1800 mark, another record, to close at 1818 on Thursday evening. After the extreme market on Tuesday and Wednesday, and a little ‘catch up’ factor in Sydney and Fremantle, prices did seem to settle somewhat on Thursday. Competition was a little more restricted to the larger few buyers, at least that’s how it felt sitting in the sale room. However, records keep tumbling and this has not been a normal season. 2018 opened in a similar pattern to recent year’s January sales. 

 

AWEX INDICATOR
compared with 14/12/2017
Indicator Close Change%
EASTERN 1818 +3.30

If you want to learn more about AWEX indicators, visit the official web site http://www.awex.com.au

SCHNEIDER INDICATORS
compared with14/12/2017
Indicator Close Change %
15 MICRON (*) 2854 0.00
16 MICRON 2776 +1.87
17 MICRON 2497 +1.63
18 MICRON 2255 +2.31
19 MICRON 2058 +2.69
(*) Marketed from September to March

Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it's not influenced by currency fluctuations.

Wool indicators are anyway based on Australian Dollar.

If you want to learn more about SCHNEIDER indicators CLICK HERE


Forecast

Despite 53,500 bales being on offer, our clients would be very surprised at how little wool there is suitable for our regular client’s requirements. The selection seems broader, at least less fine wool, and there is an abnormally high percentage of crossbred types on offer. Some of them quite inferior for style and quality. Unfortunately, many crossbred farmers remain more focused on the meat than wool quality and preparation.

Vegetable matter is increasing and there is a degree of prem-shorn wool on offer as growers sheer earlier to take advantage of the market. This will alter the normal flow of wool in coming months.

G Schneider Australia had the pleasure of buying a nice bale of 18.7 micron branded “CANCER COUNCIL”. This bale was offered on behalf of the Trynow Merino Stud of Goolma, NSW. The owner having had his own battle with cancer, now in remission, donated the proceeds to the Cancer Council. We were very pleased to support this cause and to buy this nice bale. It will be processed in our mill, Mediterranean Wool Industries in Egypt before delivery in a high-quality wool top destined for one of our premium Italian weaver clients.

SELLING CENTRES FOR WEEK 28
Market Sale Offered Sold Passed-in
North S28 12777 12339 3.4%
South M28 26944 26257 2.5%
West F28 13796 13287 3.7%
SELLING CENTRES FOR THE NEXT WEEK 29
Market Sale Selling Offering
NORTH S29 T/W/T 15964
SOUTH M29 T/W/T 29659
WEST F29 W/T 8627

If you want to see the complete Wool Sales Roster CLICK HERE


Sydney and Melbourne market report
January 18th 2018 Market opened around about, but tended to ease for the broader merino types as the sale progressed.
Fremantle Market report
January 17th 2018 WESTERN AUSTRALIA SOFTENS IN LINE WITH EASTERN STATES.
Sydney and Melbourne market report
January 17th 2018 Market easier but remains irregular. Some quite random price fluctuations throughout the sale.
Sydney and Melbourne market report
January 16th 2018 Market firm with some irregularity in inferior types, particularly those with a high mid break.
Fremantle Market Report
January 11th 2018 NATIONAL TREND CONTINUES UPWARD IN WESTERN AUSTRALIA TODAY.
Sydney and Melbourne market report
January 11th 2018 The market prices firmed and stabilised further at this basis.
Fremantle Market Report
January 10th 2018 FREMANTLE MARKET STRONGLY UPWARD 2 TO 3% AFTER CHRISTMAS RECESS.
Sydney and Melbourne market report
January 10th 2018 The market continues upward despite the large national offering.
Melbourne market report
January 09th 2018 The Melbourne market opened strongly for 2018. The AUD has strengthened significantly on the cross rates with the USD since the December close.
Fremantle Market Report
December 14th 2017 WESTERN AUSTRALIA ENDS THE WEEK CHEAPER BY 2% ASSISTED BY A STRONGER AUD AGAINST SOFT US.
Sydney and Melbourne market report
December 14th 2017 A softer market tone to close for the Christmas recess. Australian dollar stronger.
Fremantle Market Report.
December 13th 2017 WESTERN AUSTRALIA CONTINUES A VERY SIGNIFICANT RISE IN THE MARKET COMPARED MELBOURNE TUESDAY.