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Australian Weekly Market Report

Published July 13, 2018 by Tim Marwedel

General Market Summary

Sales closed for our three week mid-year recess on a generally positive tone. Despite a significant correction the week earlier and a reasonably large offering on Thursday, prices stabilised and the market traded within a much more confident tone. Bidding continued strongly to the end of sale with Sydney posting a slight increase and Melbourne slightly down as prices levelled between the markets. It has been an erratic ride with prices clearly upward over a long period. The past couple of weeks have been a reality check but as has been the case for a few years now, the downward correction has been limited. This is clearly influenced by the supply or general lack of it.

AWEX Eastern Indicator compared with 29/06/2018

Eastern Indicator

Close: 1981

Change in %: -0.65%

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

Schneider Indicators compared with 21/06/2018

15 Micron (*)

Close: –

Change in %: –

16 Micron

Close: 3086

Change in %: +0.55

17 Micron

Close: 2643

Change in %: -0.86

18 Micron

Close: 2348

Change in %: -1.63

19 Micron

Close: 2189

Change in %: +1.67

(*) 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

There will be no auction sales for three weeks now with sale resuming the week of August 6th. Shearing is now under way in the key superfine regions. Drought will no doubt have some affect on staple length, strength and yield and in some cases, we expect tensile strength also to be affected.

Auction offering – current week

Selling Centres for week 53

Market          Sale          Offered          Sold          Passed In

North                   S 02               14477                   13593               6.1%

South                   M 02              22018                   20457              7.1%

West                     F 02               4049                     3045               24.8%

Auction offering – next week

Recess Period

Market          Sale          Offered          Sold          Passed In

North                   No Sale

South                   No Sale

West                     No Sale

If you want to see the complete Wool Sales Roster click here.