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Australian Weekly Market Report
Published August 31, 2018 by Tim Marwedel
General Market Summary
The first of the designated superfine sales was held in Sydney this week. Some clips that we wouldn’t normally see this early in the season were offered. Competition on the best clips, good performing types that are well prepared remains very strong. While Italian interests are dominating this sector, competition from other origins is strong. Of particular note is competition on non mulesed (NM) wool with more and more buyers now competing for NM certified production batches. Overall another steadying tone over the general market despite the high market level. All types and descriptions closed dearer for the week.
The Melbourne sale on Thursday was rescheduled for Friday after a nearby factory fire stopped access to the Victorian Wool Centre. The industry reacted well to this inconvenience with the unusual Friday sale proceeding without incident.
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.
We are now moving into the main period of supply yet only 37,000/38,000 bales on average are being offered weekly. It’s difficult to see any significant change in local prices. While it’s still early in the season and some might be cautious to buy, a few large indent order buyers always seem willing to step into the market each time prices show an inclination to fall and therefore stopping any significant downward movement.
Auction offering – current week
Selling Centres for week 09
Market Sale Offered Sold Passed In
North S 09 10591 10419 1.6%
South M 09 14970 14509 3.1%
West F 09 10427 10073 3.4%
Auction offering – next week
Market Sale Sale days Volume
North S 10 W-T 11092
South M 10 W-T 21466
West F 10 W-T 6735
If you want to see the complete Wool Sales Roster click here.