A slightly different sale format this week with Melbourne starting on Tuesday and Sydney and Fremantle a day later. Melbourne opened cheaper and the overall market sentiment didn’t really recover. The better wools were well supported earlier in the week while the more average Chinese specification range was cheaper across the board. The sale did level on Thursday in Sydney and Fremantle with 18.5 micron and broader ending largely unchanged compared to the Wednesday basis. Some Chinese indent buying activity improved during Thursday’s sale which influenced this result. Probably it was the lower price basis that encouraged this activity. There was a much greater passed in rate as grower reserves weren’t adjust to the easing trend.
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.
Demand for non mulesed (NM) wool is now more noticeable than ever. The market for NM certified wool is much more stable than the overall market. There is now a wider range of types attracting NM demand form a larger group of buyers and this is limiting any downward movement of NM types during this uncertain period. This demand is focused across all merino 14.5 to 21.5 micron.
Auction offering – current week
Selling Centres for week 13
Market Sale Offered Sold Passed In
North S 13 10263 9127 11.1%
South M 13 16685 15164 9.1%
West F 13 6037 4051 32.9%
Auction offering – next week
Market Sale Sale days Volume
North S 14 W-T 10488
South M 14 W-T 24268
West F 14 W-T 7790
If you want to see the complete Wool Sales Roster click here.