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Australian Weekly Market Report

Published September 27, 2018 by Tim Marwedel

General Market Summary

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.

AWEX Eastern Indicator compared with 21/09/2018

Eastern Indicator

Close: 2013

Change in %: -2.61%

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

Schneider Indicators compared with 21/09/2018

15 Micron (*)

Close: 3493

Change in %: -2.12

16 Micron

Close: 3003

Change in %: -4.13

17 Micron

Close:  2782

Change in %: +1.22

18 Micron

Close: 2500

Change in %: -1.24

19 Micron

Close: 2263

Change in %: -2.92

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

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.