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Australian Weekly Market Report
Published December 6, 2018 by Tim Marwedel
The solid market tone on Wednesday was followed by across the board increases for all merino categories on Thursday. This is a very positive result leading into next week’s 48,000 bale sale, the last before the three-week Christmas and New Year recess. The biggest gains were in the 17.0 micron and finer range. We noted strong activity also on the 14.5 and 15.5 micron types which were in larger volume supply than usual this week.
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.
It’s been a difficult 6-month period but we’ve seen a positive reaction to the new price levels for fine wool. There has been a noticeable increase in buyer activity on everything 18.5 micron and finer in recent weeks. The better types have never really moved much, nor have those declared as NM. But what has improved has been the lower specification type most suited to the Chinese market. While 19.0 / 21.5 micron maybe look too expensive, driven buy limited supply, the fine micron types look much more reasonable and less risk for those who need to buy.
Auction offering – current week
Selling Centres for week 23
Market Sale Offered Sold Passed In
North S 23 9680 8949 7.6%
South M 23 19002 16874 11.2%
West F 23 8728 7784 10.8%
Auction offering – next week
Market Sale Sale days Volume
North S 24 W-T 13072
South M 24 W-T 27146
West F 24 W-T 8559
If you want to see the complete Wool Sales Roster click here.