EASTERN AUSTRALIAN MARKET REPORT

Improved market sentiment.

COMMENT

Slightly dearer trend on average and less than 10% were passed in. Non Mulesed (NM) wool less affected by this week’s easing trend.

FLEECE

Better lots with good yields very firm. Keenest demand is on 17.0/18.5 micron from Italian interests. These are dearer than equivalent lots 16.0/16.5 micron.

Good to average specification –

16.5 micron 1% easier

17.0 / 18.5 micron unchanged

19.0 / 21.5 micron par to 1% dearer

SKIRTINGS

Generally firm, tending slightly dearer for the better lots.

OPEN TOP

Unchanged in a small selection.

FUHRMANN NZ MARKET REPORT

Summary

Market generally easier.

Comment

North Island only selling today with 9,000 bales on offer.  The selection consisted of 70% crossbred second shear 75/100mm and shorter, good colour, 35.0 to 40.0 micron, 20% associated oddments and 10% miscellaneous types.  Reasonable competition with Australasian carpet mills, South East Asia main and support from United Kingdom, Continent and China.

Second Shears

Good colour 5.5% cheaper.

Poorer style buyers favour.

Oddments

Better colour 5.5% dearer.

Poorer style firm.

Passings

16% Passed In.

Next Auction

North and South Island selling with 18,000 bales on offer 27th June.

Second Shears Summary

↓ Good colour

Variation %:  5.5

↓ Poorer style

Variation %:  Buyers favour

 

Oddments

Better Colour
Variation %: 5.5

– Poorer style
Variation %: Firm

EASTERN AUSTRALIAN MARKET REPORT

Market easier. Yield having a strong influence in a poor quality offering.

COMMENT

Around 18% passed in.

FLEECE

Better lots with good yields 1 to 2% easier

Good specification 2% easier

Yield related inferior types, tender, dusty fleece 2 to 3% easier.

SKIRTINGS

Up to 2% easier and irregular

OPEN TOP

Nominally 2% easier

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Demand slowed again this week as the small offering as well as the still drought affected wools are having an impact. With a large percentage of the offering having poor spec and very low yield, exporters are finding these types harder to place orders. These poorest style wools saw the largest loss over the week. Growers were very resistant to the fall in prices with 21.3% of the entire offering passed in. The better spec and yielding wools were less affected, whilst those with best style were barely affected as a real gap has begun to emerge between quality.

AWEX Eastern Indicator compared with 07/06/2019

Eastern Indicator

Close: 1823

Change in % -2.20%

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

Schneider Indicators compared with 07/06/2019

↓15 Micron

Close: 2,494

Change in %: -1.84%

↓16 Micron

Close: 2,253

Change in %: -2.35%

↓17 Micron

Close:  2,176

Change in %: -2.48%

↓18 Micron

Close: 2,117

Change in %: -2.36%

↓19 Micron

Close: 2,068

Change in %: -1.06%

 

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

Sales will take a break once again this week in Fremantle seeing the national offering drop back again to just 19,745.

As the drought continues across much of NSW and QLD the generally poor offering will continue for the foreseeable future. There is a generally small national offering forecast for the next couple of weeks leading into the three week recess. Hopefully this can stimulate the market a little as buyers need to complete orders and look to have enough wool to keep the machines running through the recess.

Auction offering – current week

Selling Centres for week

Market          Sale          Offered             Sold       Passed In

North                    S 50                      7923                          6841                  13.7%

South                   M 50                     14256                        11757                 17.5%

West                     F 50                      5961                          3562                  25.0%

 

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 50                        W-T                          8327

South                      M 50                       W-T                          11418

West                        No Sale

 

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

EASTERN AUSTRALIAN MARKET REPORT

Better tone. Market slightly easier.

COMMENT

All types and descriptions were about 1% easier. 25% of the wool offered for sale was passed in.

FLEECE

Better lots with good yields 1% easier

Good specification 1-2% easier

Inferior types  1-2% easier

SKIRTINGS

The few better lots were still keenly sought after. Others 1% easier.

OPEN TOP

1 to 2% easier.

FREMANTLE MARKET REPORT

COMMENT

Fleece 10 cents dearer, skirtings 20 cents dearer, open tops 20 cents cheaper.

FLEECE

Fleece firmed today after yesterday’s heavy falls. Better spec lots were up to 20 cents dearer, while other types remained firm.
Fleece had a very high passed-in rate of 58.7%.

SKIRTINGS

Skirtings were generally 20 cents dearer on a very limited selection.

OPEN TOP

Open tops were generally 20-25 cents cheaper.

 

NEW ZEALAND MARKET REPORT

Summary

Still limited offering of fine wools available.

Comment

Once again there was a small limited selection of finer wools on offer today in Christchurch.  Prices tended to reflect the movements seen in Australia.

FUHRMANN NZ MARKET REPORT

Summary

Market generally dearer but halfbreds ease.

Comment

South Island only selling today with 8,000 bales on offer.  The selection consisted of 55% crossbred fleece, 35.0 to 39.0 micron bulk average colour, 10% second shear 75/100mm and shorter, good colour, 12% crossbred lambs, 10% halfbred fleece 26.0 to 30.0 micron. Also on offer were 10% associated oddments and 3% miscellaneous types.  Good competition with China main and support from Australasian carpet mills and South East Asia.

Fleece

Crossbred fleece in a limited selection good colour 4.5% dearer.

Crossbred fleece average colour firm.

Halfbred fleece generally 5& cheaper.

Second Shears

75/100mm and shorter 7.5% dearer.

Lambs

Sellers favour.

Oddments

Combing oddments firm.

Clothing oddments 8% dearer.

Passings

20% Passed In.

Next Auction

North Island only offering 9,000 bales on 20th June.

Fleece Summary

Crossbred Good Colour
Variation %:  4.5

– Crossbred Average Colour
Variation %:  Firm

↓ Halfbred Fleece
Variation %:  5

Second Shears Summary

75/100mm & shorter

Variation %:  7.5

Lambs

Limited selection
Variation %: Sellers favour

Oddments

Combing Oddments
Variation %: Firm

Clothing oddments
Variation %: 8

EASTERN AUSTRALIAN MARKET REPORT

Market easier.

COMMENT

All types and descriptions were about 1-2% easier. 15.5% of the wool offered for sale was passed in.

FLEECE

Better lots with good yields 1-2% easier

Good specification 2-3% easier

Inferior types  2-3% easier

SKIRTINGS

The few better lots were still keenly sought after. Others 1-2% easier.

OPEN TOP

1 to 2% easier.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Currency markets are fluctuating a little and this is impacting on market confidence. The AWEX EMI was down just 7 USC (0.5%) for the week but 1.2% lower in local currency. The smaller volume offering, just 21,000 bales nationally, wouldn’t have helped. And furthermore, 15% of those were passed in, resulting in just 18,000 bales being sold to the trade for the week. Topmakers seem to be taking the most advantage of the more subdued tone in the auction room. The small offering of better yielding and performing types were largely unchanged but all other descriptions were irregular.

AWEX Eastern Indicator compared with 31/05/2019

Eastern Indicator

Close: 1864

Change in % -1.22%

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

Schneider Indicators compared with 31/05/2019

↑15 Micron

Close: 2,540

Change in %: +0.24%

↓16 Micron

Close: 2,306

Change in %: -1.86%

↓17 Micron

Close:  2,230

Change in %: -1.75%

↓18 Micron

Close: 2,167

Change in %: -0.32%

↓19 Micron

Close: 2,090

Change in %: -2.01%

 

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

Sales in Fremantle will be on again next week after a one-week break. It’s a very quiet time of the year in Western Australia and each year there are a few weeks during this period without sales.

The drought continues in parts of NSW. Lambing numbers were significantly affected last year and young weaner weathers are being sold as we move into winter without sufficient grass cover. This will impact further on wool production this year, particularly in the New England region where the Italian market often relies on heavily for volume of quality types.

Auction offering – current week

Selling Centres for week 49

Market          Sale          Offered             Sold       Passed In

North                    S 49                      9495                          8162                  14.0%

South                   M 49                     12249                        10218                 16.6%

West                     F 49                      no sale

 

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 50                        W-T                          8242

South                     M 50                       W-T                          15136

West                       F 50                        W-T                            6611

 

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