FREMANTLE MARKET REPORT

COMMENT

Fleece generally 15-20 cents cheaper, skirtings 5-10 cent dearer, open tops 10 cents dearer.

FLEECE

Fleece prices opened 20-30 cents cheaper today before firming during the sale to close around 15 cents cheaper.
Fleece had a passed-in rate of 24.2%

SKIRTINGS

Skirtings were generally 5-10 cents dearer.

OPEN TOP

Open tops were generally 10 cents dearer.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Superfine wool harder to buy, others a little irregular and depending on quality.

COMMENT

AUD stronger against the USD. Average Chinese standard types a little easier.

FLEECE

19.5 micron and finer best quality and specification up to 1% dearer and harder to buy in a limited selection.

Good specification –

15.0/16.5 micron par to 1% dearer

17.0/17.5 micron unchanged

18.0 / 20.5 micron 0.5 to 1% easier

21.0/22.0 micron firm.

SKIRTINGS

Generally firm except for 17.0 / 18.0 micron, slightly easier

OPEN TOP

Firm

 

EASTERN AUSTRALIAN MARKET REPORT

Market dearer. Strong upward trend.

COMMENT

Far more confident tone from predominantly Chinese interests. All types and conditions keenly sought.

FLEECE

15.0 / 15.5 micron 2 to 3% dearer

16.0 / 20.5 micron 2% dearer

21.0 / 21.5 micron 1 to 2% dearer

SKIRTINGS

1 to 2% dearer

OPEN TOP

Nominally 1 to 2% dearer. Still a little too early in the season for open top length lambs wool.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

There was welcome interest from the local traders with small but more consistent interest coming from China. We’re pleased that the band that the market is reacting within is now much smaller compared to last month. The better types and the most inferior types were the least affected as the typical Chinese qualities were in favour this week. Again, of interest to our group was the focus on 16.5 micron and finer. This is a micron range that is typically sought after by Italian weavers. For some time now they have appeared good value and as the Chinese focus remains on 18.5 and broader, it was only a matter of time before some trade activity shifted to the finer microns for value. Demand for the finer microns for more formal suiting has been reduced quite dramatically this season. So, perhaps this is a good sign of some market improvement in this sector.

AWEX Eastern Indicator compared with 18/10/2019

Eastern Indicator

Close: 1545

Change in % +1.85

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

Authentico Index Values

15 Micron

Close: 2424

Change in %: +0.75

16 Micron

Close: 2206

Change in %: -0.18

17 Micron

Close: 2084

Change in %: +1.17

18 Micron

Close: 2017

Change in %: +0.95

19 Micron

Close: 1953

Change in %: +2.63

Authentico Indicator

Close: 2109

Change in %: +0.91

Forecast

Looking into AWEX EMI data back to 2010 we note a regular spike in the AWEX EMI around early to mid-October. The omissions were 2018 and 2011 both strong market years and prices in those years were coming from high levels in the preceding months. In 2010, 2012, 2014, 2015 ,2016 and 2017 the EMI showed a strengthening trend to a stronger market in the month of October that was maintained through the following period and into the next calendar year. It’s with extraordinary regularity that this occurred. In 2013, the market was flat all year so that was another anomaly. Will the tide change with the recent few weeks stability and the better market tone this week? Fremantle sale finished stronger than the eastern state close.

Auction offering – current week

Selling Centres for week 17

Market          Sale          Offered             Sold       Passed In

North                    S 17                        4972                         4577                   7.9%

South                   M 17                      15498                        14627                  5.6%

West                     F 17                        6607                          6057                  8.3%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 18                       W-T                            9577

South                      M 18                      W-T                          21461

West                        F 18                       W-T                           8408

 

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

Fashion for Global Climate Action

Fashion for Climate Action

The Schneider Group joined the Fashion Industry Charter for Climate Action

We are proud to announce that we have joined the UNFCCC’s Fashion for Global Climate Action initiative as a signatory to the Fashion Industry Charter for Climate Action.

The Fashion for Global Climate Action initiative calls on the Fashion industry to acknowledge the contribution of the sector to climate change and our responsibility to strive towards climate neutrality for a safer planet.

At the Schneider Group we believe that through collective action and bold leadership, we have the power to make this fast and drastic transformation. By signing the Charter, we want to demonstrate our commitment to playing our part to ensure the fashion sector is on the path to a low-carbon future.

In line with the principles and targets enshrined in the Charter and the aims of the Paris Agreement, the Schneider Group commits to a 30% GHG emissions reduction by 2030 and we will strive to decarbonisation of the production phase, selection of climate-friendly and sustainable materials, low-carbon transport, improved consumer dialogue and awareness, work with the financing community and policymakers to catalyse scalable solutions, and explore circular business models.

In order to achieve our commitments, we have already initiated several actions and projects to ensure we can reduce our impact as quickly as possible. Our Group-wide Life Cycle Assessment we will be able to better identify areas for improvement and benchmark ourselves going forward. In Argentina, we have already invested into carbon positive projects to offset some of our emissions and we are developing our own carbon positive projects.

Speaking at the launch event for the Framework, UNFCCC Executive Secretary, Patricia Espinosa explained that the fashion industry is in a unique position to lead change in the world. “The fashion industry is always two steps ahead when it comes to defining world culture, so I am pleased to see it now also leading the way in terms of climate action.”

With this in mind, we hope our commitment will inspire our customers, communities and governments to raise their climate ambition in a united effort to limit global warming to 1.5oC. This is a race we can—and must—win to avoid significantly worsening the risk of droughts, floods, extreme heat and poverty for hundreds of millions of people.

 

Logo Fashion for Climate Action

EASTERN AUSTRALIAN MARKET REPORT

Market stronger again.

COMMENT

Melbourne sold in isolation.

FLEECE

17.0 micron and finer 1 to 2% dearer in strong competition. 16.0/16.5 micron most affected

All others 1% dearer

SKIRTINGS

1% dearer

OPEN TOP

1% dearer

NEW ZEALAND MARKET REPORT

Summary

Once again the New Zealand market fell when compared to last Christchurch sale but in line with the Australian market.

Comment

The fine wool selection selling in New Zealand today was dominated by hogget wools and while there were some well grown wools available there was also a selection of finer tender wools throughout the catalogue.  The fine wool market when compared to the last sale held in New Zealand eased by between 3 to  5% with 17 to 18 micron wools least affected once again reflecting what has been happening in Australia over the past two weeks.  There continues to be widespread competition across the board and across all catalogues with keen bidding across both microns and types.

FUHRMANN NZ MARKET REPORT

Summary

Market continues to ease for finer wools while coarser wool firmed.

Comment

South Island selling 8,500 bales and North Island offering 8,200 bales.  Total 16,700 bales on offer.  Both islands predominantly offering hogget fleece and shears 30 to 35 micron good colour.  South Island 10% merino fleece 16 to 22 micron, 15% mid micron fleece 23 to 25.5 micron.  Widespread competition with most sectors operating.  Europe main with support from China, Australasian carpet mills and India/Sub Continent.

Fleece Wools

19.0-26.0 micron generally 3% cheaper.

27.0-31.0 micron 2% cheaper.

32.0-36.0 micron fleece firm.

37.0 micron coarser fleeces sellers favour.

Second Shears

Crossbred shears very firm.

Oddments

All descriptions firm.

Passings

25% Passed In.

Next Auction

North Island only selling with 8,000 bales on offer 8th November.

Fleece Wools Summary

19.0-26.0 mic
Variation %: 3

27.0-31.0 mic
Variation %: 2

32.0-36.0 firm
Variation %:

↑37.0 and coarser
Variation %: Sellers favour

Second Shears Summary

All descriptions
Variation %: Very firm

Oddments

All descriptions
Variation %: Firm

 

EASTERN AUSTRALIAN MARKET REPORT

The market was around 1% dearer on average.

COMMENT

Fine wool keenly sought after in a smaller offering.

FLEECE

All descriptions 1% dearer with 16.5 micron and finer most affected.

SKIRTINGS

1.5% dearer with 16.5 micron and finer most affected, following the same pattern as the fleece.

OPEN TOP

Nominally 1 to 2% dearer.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Most market reports will alert to continued volatility this week but we are of the opinion that the better prepared clips, particularly those with NM or CM status, remain much more stable. We found only a small movement in our Authentico index’s this week, all moving between 0.3 and 1% up or down. There was a larger superfine selection this week and they were the wools that performed the best. The 15.0 to 17.5 micron range was well supported. The AWEX EMI didn’t fare as well, minus 1.7% for the week, but this would have been influenced by a poor performance in the crossbred sector which eased as the sale progressed.

AWEX Eastern Indicator compared with 11/10/2019

Eastern Indicator

Close: 1517

Change in % -1.69

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

Authentico Index Values

15 Micron

Close: 2406

Change in %: -0.91

16 Micron

Close: 2210

Change in %: -1.03

17 Micron

Close: 2060

Change in %: +0.34

18 Micron

Close: 1998

Change in %: +0.30

19 Micron

Close: 1903

Change in %: -0.31

Authentico Indicator

Close: 2090

Change in %: -0.19

Forecast

A smaller sale next week with 33,000 bales rostered for sale including a one-day sale (Wednesday) in Sydney. This is unusual for this time of the season and an indication of the general supply trend.

Auction offering – current week

Selling Centres for week 16

Market          Sale          Offered             Sold       Passed In

North                    S 16                      10143                         9060                 10.7%

South                   M 16                      17625                        15036                 14.7%

West                     F 16                        7588                          6093                 19.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 17                         W                              5425

South                      M 17                      W-T                          19371

West                        F 17                       W-T                           8174

 

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

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