FREMANTLE MARKET REPORT

COMMENT

Fleece generally 20-25 cents dearer, skirtings 15-20 cent dearer, open tops 25 cents dearer.

FLEECE

Fleece prices were generally 20 cents dearer today, with better tested wool the most affected and up to 30-40 cents dearer. The market finished the day very strongly.

Fleece had a passed-in rate of 19.9%

SKIRTINGS

Skirtings were generally 15-20 cents dearer.

OPEN TOP

Open tops were generally 25-30 cents dearer on a limited selection.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Around 1% dearer in a more positive market tone.

COMMENT

Very firm start but the market was dearer as the sale progressed.

FLEECE

15.0 / 16.0 micron 1% dearer

16.5 / 17.0 micron fully firm

17.5 / 21.5 micron 1% dearer

SKIRTINGS

Sellers favour

OPEN TOP

Slightly dearer

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 50-60 cents cheaper, skirtings 50 cent cheaper, open tops 25-30 cents cheaper.

FLEECE

Fleece prices were generally 50-60 cents cheaper today. The market seemed to find a level after the first 30 minutes and held through to the end of the day.

Fleece had a passed-in rate of 28.3%.

SKIRTINGS

Skirtings were generally 50 cents cheaper.

OPEN TOP

Open tops were generally 25-30 cents cheaper on a limited selection.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Stylish superfine well supported, others easier.

COMMENT

Most descriptions were up to 2% easier today.

FLEECE

15.0 / 15.5 micron 1% dearer in a suitable selection. NM most affected.

16.0 micron 1% easier.

16.5 / 21.5 micron 2% easier.

SKIRTINGS

1 to 2% easier.

OPEN TOP

1 to 2% easier.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Activity was clearly more focused on the Chinese specification types this week. The largest percentage change was on the tender and more average performing wool types. These are usually the first to react in any market change and typically are the most volatile. Our better types for our Italian weaver clients were generally very firm this week. The better style and strength types are not as exposed to the volatility in the current market. This was the same for the Authentico clips. They didn’t move much, in fact even slightly easier in the 17.5 / 19.0 range as the general market activity was dominated by those seeking wool at a price. It was a very welcome sign though. This activity resulted in one of the more stable overall market trends in recent weeks if not months.

AWEX Eastern Indicator compared with 4/10/2019

Eastern Indicator

Close: 1543

Change in % +2.12

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

Authentico Index Values

15 Micron

Close: 2428

Change in %: +0.37

16 Micron

Close: 2233

Change in %: +1.59

17 Micron

Close: 2053

Change in %: -1.39

18 Micron

Close: 1992

Change in %: -0.69

19 Micron

Close: 1909

Change in %: -1.34

Authentico Indicator

Close: 2094

Change in %: -0.33

Forecast

We have another designated superfine sale in Sydney next week. These sales are becoming less dominated by superfine clips as growers look to sell into a positive market tone as a preference over when they have traditionally offered their wool. Even considering this, we do expect a few more superfine clips. The New England region is suffering from an extended and brutal drought. This is forcing further reductions in sheep numbers added to reduced cut per head, lower lambing percentages and increasing feed costs. The real cost of this on the level of production is still a long way from being realised. These woolgrowers must be commended for their resolve and commitment to wool growing and the welfare of their sheep in such difficult times.

Auction offering – current week

Selling Centres for week 15

Market          Sale          Offered             Sold       Passed In

North                    S 15                       6753                          6352                  5.9%

South                   M 15                      15151                         14238                 6.0%

West                     F 15                        6245                          5425                 13.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 16                        W-T                           11113

South                      M 16                       W-T                          21108

West                        F 16                        W-T                           7835

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 10-15 cents dearer, skirtings 30-40 cent dearer, open tops 35-40 cents dearer.

FLEECE

Fleece prices were another 10-15 cents dearer today with better style and finer microns the most affected.

Fleece had a high passed-in rate of 18.0%.

SKIRTINGS

Skirtings were generally 30-40 cents dearer.

OPEN TOP

Open tops were generally 35 cents dearer on a limited selection.

 

 

NEW ZEALAND MARKET REPORT

Summary

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

Comment

The New Zealand fine wool market played catch up (or catch down) with Australia.  After the falls seen last week in Australia but then subsequet rises this week, we saw the finer wools (less than 18.5 micron) fall by up to 5%.  Wools 19.0 to 21.0 micron actually rose by up to 5% when compared to the last sale held in Christchurch.  There was still widespread competition across the board and across the catalogues with keen bidding across the microns and types.

FUHRMANN NZ MARKET REPORT

Summary

Market eases for finer wools, coarser wools firmer.

Comment

South Island only selling today with 8,300 bales on offer.  The selection consisted of 28% crossbred hogget fleece, good colour and bulk, average 75mm 32.0 to 36.0 micron, 22% crossbred fleece good/average colour, 100/150mm 35.0 to 38.0 micron, 15% merino fleece 16.0 to 22.0 micron, 11% halfbred fleece 23.0 to 29.0 micron, 11% crossbred second shear bulk 75mm good colour 35 to 38.0 micron, 10% associated oddments and 3% miscellaneous types.  Widespread competition with Europe main and support from China, Australasian carpet mills and India.

Fleece Wools

19.0-26.0 micron generally 5% cheaper.

27.0-31.0 micron buyers favour.

32.0-35.0 micron fleece firm.

36.0 micron coarser fleeces sellers favour.

Second Shears

75mm longer 5% dearer.

75mm shorter firm.

Oddments

All descriptions firm.

Passings

12% Passed In.

Next Auction

North Island only selling with 8,000 bales on offer 24th October.

Fleece Wools Summary

19.0-26.0 mic
Variation %: 5

27.0-31.0 mic
Variation %: Buyers favour

32.0-35.0 firm
Variation %:

↑36.0 and coarser
Variation %: Sellers favour

Second Shears Summary

↑75mm longer
Variation %: 5

75mm shorter
Variation %: Firm

Oddments

All descriptions
Variation %: Firm

 

EASTERN AUSTRALIAN MARKET REPORT

Market trending a little dearer again.

COMMENT

Another very good sale. Prices marginally dearer across the board.

FLEECE

Best style, length and strength 19.0 micron and finer fully firm.

Good specification 20.0 micron and finer 1% dearer, 20.5 / 21.5 micron 1.5% dearer.

Inferior / tender wool 1% dearer.

SKIRTINGS

Better skirtings up to 1% dearer.

OPEN TOP

1% dearer.

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 40-60 cents dearer, skirtings 50 cent dearer, open tops 15 cents dearer.

FLEECE

Fleece rose strongly today with 18.5u and finer around 50-60 cents dearer, while 19.5u and broader were 40 cents dearer. A large number of lots were withdrawn prior to sale which increased pressure on the market.

Fleece had a very high passed-in rate of 7.0%.

SKIRTINGS

Skirtings were generally 50 cents dearer.

OPEN TOP

Open tops were generally 15 cents dearer on a limited selection.