EASTERN AUSTRALIAN MARKET REPORT

No Auction today.

COMMENT

Australian auctions have been cancelled this week following a cyber attack on the software house that hosts the servers of the majority of the industry. There is no access to individual servers nor is any electronic data available. It was impossible to conduct a large commercial auction under these circumstances. At this stage auctions are scheduled to recommence next week pending a positive outcome over the weekend. Sale volumes will be restricted to the normal standards. Sydney and Fremantle are likely to sell over two days and Melbourne three.

There will be no weekly report this week.

FLEECE

SKIRTINGS

OPEN TOP

 

NEW ZEALAND MARKET REPORT

Summary

Useful selection of finer wools on offer.

Comment

New Zealand had a very useful selection of finer wool on offer today.  Wools were well competed for although prices reflected a level of uncertainty in the market with technical issues affecting the Australian market as well as locally.

FUHRMANN NZ MARKET REPORT

Summary

Market generally dearer.

Comment

South Island offering 7,200 bales and North Island offering 12,600 bales this week.  The selection consisted of 37% ewe fleece, 34.0 to 38.0 micron, 15% second shear, 35.0 to 39.0 micron, 25% lambs fleece, 29.0 to 30.0 micron, 16% oddments and 7% miscellaneous types.  The South Island also included a small selection of Merino fleece which was a clean up for the season.  Widespread competition with most sectors operating.  China main, with support from South East Asia, United Kingdom, Europe and Australasian carpet mills.

Fleece Wools

Good/average colour ewe fleece all descriptions sellers favour.

Second Shears

All descriptions firm.

Lambs

Generally 5% dearer.

Oddments

All descriptions firm.

Passings

13% Passed In.

Next Auction

South Island only offering 5,500 bales on 5th March.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market continues to defy expectations. All types and descriptions sold well again this week and finished at the highest point with a strong market tone all the way to the close in Fremantle. Apart from a large fine wool selection ex New Zealand offered in Melbourne on Tuesday, the general offering was quite poor and ordinary but this wasn’t necessarily a barrier to price or demand. There was no doubt the better quality and specification attracted more consistent demand, but the large volume of tender and higher mid break wool types was also more keenly sought after, particularly 19.0/21.0 micron. These are typical Chinese types.

The week was rounded off with a celebration auction in Melbourne. The National Council of Wool Selling Brokers were celebrating 100 years and approximately 200 lots were offered at a gala auction that was followed by a cocktail party to commemorate the occasion.

AWEX Eastern Indicator compared with 14/02/2020

Eastern Indicator

Close: 1581

Change in % +0.83

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

Authentico Index Values

15 Micron

Close: 2623

Change in %: -2.38

16 Micron

Close: 2426

Change in %: -1.22

17 Micron

Close: 2259

Change in %: +1.26

18 Micron

Close: 2104

Change in %: +0.77

19 Micron

Close: 1982

Change in %: +0.46

Authentico Indicator

Close: 2255

Change in %: +0.09

Forecast

February is traditionally a month that offers the last of any quantity of quality fine wool. We’ve focused our purchase on the Tasmanian selection this year due to better seasonal conditions on the island. We have the last of the designated superfine sales in Sydney next week. We do expect some quality fine and superfine wools to be offered from the New England and hope to take advantage of this final opportunity for our spinner and weaver clients.

Auction offering – current week

Selling Centres for week 34

Market          Sale          Offered             Sold       Passed In

North                      S 34                     7793                 7245                    7.0%

South                     M 34                    18983               16647                  12.3%

West                       F 34                     12242               10715                   12.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 35                    W/T                         11188

South                     M 35                    W/T                         21754

West                       F 35                     W/T                         11149

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece 20-30 cents dearer, skirtings 10 cents dearer and open tops were firm.

FLEECE

Similar pattern to yesterday with fleece prices generally 30 cents dearer, with very strong demand for better tested lots. The market continued to stay strong right through to the end of the sale.
Fleece had a passed-in rate of 3.8%.

SKIRTINGS

18.5u skirtings were around 20 cents dearer, while 19.5u and broader were 10 cents dearer.

OPEN TOP

Open tops were generally firm to 15 cents dearer.

 

 

NEW ZEALAND MARKET REPORT

Summary

No fine wools on offer

Comment

Again there were no fine wools on offer this week in New Zealand as the brokers are holding their finer wools to sell next week.

EASTERN AUSTRALIAN MARKET REPORT

Market tending dearer in a small and generally broad and average selection.

COMMENT

Another positive market that continues to defy expectations.

FLEECE

Best lots 18.0 micron and finer 1% dearer in a limited selection.

All others tending a little dearer, par to 1%, with the better quality lots most affected.

SKIRTINGS

Better lots 1% dearer, others firm.

OPEN TOP

Unchanged in a limited selection.

 

FUHRMANN NZ MARKET REPORT

Summary

Market relatively firm.

Comment

South Island only offering 5,000 bales this week.  The selection consisted of 47% ewe fleece, 34.0 to 38.0 micron, 15% second shear, 35.0 to 39.0 micron, 16% lambs fleece, 28.0 to 30.0 micron, 16% oddments and 6% miscellaneous types.  Widespread competition continues with most sectors operating.  United Kingdom and Europe main with support from South East Asia.

Fleece Wools

Good/average colour ewe fleece buyers favour.

Second Shears

All descriptions firm.

Lambs

Generally 5% dearer.

Oddments

All descriptions firm.

Passings

23% Passed In.

Next Auction

South Island offering 7,200 bales and North Island offering 14,300 bales, 27th February.

FREMANTLE MARKET REPORT

COMMENT

Fleece 15-20 cents dearer, skirtings 60 cents dearer and open tops were 25 cents cheaper.

FLEECE

All fleece descriptions were around 20 cents dearer today, with good competition from all exporters. Better style fleece again attracted the most attention with selected lots 30-40 cents dearer.
Fleece had a passed-in rate of 16.9%.

SKIRTINGS

Skirtings were around 60 cents dearer.

OPEN TOP

Open tops were up to 25 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market generally firm.

COMMENT

The market direction differed a little between Sydney and Melbourne but prices are aligning in a variable selection.

FLEECE

Best lots with good specification remain fully firm

17.5 micron and finer average specification 1% easier.

18.5 / 21.5 micron all unchanged

SKIRTINGS

Generally firm.

OPEN TOP

Unchanged in a limited selection.