FUHRMANN NZ MARKET REPORT

Summary

Market dearer again.

Comment

North Island only selling today with a small offering of 5,250 bales.  The selection consisted of 70% good/average colour crossbred shears, mainly good colour length +/-3″, 10% crossbred fleece good colour, 5% end of season clothing lambs 29.0-31.0 micron generally average colour, 10% associated oddments, mainly clothing lengths and 5% miscellaneous types.  This week’s North Island auction carried on with similar buyers sentiment from last week with another good lift on the good colour favourable types.  The competition was widespread with most buyers competing strongly and most sectors operating finishing on a positive note.

Fleece Wools

Crossbred Fleece fully 7% dearer.

Second Shears

All descriptions 5% dearer.

Lambs

Good/average colour sellers favour.

Oddments

Clothing oddments all descriptions 3% dearer.

Passings

3% Passed In.

Next Auction

No wool sale next week.  The next auction will be combined North Island, offering 8,900 bales and South Island offering 9,800 bales on 6 August 2020.

NEW ZEALAND MARKET REPORT

Summary

Still limited offering of finer wools.

Comment

Minimal fine wools on offer this week but a small offering of mid-micron wools available.  The market today in the South Island was mixed but generally 26.0 micron and finer were par to sellers favour while wools coarser than 26.0 micron were buyers favour with the exception of 29.0 micron wools which were up to 5% dearer.  Passings were at 10%.

FUHRMANN NZ MARKET REPORT

Summary

Market generally tending dearer.

Comment

South Island only selling today with 10,500 bales on offer.  The selection consisted of 50% good/average colour crossbred fleece with the bulk good colour pre lamb fleece wools.  Also on offer was 15% second shear, mostly good colour with the bulk length +/-3″, 15% end of season combing lambs, both clothing and up to full length combing, 30.0 to 31.0 micron generally good colour.  There was 15% associated oddments, all descriptions and 5% miscellaneous types.  This week’s South Island auction carried on the positive note with a good lift on the more favourable types.  Again the market was relatively wide spread with most buyers competing strongly and most sectors operating.

Fleece Wools

Crossbred Fleece fully 5% dearer.

Small selection of Halfbred fleece 3.5% dearer.

Second Shears

All descriptions sellers favour.

Lambs

Good colour 10% dearer.

Oddments

Clothing oddments very firm to buyers favour.

Passings

10% Passed In.

Next Auction

North Island only offering 5,700 bales on 23 July 2020.

FUHRMANN NZ MARKET REPORT

Summary

Market generally firm, shears easier.

Comment

North Island only selling today with 9,525 bales on offer.  The selection consisted of 20% good/average colour crossbred fleece/early shorn wool, 34.0 to 39.0 micron, 50% second shear, mostly good colour with bulk of the length +/-3″, 15% end of season combing lambs 30.0 to 31.0 micron tending average colour and 15% associated crossbred oddments.  With a stronger buyer sentiment, the market was relatively widespread with most sectors operating.

Fleece Wools

Crossbred fleece and early shorn all styles very firm.

Second Shears

All descriptions trending buyers favour.

Lambs

Good/average colour very firm.

Oddments

Clothing oddments very firm.

Passings

6% Passed In.

Next Auction

South Island only offering 10,550 bales on 16 July 2020.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market was dearer again, following on from the more positive tone last week. The finest and broadest merino types recorded the biggest gains. This would largely be a reflection of supply. There is still limited supply of fine and broad merinos with most of the selection fitting into the 18.5 / 20.0 – micron range. With the buyer activity yesterday focused strongly on securing quantity, the market premiums for quality were limited. All types and descriptions within a particular micron range sold within a narrow range of price. As a result, the low yields and high mid break lots sold with minimal discount.

AWEX Eastern Indicator compared with 03/07/2020

Eastern Indicator

Close: 1134

Change in % +1.61

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

Authentico Index Values

15 Micron

Close: 2353

Change in %:  -0.72

16 Micron

Close: 2045

Change in %: +4.23

17 Micron

Close: 1792

Change in %: +4.13

18 Micron

Close: 1549

Change in %: +0.65

19 Micron

Close: 1400

Change in %: -1.06

Authentico Indicator

Close: 1787

Change in %: +2.17

Forecast

Sales will resume in the first week of August. The positive market finish should help to promote some trading activity during the recess.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 02                     11273                       10645                 5.6%

South                     M 02                    19682                       18465                 6.2%

West                       F 02                      4307                         3970                  7.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      recess

South                      recess

West                        recess

 

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

EASTERN AUSTRALIAN MARKET REPORT

The market closed for the mid-year recess on a very strong note. All descriptions dearer.

COMMENT

The market opened stronger and gained momentum as the sale progressed.

FLEECE

18.0 micron and finer 2 to 3% dearer

18.5 / 19.5 micron 2% dearer but also in the largest supply

20.0 / 22.0 micron 3% dearer

SKIRTINGS

17.0 micron and finer fully firm

17.5 / 19.0 micron 2% dearer

OPEN TOP

Nominally 2% dearer

 

EASTERN AUSTRALIAN MARKET REPORT

Market around about, although a little irregular with a stronger Australian Dollar against the USD.

COMMENT

A large offering. The market was reasonably well sustained around the current level although a little irregular in patches.

FLEECE

16.5 micron and finer tending a little dearer, par to 1%.

All better specification (length, strength and yield) were generally firm.

All average specification par to 1% easier for 18.5/20.0 micron

20.5 / 21.5 micron firm

SKIRTINGS

Generally very firm.

OPEN TOP

Nominally unchanged

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The 2020 wool season has opened on a positive tone with more widespread competition on the whole range of types and qualities on offer this week. Chinese interests have continued to dominate but with more support this week from European processors. The competition from China has pushed the lower specification types and resulted in a more positive result overall. The premiums and discounts for quality remains quite small at the moment. Actual price is the most important factor as buyers, traders and processors look for value in what remains a difficult period.

AWEX Eastern Indicator compared with 26/06/2020

Eastern Indicator

Close: 1116

Change in % +0.54

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

Authentico Index Values

15 Micron

Close: 2370

Change in %:  -0.92

16 Micron

Close: 1962

Change in %: -0.66

17 Micron

Close: 1721

Change in %: -1.03

18 Micron

Close: 1539

Change in %: +0.72

19 Micron

Close: 1415

Change in %: +0.07

Authentico Indicator

Close: 1749

Change in %: -0.39

Forecast

It was no doubt a more positive result this week but we wouldn’t yet call it a recovery in the market. We have the one sale remaining prior to the annual 3-week recess and we would expect for this week’s trend to continue next Tuesday and Wednesday. Longer term we remain very positive for wool. The global pandemic has naturally caused considerable damage to retailers and to wider consumer confidence. However, wool is just a very small part of the global textile chain and has outstanding environmental credentials, now a huge focus of the consumer. We are very confident that once demand improves and stock levels are reduced, then price recovery could be swift. Just when this happens is difficult to gauge. Added to the scenario is the fact that local wool production continues to decline.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 01                     9928                         9425                 5.1%

South                     M 01                    13791                        13065                5.3%

West                       F 01                      7102                         6774                  4.6%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 02                        T/W                          11600

South                     M 02                        T/W                          20363

West                        F 02                         W                              4749

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 5-10 cents dearer, skirtings 10 cents dearer and open tops generally unchanged.

FLEECE

Very similar market compared to yesterday with fleece generally 5-10 cents dearer with strong interest in high yielding wools and also 17.5u and finer. Again very good spread of buyers today.

Fleece had a passed-in rate of 4.2%.

SKIRTINGS

Skirtings were generally 10 cents dearer.

OPEN TOP

Finer open tops were generally unchanged, with 19.5u and broader 25 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market very firm, tending a little dearer for finer microns.

COMMENT

Another better market tone. This reflected in a smaller passed in rate. 11,500 bales were sold to the trade in Sydney and Melbourne today.

FLEECE

18.0 micron and finer par to 1% dearer

18.5 / 21.5 micron very firm but closed trending a little dearer

SKIRTINGS

Generally very firm.

OPEN TOP

Nominally unchanged