NEW ZEALAND MARKET REPORT

Summary

Market easier.

Comment

There was another good selection of fine wools on offer this week in Christchurch.  The market generally eased across the board from the last Christchurch sale by 2-5% for 17.0n micron and coarser while 16.5 micron was firm and 16.0 micron was up to 10% cheaper.  Oddments followed a similar pattern.  There was keen bidding at these levels across the board in a well supported market.

FUHRMANN NZ MARKET REPORT

Summary

Market easier.

Comment

North Island offering 7,000 bales made up of 40% good colour fleece, 35% second shear, bulk 75mm, 15% associated oddments, 5% lambs and 5% miscellaneous.

South Island offering 8,100 bales made up of 45% crossbred fleece good/average colour, 10% crossbred second shear bulk 75/100mm, 15% associated oddments, 10% merino fleece, 10% halfbred fleece and 10% miscellaneous.

Limited competition with China and Indian Sub Continent main with support from Australasian carpet mills.

Fleece Wools

Crossbred fleece all types 5% cheaper.

Halfbred fleece 24-27 micron generally 80 cents cheaper.

Merino fleece 15-23 micron generally 100 cents cheaper.

Second Shears

Crossbred shears including hogget shears 75mm & shorter 5% cheaper.

Oddments

Crossbred oddments all descriptions 10% cheaper

Passings

20% Passed In.

Next Auction

Combined North & South Island, offering 12,000 bales, 3 December 2020.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

There has been little change in the overall market this week. Fine merino wool, particularly those lines with good specification, were keenly sought after while at the other end of the spectrum, the broader crossbred wools were less favoured. Also of note was the interest in fine carding types which were also dearer over the week.

AWEX Eastern Indicator compared with 20/11/2020

Eastern Indicator

Close: 1150

Change in % -0.77%

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

Authentico Index Values

15 Micron

Close: 2628

Change in %:  +1.27

16 Micron

Close: 2236

Change in %: +0.95

17 Micron

Close: 1949

Change in %: +0.10

18 Micron

Close: 1720

Change in %: -1.09

19 Micron

Close: 1505

Change in %: unchanged

Authentico Indicator

Close: 1952

Change in %: -0.36

Forecast

We have just three week’s of sales remining until the Christmas recess. It’s been a difficult year but the market is finishing on a strong note.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 22                     10127                        9161                  9.5%

South                     M 22                     19874                      17435                12.3%

West                       F 22                       6534                       5530                 15.4%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 23                        T / W                       10088

South                      M 23                       T / W                       23850

West                        F 23                        T / W                       7884

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally unchanged, skirtings 10 cents dearer and open tops 10-20 cents cheaper.

FLEECE

The fleece market was generally firm today. Low cvh and fine wools again came under increasing buying pressure and finished the day 10-15 cents dearer. 20.0u and broader and high cvh wools drifted 10 cents cheaper.

The passed-in rate for fleece was 13.6%.

SKIRTINGS

Skirtings were generally 10 cents dearer.

OPEN TOP

Open tops were 10-20 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Another very good market despite the volume on offer.

COMMENT

Very little change today with some minor movements up and down.

FLEECE

Interest in fine micron remains.

Best 17.0 / 18.0 micron again 1% dearer

18.5 / 20.0 micron sellers favour on average with good specification slightly dearer and inferior specification slightly cheaper.

20.5 / 22.0 micron up to 1% easier

SKIRTINGS

Generally unchanged

OPEN TOP

Fully firm with a focus on fine carding types.

 

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 5-15 cents cheaper, skirtings 10 cents dearer and open tops unchanged.

FLEECE

The fleece market opened firm to slightly dearer, with fine wools and low cvh fleece the most affected. As the sale progressed prices eased back and ended 5-10 cents cheaper. 17.5u and finer were the exception and finished 10-15 cents dearer.

The passed-in rate for fleece was 13.6%.

SKIRTINGS

Skirtings were generally 10 cents dearer.

OPEN TOP

Open tops were generally firm.

 

 

EASTERN AUSTRALIAN MARKET REPORT

A very good market tone. Most descriptions closed around similar levels to last week.

COMMENT

Nearly 13,000 bales sold to the trade today.

FLEECE

Best fleece 17.0/18.0 micron 1% dearer

All others 17.0 micron and finer 1% dearer

17.5 / 20.0 micron unchanged

20.5 / 21.5 micron par to 1% easier

SKIRTINGS

Generally unchanged

OPEN TOP

Fully firm.

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market traded in a narrow range again this week, highlighted by the positive tone at the close on Wednesday. The market was most definitely more keenly contested in the closing stages of Wednesday’s sale and finished strongly in Fremantle. While it’s difficult to measure for a variety of quality variables, the non mulesed selection is again attracting a wider range of competition and certain NM lots are more difficult to buy, pushed by greater competition. Demand is coming from China as well as Europe with a particular focus around 17.0 to 18.0 micron. This strength is reflected in our Authentico Index Values for these micron groups.

AWEX Eastern Indicator compared with 13/11/2020

Eastern Indicator

Close: 1159

Change in % -2.52%

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

Authentico Index Values

15 Micron

Close: 2595

Change in %:  -2.99

16 Micron

Close: 2215

Change in %: -1.42

17 Micron

Close: 1947

Change in %: -0.92

18 Micron

Close: 1739

Change in %: +1.22

19 Micron

Close: 1505

Change in %: -1.83

Authentico Indicator

Close: 1959

Change in %: -0.81

Forecast

41,000 bales are currently listed for sale next week. M$40 AUD worth of wool was sold to the trade in week 21 so we are seeing a more consistent level of finance coming into the market. According to AWEX reports, first hand offered wool at auction is down just 0.9% compared to the same period last year. This is despite the AWTA figures indicating a much poorer picture with regards to production. AWTA tested bales to end October were down 12% year on year. With the market resurgence since the low period of early September, we remain confident in the medium term.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 21                      9148                        7550                  17.5%

South                     M 21                     18863                      15458                18.1%

West                       F 21                       6904                       5092                 26.2%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 22                        T / W                       10858

South                      M 22                       T / W                       22971

West                        F 22                        T / W                       7698

 

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 cents cheaper and open tops 10-25 cents dearer.

FLEECE

The fleece market saw prices edge higher, with 19.5u and finer better spec wools the most affected finishing 10-15 cents higher.  21.0u and broader remained unchanged. Again there was a high passed-in rate which put pressure on the market.

The passed-in rate for fleece was 33.8%.

SKIRTINGS

Skirtings were generally 30-40 cents cheaper.

OPEN TOP

Open tops were generally 10-25 cents dearer.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market closed firm.

COMMENT

Trending a little stronger at the close. On average the market was firm.

FLEECE

All descriptions closed generally unchanged.

SKIRTINGS

17.5 micron and finer 1% easier, others generally unchanged.

OPEN TOP

Fully firm.