EASTERN AUSTRALIAN MARKET REPORT

Market a little easier.

COMMENT

A large offering and the Australian dollar is stronger against the US dollar.

FLEECE

Best 18.0 micron and finer 1% easier.

Best 18.5 / 21.0 micron 2% easier

Good specification all 2% easier

Inferior specification, tender with high mid break all 2 to 3% easier.

SKIRTINGS

18.5 micron and finer 2% easier. Best 17.0/17.5 micron least affected.

OPEN TOP

1% easier

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Prices have ended around similar levels of last week. After initially opening cautiously, prices improved over the remainder of the sale. The market was in a stronger position at the close of sale Tuesday night than what most reports and indexes would lead us to believe. This flowed into a more positive tone on Wednesday. Again, prices opened on a slightly cautious tone with buyers careful with price considering the wild fluctuations we’ve experienced in recent weeks. However, prices steadied and improved as the sale progressed. All in all a good positive market tone under the circumstances. Hopefully this help to improve market confidence in the coming weeks.

AWEX Eastern Indicator compared with 06/11/2020

Eastern Indicator

Close: 1189

Change in % +0.08%

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

Authentico Index Values

15 Micron

Close: 2675

Change in %:  +0.11

16 Micron

Close: 2247

Change in %: 0

17 Micron

Close: 1965

Change in %: +0.05

18 Micron

Close: 1718

Change in %: +0.94

19 Micron

Close: 1533

Change in %: +0.33

Authentico Indicator

Close: 1975

Change in %: +0.30

Forecast

While still erratic, the market now appears to be trading within a more narrow range. We have only five sale weeks remining this calendar year. Many will be looking forward to 2021 and hopefully better times, but in the end the wool market has rebounded in 2020 better than many would have expected a few months ago. No doubt influenced by reduced global supply.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 20                      9091                        7943                  12.6%

South                     M 20                     19377                      16919                  12.7%

West                       F 20                       9044                       8318                   8.0%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 21                        T / W                        9161

South                      M 21                       T / W                       23446

West                        F 21                        T / W                        7932

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 40 cents dearer, skirtings 20 cents dearer and open tops 25-30 cents dearer.

FLEECE

The fleece market rose strongly today with prices generally 40 cents dearer. Better tested wools with low cvh were the most affected. Prices held until the last 10 minutes before easing back slightly on a relatively large offering.

The passed-in rate for fleece was 4.9%.

SKIRTINGS

Skirtings were generally 20 cents dearer.

OPEN TOP

Open tops were generally 25-30 cents dearer.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market 2% dearer. Strongest at the close.

COMMENT

All types and descriptions keenly sought after in strong general competition.

FLEECE

2% dearer

SKIRTINGS

2% dearer

OPEN TOP

2% dearer

 

FREMANTLE MARKET REPORT

COMMENT

Fleece generally unchanged to slightly dearer, skirtings 20 cents cheaper and open tops 40-50 cents cheaper.

FLEECE

The fleece market opened slightly cheaper compared to last week, and then prices crept upwards during the sale to close firm to slightly dearer. Low cvh wools and 18.5u and finer were the most affected with selected lots 10-15 cents dearer.

The passed-in rate for fleece was 10.5%, with around 100 fleece lots withdrawn prior to sale.

SKIRTINGS

Skirtings were generally 20 cents cheaper.

OPEN TOP

Open tops were generally 40-50 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

The market opened cautiously but improved as the sale progressed.

COMMENT

There was a competitive tone in the auction room today which gained momentum throughout the sale.

FLEECE

Better specification par to 1% easier.

Others 1 to 2% easier.

SKIRTINGS

Best fine skirtings par to 1% easier, with 17.0/17.5 micron those most keenly sought

Others 2% easier.

OPEN TOP

Generally 1% easier.

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Market volatility remains the new normal. Greasy wool is being traded on a ‘hand to mouth’ requirement for prompt delivery. In the current environment, customers are less likely to make a decision on their longer-term requirements. The ongoing global situation is limiting the amount of risk or exposure they are prepared to take. They are making decisions to buy at the latest possible moment. This urgency is adding to the volatility. We are relying on the one major destination for wool at the moment so this volatility is likely to continue. This is creating some opportunities for both buyers and sellers but this extreme volatility is making business decisions more complicated.

AWEX Eastern Indicator compared with 30/10/2020

Eastern Indicator

Close: 1188

Change in % +4.39%

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

Authentico Index Values

15 Micron

Close: 2672

Change in %:  +3.89

16 Micron

Close: 2247

Change in %: +2.46

17 Micron

Close: 1964

Change in %: +4.19

18 Micron

Close: 1702

Change in %: +2.41

19 Micron

Close: 1528

Change in %: +4.23

Authentico Indicator

Close: 1969

Change in %: +3.25

Forecast

AWTA test data figures for the period to end October were released this week. 11.4% less weight was tested when compared with July to October 2019. More noticeably a reduction of 32.5% in net weight of wool 16.5 micron and finer has been tested. That is a trend quite obvious to us on the show floor. Overall, 19.5 micron and finer is down 19.2% when compared to the same period last season. (source AWTA).

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 19                      8520                        8183                   4.0%

South                     M 19                     16674                      15035                   9.8%

West                       F 19                      6918                         6050                  12.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 20                        T / W                        9016

South                      M 20                       T / W                       22293

West                        F 20                        T / W                       10660

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece 40-60 cents cheaper, skirtings 20-40 cents cheaper and open tops 20-30 cents cheaper.

FLEECE

The fleece lost some of yesterday’s gains with prices generally 40-60 cents cheaper today. Better tested wools with low cvh were less affected, and 20.5u and broader were only off 30-40 cents.

The passed-in rate for fleece was 27.3%.

SKIRTINGS

Skirtings were generally 20-40 cents cheaper.

OPEN TOP

Open tops were generally 20-30 cents cheaper on a limited selection.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market a little less extreme and settled around 2% cheaper.

COMMENT

It was not expected that the extraordinary performance of yesterday could be maintained. The market settled around 2% below, but competition remained strong to the end. If anything, it improved a little towards the close.

FLEECE

2% easier.

Best fine fleece were least affected and tender fleece were most affected.

SKIRTINGS

2% easier with the exception of 17.5 micron which were just slightly easier.

OPEN TOP

Fine open top firm, others 1% easier.

 

NEW ZEALAND MARKET REPORT

Summary

Market mixed but continues upward movement.

Comment

In a good selection of finer wools offered today in Christchurch the market continued to follow in the footsteps of Australia with gains seen in most finer microns of between 2-7%.  The exception to this was the 17.5 to 18.0 micron bracket which saw 1-3% drop.  In the coarser wools 21.5 to 22.5 micron were par to 2% easier while 23.0 micron and coarser saw gains up to 8%.  The market continues to be well supported by a full bench of buyers.