NEW ZEALAND MARKET REPORT

Summary

Limited selection in the last sale for 2020

Comment

There was a small limited selection of fine wool on offer today in Christchurch.  Fine wools eased slightly however competition was strong at this level and there was keen bidding across most wools.  Finer halfbreds were relatively firm, while coarser halfbreds eased.

We would like to take this opportunity to wish you all a Merry Christmas and a Happy and safe New Year.

FUHRMANN NZ MARKET REPORT

Summary

Market slightly easier.

Comment

Both centres selling today with the North Island offering 5,200 bales and the South Island offering 7,900 bales.  The selection consisted of  40% good/average colour fleece, 25% crossbred good colour second shear, bulk 75mm, 16% associated oddments, 15% lambs and 4% miscellaneous types.

Subdued competition from China and the Indian Sub Continent.  Support from Australasian carpet mills.

Fleece Wools

Crossbred fleece all descriptions buyers favour.

Second Shears

Crossbred shears good style firm.

Poorer style buyers favour.

Oddments

Crossbred oddments all descriptions fully firm.

Lambs

First lambs buyers favour.

Passings

15% Passed In.

Next Auction

North Island only offering 9,000 bales 7 January 2021.

Merry Christmas and Happy New Year.

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

A little under 45,000 bales were offered to the trade in the final sale for 2020. This is about 9% less than what was rostered. We appreciate the transparent approach of the Australian industry in providing such information but this ‘over estimation’ could well have created unnecessary concern leading into the large sale. We urge all brokers to take care when providing their pre-sale figures. The information is made public and, when incorrect, it can place unnecessary pressure in a fragile market. Only 36,000 of these bales were eventually sold. The market was cheaper across the board in local currency terms but with the Australian dollar strengthening to 0.755 against the USD, the market was only down about 2% over the sale in US terms. It was well worth noting that prices were improving across the whole range of types towards the close of sale to finish on an upward trend. Like last week, the better fine fleece and all fine carding types were most keenly sought after in limited supply.

AWEX Eastern Indicator compared with 11/12/2020

Eastern Indicator

Close: 1157

Change in % -3.42%

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

Authentico Index Values

15 Micron

Close: 2837

Change in %:  +0.42

16 Micron

Close: 2298

Change in %: -2.59

17 Micron

Close: 2015

Change in %: -2.37

18 Micron

Close: 1725

Change in %: -3.47

19 Micron

Close: 1520

Change in %: -3.73

Authentico Indicator

Close: 2017

Change in %: -2.42

Forecast

We’d like to wish everyone a very Merry Christmas and a safe, healthy and happy New Year. We very much look forward to improving global circumstances in 2021. Sales will resume the week of 11th January.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 25                     10674                       9419                 11.8%

South                     M 25                     24132                      19650               18.6%

West                       F 25                      10029                       7540                24.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                     no sale

South                     no sale

West                       no sale

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally between 5-30 cents cheaper, skirtings 10-15 cents cheaper and open tops 20 cents cheaper.

FLEECE

19.5u and finer better spec fleece were in strong demand today and were firm to slightly dearer. Some 18.5u and finer lots were 20 cents dearer compared to yesterday. However, higher cvh wools were neglected and 20 cents cheaper. 20.0u and broader microns fell around 30 cents today.

There was a relatively high passed-in rate for fleece of 41.8%.

SKIRTINGS

Skirtings finished the day around 15 cents cheaper.

OPEN TOP

17.5u and finer open tops were firm to slightly dearer, while 18.5u and broader were 20-30 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market rallies to finish on a strong tone after a cautious start.

COMMENT

Buyer activity increased as the sale progressed. Fine wool was of particular interest.

FLEECE

17.5 micron and finer fully firm.

18.5/21.5 micron closed around 1% easier but were improving.

SKIRTINGS

16.5 micron 1% dearer

17.5 / 18.5 closed at similar levels to yesterday.

OPEN TOP

17.5 micron and finer firm

18.5 / 20.5  micron 1% easier

 

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 40-50 cents cheaper, skirtings 50 cents cheaper and open tops 30 cents cheaper.

FLEECE

The fleece market opened 30 cents cheaper today and continued to drift through the sale to close around 50 cents cheaper. Low cvh fleece was less affected and finished around 30 cents cheaper.

The passed-in rate for fleece was 24.1%.

SKIRTINGS

Skirtings finished the day around 50 cents cheaper.

OPEN TOP

Open tops were 30-40 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market easier

COMMENT

A large offering and stronger AUD against the USD.

FLEECE

Few best fine wool types were well maintained.

Better specification, including NM, 16.5 / 19.0 micron 1% easier

Average to inferior specification 16.5 / 19.0 micron 2% easier

All 19.5 / 21.5 micron 2% easier

SKIRTINGS

17.5 micron and finer up to 1% easier but remain well supported

18.5 / 19.5 micron 2% easier

OPEN TOP

17.5 micron and finer firm

18.5 / 20.5  micron 2% easier

 

FUHRMANN NZ MARKET REPORT

Summary

Market firms.

Comment

North Island only offering 5,400 bales made up of 40% good/average colour fleece, 40% crossbred good colour second shear, bulk 75mm, 12% associated oddments and 8% miscellaneous types.

Good competition from China and the Indian Sub Continent.  Well supported by Australasian carpet mills.

Fleece Wools

Crossbred fleece all descriptions tending buyers favour.

Second Shears

Crossbred shears fully firm.

Oddments

Crossbred oddments all descriptions fully firm.

Passings

12% Passed In.

Next Auction

South Island offering 8,000 bales and North Island offering 5,000 bales, 17 December 2020.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

All types and descriptions rallied this week despite nearly 42,000 bales rostered for sale. As with recent weeks, the eventual offering was less than anticipated. The final volume actually offered was 8% lower and another 5% was passed in below grower expectations despite the positive market. While buyers were actively seeking the better performing types, the shorter knitting types were also keenly supported. Even the crossbred types were dearer after having been generally neglected in recent weeks. According to AWEX reports, M$51.1 worth of wool was sold to the trade over the two sale days.

AWEX Eastern Indicator compared with 04/12/2020

Eastern Indicator

Close: 1198

Change in % +4.72%

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

Authentico Index Values

15 Micron

Close: 2825

Change in %:  +5.69

16 Micron

Close: 2359

Change in %: +3.78

17 Micron

Close: 2064

Change in %: +4.19

18 Micron

Close: 1787

Change in %: +4.50

19 Micron

Close: 1579

Change in %: +3.54

Authentico Indicator

Close: 2067

Change in %: +4.29

Forecast

There is just the one sale remaining before the three-week Christmas recess. Current quantities are listed as around 49,000 bales for the week. This kind of ‘surprise’ increase could well cause some reaction from the trade but we hope and expect only minor movements into the final sale of 2020. Everyone will be hoping for a relatively positive finish. Eventually less wool will be offered and growers have the right to pass their wool in, as they’ve done this year, and this will limit the volume available for sale. There is a shortage of cardings and knitting types and this could flow on to the better combing types. The extra volume next week is likely to be more associated with crossbred fleece and crossbred lamb wool plus some drought affected bales that have been waiting for a better market. Superfine merino and quality fine merino are still in short supply and this is unlikely to change next week despite the quantity.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 24                     9256                        8918                  3.7%

South                     M 24                    21029                      19851                 5.6%

West                       F 24                      7551                         7178                  4.9%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 25                        T / W                       10848

South                      M 25                       T / W                       27961

West                        F 25                        T / W                       10317

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 15-20 cents dearer, skirtings 30-40 cents dearer and open tops 30-50 cents dearer.

FLEECE

The fleece market opened up to 30 cents dearer today, but as the sale progressed prices eased back slightly to close 10-15 cents dearer. Again better spec wools with low cvh were in demand and the most affected.

The passed-in rate for fleece was 0.2%.

SKIRTINGS

Skirtings were generally 30-40 cents dearer.

OPEN TOP

Open tops were 30-50 cents dearer.