EASTERN AUSTRALIAN MARKET REPORT

Market dearer.

COMMENT

All descriptions again dearer with widespread buyer competition.

FLEECE

Few 15.0 micron and finer 3% dearer

15.5 / 19.5 micron 2% dearer

20.0 / 21.5 micron 1 to 2% dearer

SKIRTINGS

17.5 micron and finer 1% dearer

18.5 / 19.5 micron 2 to 3% dearer

OPEN TOP

2 to 3% dearer.

 

EASTERN AUSTRALIAN MARKET REPORT

Market dearer. Keen interest in all types and descriptions.

COMMENT

Only 5 to 6% passed in rate in a large offering. A significant change when compared to the last 6 months.

FLEECE

Best fine fleece 2.5% dearer

All other better specification types 2% dearer

All average specification a full 1% dearer.

SKIRTINGS

Best fine skirtings up to 3% dearer and keenly sought after.

Others 2% dearer

OPEN TOP

Nominally 2% dearer.

 

NEW ZEALAND MARKET REPORT

Summary

Limited selection.

Comment

There was a small limited selection of fine wool on offer today in Christchurch.  Fine wools were generally firm tending buyers favour when compared to the last Christchurch sale.  Halfbreds were also firm tending buyers favour again in a small selection.

FUHRMANN NZ MARKET REPORT

Summary

Market easier again.

Comment

North Island offering 4,800 bales made up of 40% good colour fleece, 35% crossbred second shear, bulk 75mm, 15% associated oddments, 5% lambs and 5% miscellaneous types.

South Island offering 6,300 bales made up of 55% crossbred fleece good/average colour, 15% crossbred second shear bulk 75/100mm, 10% crossbred lambs, 15% associated oddments and 10% miscellaneous types.

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

Fleece Wools

Crossbred fleece all types fully buyers favour.

Second Shears

Crossbred shears all types fully buyers favour.

Oddments

Crossbred oddments all descriptions 3% cheaper

Lambs

All types buyers favour.

Passings

16% Passed In.

Next Auction

North Island only, offering 5,200 bales, 10 December 2020.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

It was another positive week for the wool market. There appears to be more sectors active at the moment. There remains keener interest in the better lots and while difficult to measure in premiums, we continue to see more demand at auction for NM lots with certain good specifications. While prices settled a little on Tuesday, the relatively small movement, on recent standards, did lead to more confidence leading into Wednesday’s sale. No doubt some timing advantage with any requirement for pre-New Year shipment required to be bought now did help the market.

AWEX Eastern Indicator compared with 27/11/2020

Eastern Indicator

Close: 1144

Change in % -0.52%

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

Authentico Index Values

15 Micron

Close: 2673

Change in %:  +1.71

16 Micron

Close: 2273

Change in %: +1.65

17 Micron

Close: 1981

Change in %: +1.64

18 Micron

Close: 1710

Change in %: -0.58

19 Micron

Close: 1525

Change in %: +1.33

Authentico Indicator

Close: 1982

Change in %: +1.54

Forecast

While 41,000 bales were initially rostered for sale this week, only 36,000 bales were eventually offered and another 10% passed in. This is helping to ensure some stability. Another 41,000 bales are rostered for sale next week with the potential for less being available come sale day. There is no sale in South Africa and the merinos from New Zealand are coming toward the end of the season. Crossbred types have fallen a little from favour but they too remained firm on Wednesday. The Australian dollar is continuing to strengthen against the USD and this will be closely monitored by traders leading into Tuesday’s sale.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 23                     8920                        8054                  9.7%

South                     M 23                    20379                      18256                10.4%

West                       F 23                      6687                         6013                 10.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 24                        T / W                       10301

South                      M 24                       T / W                       24408

West                        F 24                        T / W                        7118

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 20-30 cents dearer, skirtings 10-20 cents dearer and open tops unchanged.

FLEECE

The fleece market opened up to 30-40 cents dearer today, with low cvh wool again in strong demand. As the market progressed prices began to settle and finished the day around 15-20 cents dearer.

The passed-in rate for fleece was 13.7%.

SKIRTINGS

Skirtings were generally 10-20 cents dearer.

OPEN TOP

Open tops were unchanged.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market 1.5% dearer.

COMMENT

Market levels have returned to last week’s basis plus a little more. Strong market tone.

FLEECE

Generally 1.5% dearer

SKIRTINGS

1 to 1.5% dearer, finest most affected

OPEN TOP

Nominally 1% dearer.

 

FREMANTLE MARKET REPORT

COMMENT

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

FLEECE

The fleece market opened around 15-20 cents cheaper, with high cvh wools the most affected. It was noticeable as the sale progressed, 19.5u and finer all began to firm and were generally unchanged by the end of the sale. Again there was very strong demand for low cvh wools.

The passed-in rate for fleece was 7.7%.

SKIRTINGS

Skirtings were generally 20 cents cheaper.

OPEN TOP

Open tops were unchanged.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market generally 1% easier.

COMMENT

Some variability based on quality with better performing wools attracting better competition.

FLEECE

Generally 1% easier

SKIRTINGS

Par to 1% easier with 17.5 micron and finer keenly sought.

OPEN TOP

Nominally firm.