AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market closed for the recess period on a very positive tone with all sectors active. Europe has had a better than expected last quarter which signals encouraging times ahead for 2022. China has supported the wool market throughout what has been a difficult year and looks forward to a more prosperous 2022. RWS, NM & CM certified wool continues to attract healthy incentives giving growers confidence that providing the market with a greater volume for our international brand partners will create strong competition.

AWEX Eastern Indicator compared with 10/12/2021

Eastern Indicator

Close: 1358

Change in % -0.01

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

Authentico Index Values

15 Micron

Close: 3797

Change in %:  -1.60

16 Micron

Close: 3050

Change in %: -3.0

17 Micron

Close: 2646

Change in %: +1.00

18 Micron

Close: 2227

Change in %: -1.00

19 Micron

Close: 1835

Change in %: -2.00

Authentico Indicator

Close: 2635

Change in %: -1.00

Forecast

The wool market is in RECESS now for 3 weeks for a well earned rest in what has been a tumultuous first half of the season. Better than expected seasonal conditions have caused unprecedented delays with shearing and transport of wool to the market. We can only hope that 2022 delivers more prosperous times for all sectors of the industry.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North              S 24           11361       10070         11.4%

South               M 24           22477        19402        13.7%

West                F 24            7024       5793         17.5%

Auction offering – next week

Market          Sale          Sale days     Volume

North               S 25           RECESS

South               M 25          RECESS

West                F 25           RECESS

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

NEW ZEALAND MARKET REPORT

Summary

Market eases.

Comment

North Island offering 4,800 bales and South Island offering 6,000 bales.  The selection consisted of 35% crossbred ewe and hogget second shear 32-38 micron good colour bulk 75mm, 40% crossbred ewe and hogget fleece, 34-38 micron good/average colour bulk 75/125mm and longer, 8% new season lambs, 15% associated oddments and 2% miscellaneous types.  Reasonable competition with most sectors operating.  South East Asia main with support from the United Kingdom, local carpet mills and Europe.

Fleece

Crossbreed ewe/hogget fleece firm.

Second Shears

Crossbred ewe/hogget second shear 2.5% cheaper.

Lambs

All descriptions 2% cheaper.

Oddments

Crossbred oddments all descriptions buyers favour.

Passings

13% passed in.

Next Auction

North Island offering 12,000 bales and South Island offering 7,500 bales Thursday 13th January.

FREMANTLE MARKET REPORT

COMMENT

Fleece firm to 10 cents dearer, skirtings 20 cents dearer, open tops unchanged to 20 cents dearer.

FLEECES.

The fleece market finished the year on a positive note with most microns around 10 cents dearer. The only exception was 19.5u-20.0u which were around 10 cents cheaper. 

The passed-in rate for fleece was at 16.7%.

SKIRTINGS

Skirtings were 20 cents dearer.

OPEN TOPS

18.5u and finer open tops were 20 cents dearer, while broader microns were generally unchanged.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

MERRY CHRISTMAS, The market finishes on a positive tone with all sectors active at the close of sales today.

FLEECE
Best style/strength 18.5 micron and finer fully firm
All other descriptions slightly easier, however firm at the close.

SKIRTINGS

Better skirtings generally firm, others up to 1% easier
OPEN TOP

All descriptions unchanged.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Market a little easier, best lots least affected.

FLEECE
Best 18.5 micron and finer fully firm
All other descriptions up to 1% easier.

SKIRTINGS

Better skirtings generally firm, others up to 1% easier
OPEN TOP

All descriptions 1% easier

 

NEW ZEALAND MARKET REPORT

Summary

Market eases.

Comment

North Island only offering 8,500 bales.  The selection consisted of 31% crossbred ewe and hogget fleece, 34-38 micron good/average colour 75/125mm and longer, 51% crossbred ewe and hogget second shear, 32-38 micron good colour bulk 75mm, 15% associated oddments and 3% miscellaneous types.  Reasonable competition with most sectors operating.  Slightly softer tone with most exporters having filled their requirements for 2021.

Fleece

Crossbreed ewe/hogget fleece 2.5% cheaper.

Second Shears

Crossbred ewe/hogget second shear buyers favour.

Oddments

Crossbred oddments all descriptions 3% cheaper.

Passings

7% passed in.

Next Auction

In the last sale for the year, South Island offering 6,400 bales and North Island offering 7,000 bales Thursday 16th December.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The auction has performed strongly in the penultimate sale for 2021. Under the circumstance of shipping deadlines for a pre-Christmas shipment having now passed and a strengthening Australian dollar, the market could have struggled to maintain this week. But, as has been the case for some time now, the market continued to sell in a very positive tone. All types and descriptions were a little dearer.

AWEX Eastern Indicator compared with 26/11/2021

Eastern Indicator

Close: 1360

Change in % +1.04

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

Authentico Index Values

15 Micron

Close: 3852

Change in %:  +0.68

16 Micron

Close: 3137

Change in %: +0.87

17 Micron

Close: 2625

Change in %: -0.57

18 Micron

Close: 2252

Change in %: -0.44

19 Micron

Close: 1867

Change in %: +2.87

Authentico Indicator

Close: 2662

Change in %: +0.23

Forecast

42,000 bales are now catalogued for sale next week and expectations are that the market will continue around similar levels through to the close. With the EMI close to the 970 USD level, we expect demand from China to remain relatively stable next week before the three-week Christmas recess. Demand from Europe has also been consistent in recent weeks.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North              S 23           10275        9666         5.9%

South               M 23           20937        19588        6.4%

West                F 23            4861       4395         9.6%

Auction offering – next week

Market          Sale          Sale days     Volume

North               S 24           T / W        10949

South               M 24           T / W        23798

West                F 24           T / W        7289

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

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Market finished in positive territory today with best style/strength European types the beneficiary. All Chinese FNF types were keenly sought despite an improved A$ against the USD$.

FLEECE

Best style 16.5/17.5 keenly sought up to 2% dearer.

Best 18/21 micron 1% dearer in keen competition.

All Chinese descriptions generally 1.0% dearer across the board.

SKIRTINGS

Best style FNF par to 1% dearer.

B/C fault remain irregular.

OPEN TOP

All descriptions par to 1% dearer.

 

FREMANTLE MARKET REPORT

COMMENT

Fine fleece 10-15 cents dearer, skirtings and open tops unchanged.

FLEECES.

Fleece prices were generally 10-15 cents dearer today on the back of a very good selection. 21.0u and broader were the only exception and eased by around 5 cents. 

The passed-in rate for fleece was at 9.2%.

SKIRTINGS

Skirtings were unchanged.

OPEN TOPS

Open tops were generally unchanged to 10 cents dearer.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Market a little dearer, currency adjusted. Good demand for European types increasing competition for China.

FLEECE

Best style/strength firm tending dearer.

All Chinese descriptions generally par to 1.0% dearer across the board.

SKIRTINGS

Best style FNF par to 1% dearer.

B/C fault remain irregular.

OPEN TOP

All descriptions par to 1% dearer.