AUSTRALIAN WEEKLY MARKET REPORT

Comment

The Australian wool market settled this week with best style/strength wool in keen demand, whilst lower style/strength was irregular. Fine wool is still a main focus from all sectors, particularly 16 micron and finer is where we see the most positive gains. Knitting types remain strong and well supported for first half 2021 delivery. Chinese indent buying remains strong, with interest coming from Europe and India is encouraging. The current A$ level seems to be a comfortable for trading at present as we hope for some stability in the coming weeks. Good offerings of fine wool to come in WK33 and WK34 which may showcase some of the best wool for the season.

AWEX Eastern Indicator compared with 29/01/2021

Eastern Indicator

Close: 1285

Change in % -0.46%

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

Authentico Index Values

15 Micron

Close: 3410

Change in %:  +0.65

16 Micron

Close: 2670

Change in %: +0.56

17 Micron

Close: 2255

Change in %: +0.00

18 Micron

Close: 1915

Change in %: -1.33

19 Micron

Close: 1650

Change in %: -2.19

Authentico Indicator

Close: 2291

Change in %: -0.26

Forecast

The negative impact from last week close in Fremantle was absorbed this week with good activity across all sectors of the market. The larger offerings seem to meet market demand with a passion for fine wool less than 16 micron and an oversold short wool market of scouring, carbonizing and knitting types. Wk33 & Wk34 see a continued offering of very stylish fine wool types which the market seems to have a genuine desire for. These weeks could provide the last opportunity for brand partners to satisfy any quantity of the highest quality the market has to offer.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 32                      12916                        11742              9.1%

South                     M 32                     22607                       20511              9.3%

West                       F 32                       9603                         8671               9.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 33                      T – W                          13557

South                     M 33                      T – W – T                    30595

West                       F 33                       T- W                            8730

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece 5-10 cents dearer, skirtings firm, and open tops 30-40 cents dearer.

FLEECE

The fleece market was generally firm to slightly dearer today. 18.5u and finer were the most affected finishing 10-15 cents dearer. 20.0u and broader struggled a little towards the end and finished slightly lower.

The passed-in rate for fleece was 3.7%.

SKIRTINGS

Skirtings finished the day generally unchanged.

OPEN TOP

There was strong demand for open tops with prices 30-40 cents higher.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market around about the same level.

COMMENT

There was more interest in the medium micron merinos with finer types fully firm.

FLEECE

17.5 micron and finer best lots 1% dearer, others fully firm.

18.5 / 20.5 micron par to 1% dearer

SKIRTINGS

Best lots generally unchanged, average lots 1% easier

OPEN TOP

Keenly sought – 1 to 2% dearer.

 

FREMANTLE MARKET REPORT

COMMENT

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

FLEECE

The fleece market was dearer today with 20.0u and broader the most affected rising by 40-50 cents. 19.5u and finer was around 10-20 cents dearer.

The passed-in rate for fleece was 7.3%.

SKIRTINGS

18.5u and finer skirtings finished the day unchanged, while 19.0u and broader were around 20 cents cheaper.

OPEN TOP

There was strong demand for open tops which saw prices rise around 30-40 cents.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market generally firm compared to Sydney and Melbourne

COMMENT

In a bit of an anomaly, the market has ignored the cheaper close in Fremantle last week to remain generally firm .

FLEECE

All generally firm. Better competition on the best specification lots.

SKIRTINGS

17.5 micron and finer tending a little dearer, 18.0 and broader a little cheaper.

OPEN TOP

Very firm.