FREMANTLE MARKET REPORT

COMMENT

Fleece firm to slightly cheaper, and skirtings 10c dearer, and open tops 25c dearer.

FLEECES

The fleece market opened 10 cents dearer today with the fine end most affected. As the sale progressed 19.5u-20.5u drifted 10 cents cheaper, while the finer end closed around 20 cents dearer.

The passed-in rate for fleece was 9.8%.

SKIRTINGS

Skirtings finished the day around 10 cents dearer.

OPEN TOP

Open tops were 25 cents dearer today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Strong market.

COMMENT

Most descriptions continue dearer. Short and tender fleece types and skirtings in keen demand.

FLEECE

18.5 micron and finer 1% dearer with tender and prem shorn types most affected

19.0 / 21.5 micron fully firm

SKIRTINGS

All good light-fault descriptions 1.5 % dearer

OPEN TOP

1 to 2% dearer

NEW ZEALAND MARKET REPORT

Summary

Market subdued.

Comment

North Island only offering 9,500 bales.  The selection consisted of 30% crossbred fleece, average style 3/5″, 4/6″,  30% lambs mainly good to average style, 25% early shorn/second shear bulk average style and 15% oddments average/inferior style.  More subdued bidding with poorer styles discounted.  Europe & Sub-Continent main with support from Australasian mills & China.

Fleece

Average style fleece buyers favour.

Second Shears

Early shorn and second shears 4% cheaper.

Lambs

In a mixed selection up to 4% cheaper.

Oddments

All descriptions buyers favour.

Passings

7% Passed In.

Next Auction

South Island offering 7,500 bales and North Island offering 8,500 bales on 15th April.

FREMANTLE MARKET REPORT

COMMENT

Fleece firm to slightly cheaper, and skirtings 20-30c dearer, and open tops unchanged.

FLEECES

The fleece market opened 10 cents dearer today with strong demand for best spec wools. As the sale progressed 19.5u and broader began to ease and finished 10 cents cheaper. Finer microns remained 10 cents dearer.

The passed-in rate for fleece was 19.8%.

SKIRTINGS

Skirtings finished the day around 20-30 cents dearer.

OPEN TOP

Open tops were generally unchanged today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market trending a little dearer. RWS keenly sought throughout the selection.

COMMENT

AUD stronger against the USD. Best style keenly sought.

FLEECE

Best style/strength all descriptions par to 1% dearer

Good/Ave style fully firm.

SKIRTINGS

Better types very firm.

OPEN TOP

1% dearer

NEW ZEALAND MARKET REPORT

Summary

Market mixed.

Comment

South Island only offering 9,200 bales.  The selection consisted of 60% crossbred fleece, good/average style 3/5″, 4/6″,  20% lambs mainly good style, 15% oddments all descriptions and 5% miscellaneous types.  Still very keen widespread competition across most sectors with buyers.  The main competition was China & Europe with good support from the Sub-Continent, local and Australasian mills.

Fleece

All styles firm to sellers favour.

Crossbred hoggets firm to buyers favour.

Lambs

Up to 5% cheaper.

Oddments

All descriptions up to 3% dearer.

Passings

22% Passed In.

Next Auction

North Island only offering 9,700 bales on 31st March.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market was expected to continue to ease but the weaker Australian Dollar against the USD helped to stabilise the market. Prices were generally firm on Tuesday but improved on Wednesday, no doubt assisted by the more favorable currency exchange rate. The interest on Wednesday was more focused on fine and few superfine merino types and the shorter knitting types consisting of tender fleece and prems.

AWEX Eastern Indicator compared with 19/03/2021

Eastern Indicator

Close: 1285

Change in % +0.63

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

Authentico Index Values

15 Micron

Close: 3020

Change in %:  -0.17

16 Micron

Close: 2495

Change in %: +0.08

17 Micron

Close: 2232

Change in %: +0.63

18 Micron

Close: 1925

Change in %: -0.16

19 Micron

Close: 1696

Change in %: +0.41

Authentico Indicator

Close: 2218

Change in %: +0.18

Forecast

Next week’s sale precedes the one-week Easter recess. The result this week will no doubt add some more confidence into an already very sound and resilient wool market. Any further movements on the currency markets will be closely watched between now and Tuesday with the Australian dollar currently in a weakening trend against the USD.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 39                     9511                          8986                5.5%

South                     M 39                    19810                       17732               10.5%

West                       F 39                      9243                         8238               10.9%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 40                     T – W                          13202

South                     M 40                     T – W                          25945

West                       F 40                      T – W                          9682

 

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

New Junior Trader joins The Schneider Group’s Commercial Team

A Woolly Welcome to Paolo Foglia Taverna

On 15 March 2021, Paolo Foglia Taverna joined the Schneider Group team as Junior Trader. He will support the Administration and Commercial teams out of the Biella office. 

Paolo is 19 years old and originally from Biella. He has recently graduated from the high school Liceo G. & Q. Sella, in Biella, specialising in English, Spanish and German. Paolo has already been introduced to the world of wool as a child through his grandfather who worked in the textile industry his whole life. Paolo’s personal interests outside of work are health and fitness. He also enjoys discovering new cultures and habits, mainly from watching and reading. He says about himself that he is always curious and always willing to try and experience new things. 

Paolo was interested in joining the Schneider Group team as a Junior Trader because of the opportunity of working and travelling at the same time (in non-pandemic times) while also getting to know new people. So far, Paolo has been learning how wool is processed from the farm to the final product, from the beginning to the end. Thanks to his colleagues, he feels he is learning new things about wool every day, and he feels very lucky to be working with colleagues who are so experienced in wool production and sales. 

FREMANTLE MARKET REPORT

COMMENT

Fleece 5 cents dearer, and skirtings 10-20c dearer, and open tops 10 cents dearer.

FLEECES

Fleece prices were generally firm to 5 cents dearer today. There was good demand from all exporters, and combined with a large number of withdrawns prior to sale, helped prices remain firm through to the end of the day.

The passed-in rate for fleece was 8.2%.

SKIRTINGS

Skirtings finished the day around 10-20 cents dearer with finer microns the most affected.

OPEN TOP

Open tops were generally 10 cents dearer today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market trending a little dearer.

COMMENT

AUD weaker against the USD. Fine micron and inferior types more keenly sought after.

FLEECE

Tender fleece and short prems in keen demand

18.0 micron and finer 1% dearer

18.5 / 19.5 micron 0.5% dearer

20.5 / 21.5 micron very firm

SKIRTINGS

Better types very firm. Inferior and burry types a little dearer.

OPEN TOP

1% dearer