EASTERN AUSTRALIAN MARKET REPORT

Market dearer with fine wool the most in demand.

COMMENT

All descriptions dearer.

FLEECE

18.5 micron and finer 3% dearer

19.0 / 21.0 micron 2% dearer

SKIRTINGS

17.5 micron and finer 3% dearer

18.5 / 19.5 micron 2% dearer

OPEN TOP

Followed the trend of the skirtings in small supply.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Sales have resumed after the Easter recess. The market remains keenest on the finer types and also the shorter knitting types and all cardings. The medium and broader fleece are deteriorating in terms of quality and dominate the offering in terms of volume. There is no doubt the inferior quality on offer is impacting on the market. Considering this, the market is still holding relatively well for these types. However, there is no doubt that the interest is keenest on 18.5 micron and finer. The better fleece types are in small supply and attracting solid support from the best weavers while the inferior types are more generally sought by a wide range of buyers with China dominating. This includes all fine micron tender fleece types. In the skirting and carding market, prices have remained very firm all week.

AWEX Eastern Indicator compared with 01/04/2021

Eastern Indicator

Close: 1291

Change in % -0.69

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

Authentico Index Values

15 Micron

Close: 2949

Change in %:  -1.7

16 Micron

Close: 2612

Change in %: +2.19

17 Micron

Close: 2309

Change in %: +1.67

18 Micron

Close: 2002

Change in %: +0.86

19 Micron

Close: 1710

Change in %: +0.53

Authentico Indicator

Close: 2282

Change in %: +1.06

Forecast

The recent rain along the eastern seaboard of Australia has slowed sheering for a few weeks but grower held stock continues to filter onto the market. As we head into the period where fresh supply will be limited, this grower held stock will be a useful resource.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 42                  11344                   9949                12.3%

South                     M 42                 25030                  21964              12.2%

West                       F 42                   9882                    7793                21.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 43                     T-W                             10,241

South                     M 43                     T-W                             24,238

West                       F 43                      T-W                             11,065

 

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

EASTERN AUSTRALIAN MARKET REPORT

Melbourne only market selling today closing dearer overall.

COMMENT

A fine wool rally saw the market finish the week in positive territory with broader microns unchanged.

FLEECE

Best style/strength 18.5 micron and finer 2% dearer in keen competition.

Good/Ave style also 1-2% dearer in keen demand from China.

SKIRTINGS

Best skirtings also dearer 1-2% with B/C Fault still struggling 1% easier.

OPEN TOP

All descriptions 1-2% dearer in good competition.

FREMANTLE MARKET REPORT

COMMENT

Fine fleece firm, broader fleece 5-10c cheaper, skirtings and open tops unchanged.

FLEECES.

There was very little change in fleece prices today, with 19.0u and finer unchanged and broader microns 5-10 cents cheaper. Demand for better spec wools remained strong all day and the market finished on a positive note.

The passed-in rate for fleece was 26.0%.

SKIRTINGS

Skirtings finished the day unchanged.

OPEN TOP

Open tops were generally unchanged today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Fine market firm, broader easier

COMMENT

In a generally poor and broader micron offering, the fine types remain keenly sought after.

FLEECE

19.0 micron and finer better lots very firm, inferior lots a little easier

19.5 / 21.5 micron 1% easier with 19.5 / 20.0 most affected.

SKIRTINGS

Better skirtings nominally firm

OPEN TOP

17.5 micron and finer 1% dearer, others firm.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market continues to trade within a healthy range 1280/1320 EMI which seems sustainable with current demand and currency levels. China has been a revelation during this period with local processing demand assisting despite congestion in the containerization and shipping space where significant delays are being experienced. NM has clearly become the base standard for many international markets with RWS now the new frontier in terms of significant price benefits for wool growers.

AWEX Eastern Indicator compared with 19/03/2021

Eastern Indicator

Close: 1300

Change in % +1.16

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

Authentico Index Values

15 Micron

Close: 3000

Change in %:  +0.66

16 Micron

Close: 2556

Change in %: +2.44

17 Micron

Close: 2271

Change in %: +1.74

18 Micron

Close: 1985

Change in %: +3.11

19 Micron

Close: 1701

Change in %: +0.29

Authentico Indicator

Close: 2258

Change in %: +1.80

Forecast

Next week we have a one week recess before wool sales resume week commencing Monday April 12th, 2021.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 40                13226                  12127                8.3%

South                     M 40                21595                  19704               8.8%

West                       F 40                  9399                    8204               12.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 41                     RECESS

South                     M 41                     RECESS

West                       F 41                      RECESS

 

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