AUSTRALIAN WEEKLY MARKET REPORT

Comment

Fine wool types were back in favour this week. All descriptions 18.5 micron and finer were the focus. Low vegetable matter is still key to the strongest competition as buyers continue to focus on both the very best lots and also the shorter, tender types for knitting. The skirting market followed suit with the keenest demand on the better skirtings 18.5 micron and finer. Crossbred wools are at a low point, and as such didn’t move much this week as they have little room on the low side and growers are often choosing not to sell.

AWEX Eastern Indicator compared with 21/05/2021

Eastern Indicator

Close: 1320

Change in % +0.38

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

Authentico Index Values

15 Micron

Close: 3292

Change in %:  -4.52

16 Micron

Close: 2835

Change in %: +2.83

17 Micron

Close: 2472

Change in %: +3.73

18 Micron

Close: 2083

Change in %: +1.02

19 Micron

Close: 1752

Change in %: +0.63

Authentico Indicator

Close: 2438

Change in %: +1.41

Forecast

General optimism appears to be improving but not always on the same type range. Fine wool is going from strength to strength while the 21.0 range is not so favoured. Shorter knitting types including skirtings are still keenly sought. Cardings are moving daily but still selling very well while crossbreds are not in such good demand while supply remains greater than what is required. The dominance of the Chinese sector has carried the wool market through this difficult period and as other markets start to improve facing lower than normal stock levels, we hope that this more diverse range of competition will aid the market in the medium to longer term. There is no doubt that customer focus is moving towards traceable products and we’re very pleased with the growing reputation and the resulting interest in our Authentico certified products in the market place.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 48                  11602                   10146              12.5%

South                     M 48                 25562                  22655              11.4%

West                       F 48                   6776                    6007                11.3%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 49                     T-W                             11400

South                     M 49                     T-W                            22972

West                       F 49                      T-W                             7069

 

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

EASTERN AUSTRALIAN MARKET REPORT

Good market tone, especially light fault types and with a focus on 17.5 micron and finer.

COMMENT

Melbourne only market selling today, finishing the week generally unchanged except for best style fine wool with light fault still in keen demand.

FLEECE

Best style/strength 17.5 micron and finer 1-2% dearer.

18.0/19.5 micron generally unchanged.

20.0/21.5 micron 1% easier.

SKIRTINGS

Best light fault types tending 1-2% dearer, others fully firm

OPEN TOP

All descriptions firm

SCHNEIDER NZ MARKET REPORT

Summary

Market continues to move upwards.

Comment

North Island only selling today with 7,250 bales on offer.  The selection consisted of 50% crossbred shears mainly good colour up to 3″, 15% crossbred fleece mostly average colour, 15% good style lambs fleece, 15% oddments all descriptions and 5% miscellaneous types.

The auction maintained its upward momentum continuing on from last weeks positive sentiment.  United Kingdom, China and Indian Sub Continent main, with support from Australasian carpet mills and Europe.

Fleece Wools

All styles 5% dearer.

Second Shears

All descriptions 5% dearer.

Lambs

Lambs 3% dearer.

Oddments

Crossbred oddments all descriptions up 8%.

Passings

3% Passed In.

Next Auction

South Island only offering 5,500 bales 3 June 2021.

FREMANTLE MARKET REPORT

COMMENT

Fine fleece 10-15 cents dearer, broader fleece 5-10 cents cheaper, skirtings 20 cents dearer, and open tops 10-15 cents dearer.

FLEECES.

The fleece market was generally firm to 5 cents dearer today. The exception being some 20.5 micron and broader fleece which eased back 10 cents during the day. Again best style, low vm lots were highly sought after and attracting bigger premiums.

The passed-in rate for fleece was 14.1%.

SKIRTINGS

Skirtings finished the day 20 cents dearer.

OPEN TOP

18.5u and finer open tops were 10-15 cents dearer while broader microns were unchanged.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Good market tone, especially light fault types and with a focus on 18.5 micron and finer.

COMMENT

Light fault and better types are still keenly sought after.

FLEECE

Best style/strength 18.5 micron and finer 1% dearer.

19.0/19.5 micron generally sellers favour with keenest interest on light fault. Those with VM >1.5 are irregular and easier.

20.0/21.5 micron par to 1% easier.

SKIRTINGS

Best light fault types tending 1% dearer, others fully firm

OPEN TOP

All descriptions firm

FREMANTLE MARKET REPORT

COMMENT

Fleece firm to 10 cents dearer, skirtings unchanged, and open tops 20-50 cents dearer.

FLEECES.

The fleece market was generally firm to 5 cents dearer across all microns today. Again best style, low vm lots were highly sought after and attracting large premiums.

The passed-in rate for fleece was 11.5%.

SKIRTINGS

Skirtings finished the day unchanged.

OPEN TOP

Open tops were generally 20-30 cents dearer, with limited supply of 18.5u 50-75 cents dearer.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Good market tone, especially light fault types and with a focus on 18.5 micron and finer.

COMMENT

Light fault and better types are still keenly sought after.

FLEECE

16.0/ 16.5 micron a full 1% dearer

17.0 / 18.5 micron best 1% dearer, others fully firm

19.0/21.5 micron generally sellers favour with keenest interest on light fault. Those with VM >1.5 are irregular and easier.

SKIRTINGS

Best light fault types tending 1% dearer, others fully firm

OPEN TOP

All descriptions firm

SCHNEIDER NZ MARKET REPORT

Summary

Market more positive.

Comment

South Island only selling today with 9,000 bales on offer.  The selection consisted of 45% crossbred fleece mainly average style, 3/5″ to 4/6″, 20% good style lambs fleece, 10% early shorn/second shear, bulk 3″ good style, 17% associated oddments 3% merino types and 5% miscellaneous types.

A more positive sentiment today.  China and Indian Sub Continent main, with support from Australasian carpet mills, Europe and the United Kingdom.

Fleece Wools

All styles 3% dearer.

Second Shears

All descriptions firm.

Lambs

Lambs generally 3% dearer.

Oddments

Crossbred oddments all descriptions firm.

Passings

13% Passed In.

Next Auction

North Island only offering 7,000 bales 27 May 2021.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The trade focus is now on vegetable matter with the better specification fleece tested with less than 1.5% VM attracting the most competition. The market remains extremely resilient at this level with some variability based only on quality. Fine wool prices are traditionally more volatile at this time of the year which is in line with the variable supply of fine types. The market movement will very much depend on the wool available on the day. It’s been a very encouraging period for the wool market and this is helping to create a greater level of confidence.

AWEX Eastern Indicator compared with 14/05/2021

Eastern Indicator

Close: 1315

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: 3448

Change in %:  +2.62

16 Micron

Close: 2757

Change in %: -5.42

17 Micron

Close: 2383

Change in %: +0.55

18 Micron

Close: 2062

Change in %: +1.58

19 Micron

Close: 1741

Change in %: +2.11

Authentico Indicator

Close: 2404

Change in %: -0.21

Forecast

The national offering is expected to tail off a little within a few weeks. Growers have shown that they are prepared to wait if their wool doesn’t meet the general market level. This trend has been a noticeable shift in the grower’s risk management. With wool income now matched to the income from the sheep and meat for many wool producers, growers are prepared and able to wait for more stable market conditions and this is certainly helping the market during this period.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 47                  12391                   11116                10.3%

South                     M 47                 22674                  20156               11.1%

West                       F 47                   6792                    6028                11.2%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 48                     T-W                         12732

South                     M 48                   T-W-T                       27698

West                       F 48                      T-W                          6598

 

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

FREMANTLE MARKET REPORT

COMMENT

Fine fleece firm to 5 cents dearer, broader fleece 10-20 cents cheaper, skirtings 10-20 cents dearer, and fine open tops 10-15 cents cheaper.

FLEECES.

The fleece market opened strongly with prices generally firm to 5 cents dearer. As the sale progressed 19.5u and broader wools began to ease 10-20 cents cheaper. Across all microns low vm and high yielding wools remained very strong and continued to attract large premiums.

The passed-in rate for fleece was 17.2%.

SKIRTINGS

Skirtings finished the day 10-20 cents dearer.

OPEN TOP

18.5u and finer open tops were 15-20 cents cheaper while broader microns were unchanged.