FREMANTLE MARKET REPORT

COMMENT

Fleece 20-30 cents cheaper, skirtings 30-40 cents cheaper, open tops 30 cents cheaper.

FLEECES.

Fleece prices opened the sale around 20-30 cents cheaper. Some better spec 19.5u and broader regained some of the lost ground to finish only slightly cheaper than yesterday.

The passed-in rate for fleece was 36.0%.

SKIRTINGS

Skirtings finished the day 40 cents cheaper.

OPEN TOP

Open tops were 40 cents cheaper.

 

EASTERN AUSTRALIAN MARKET REPORT

Good fine wool keenly sought after.

COMMENT

The market finished a little better than expected with only small adjustment for 19.5 micron and finer. Light fault were most in demand.

FLEECE

Selected best fleece 17.5 micron and finer 1% dearer

Best 18.0 / 20.0 micron unchanged

All other descriptions 20.0 micron and finer 1% easier, 20.5 / 22.0 micron 1 to 2% easier.

SKIRTINGS

Good skirtings generally firm

OPEN TOP

Nominally up to 1% easier.

NEW ZEALAND MARKET REPORT

Summary

Market generally dearer with odd segments buyers favour.

Comment

South Island only offering 10,100 bales.  The selection consisted of 47% crossbred fleece good and average style, 10% crossbred second shear, mainly good colour average 75mm, 10% good style lambs 29-31 micron, 10% mid micron fleece 25-30 micron, 4% merino fleece, 16% associated oddments and 3% miscellaneous types.  Keen widespread competition with Indian Sub Continent main and support from the China, United Kingdom, Europe and Australasian carpet mills.

Fleece

Good style 7.5% dearer.

Average style fleece buyers favour.

Second Shears

Good style up to 4% dearer.

Lambs

All descriptions 2.5% dearer.

Oddments

All descriptions buyers favour.

Passings

7% Passed In.

Next Auction

North Island only offering 7,500 bales Thursday 8th July.

EASTERN AUSTRALIAN MARKET REPORT

Market cheaper.

COMMENT

All descriptions opened easier and were maintained to the close. Best fine wool least affected.

FLEECE

Few 15.5 micron keenly sought after and 1% dearer

16.5 micron 1% easier

17.5 / 18.5 micron 1 to 2% easier

19.0 / 21.5 micron 2 to 3% easier

SKIRTINGS

Best fine 1% easier, others 2% easier.

OPEN TOP

Nominally 1% easier.

NEW ZEALAND MARKET REPORT

Summary

Market continues to strengthen.

Comment

North Island only offering 9,800 bales.  The selection consisted of 60% crossbred early shorn/second shear, good colour bulk 3″, 11% crossbred fleece average style, 8% end of season lambs average style, 17% associated oddments and 4% miscellaneous types.  Keen widespread competition with Indian Sub Continent main and support from the United Kingdom, Europe and Australasian carpet mills.

Fleece

Good style 5% dearer.

Average style fleece 4% dearer.

Second Shears

Good style up to 10% dearer.

Lambs

All descriptions 5% dearer.

Oddments

All descriptions 15% dearer.

Passings

1% Passed In.

Next Auction

South Island only offering 10,500 bales Wednesday 30th June.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Apart from the superfine types, all wool categories still look reasonable value in comparison to where we were two or three years ago. While the fine wool is on the high side in comparison, it’s in this area that we’ve seen the most interest and the lowest supply. The superfine sector needs to maintain these levels to be viable in comparison.

Most descriptions were clearer dearer on Tuesday and did appear to be stabilising at the current basis, the market then opened a little cautiously on Wednesday before rallying late in the day.

AWEX Eastern Indicator compared with 18/06/2021

Eastern Indicator

Close: 1468

Change in % +1.38

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

Authentico Index Values

15 Micron

Close: 3545

Change in %:  -1.09

16 Micron

Close: 3166

Change in %: +1.77

17 Micron

Close: 2709

Change in %: +0.78

18 Micron

Close: 2279

Change in %: -1.98

19 Micron

Close: 1929

Change in %: unchanged

Authentico Indicator

Close: 2677

Change in %: unchanged

Forecast

We have just the three selling weeks remaining before the usual three-week recess. The volume for the week after next (sale one) will be closely monitored and currency movements will also play a more important role during this period. There is a little more uncertainty than what we’ve experienced in the last couple of months but we remain positive around this level.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 52                  13084                 12488               4.6%

South                     M 52                  20246                 19147                5.4%

West                       F 52                   no sale

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 53                     T-W                             11029

South                     M 53                     T-W                            21835

West                       F 53                      T-W                             11542

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

EASTERN AUSTRALIAN MARKET REPORT

The market opened opened cautiously, a little flat in the tone of bidding. However, the buyer interest certainly improved in the second half of the auction to remain well supported to the close.

COMMENT

The passed in rate was 3.6% and 7.4% in Sydney and Melbourne respectively.

FLEECE

16.5 micron and finer 1% dearer in a good quality selection. Italian interests.

17.5 / 20.5 micron 0.5% easier

21.0 / 22.0 micron unchanged

SKIRTINGS

Good skirtings unchanged

OPEN TOP

18.5 micron and finer unchanged

19.5 / 20.5 micron 1 to 2% easier

EASTERN AUSTRALIAN MARKET REPORT

Market showed steady improvement today assisted by a slightly weaker A$.

COMMENT

All descriptions dearer in keen competition, with Chinese interests leading the way.

FLEECE

Generally 1% dearer across a wide range of types.

SKIRTINGS

A full 1% dearer

OPEN TOP

1% dearer.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

All merino types and descriptions were in demand this week. Prior to the opening of the auction, prices were expected to be strong with exporters and traders hinting at healthy sales since the previous close. The market opened strongly and continued. The most inferior types were initially the most affected with volume and price the most important factors. On day two there were some signs that buyers were keener on the better specification, which were clearly better value. In monetary terms, the finer types continue to increase the most but there was a shift in focus this week towards the medium and broader merinos when considered as a percentage gain. Some were likely looking for better value in this range.

AWEX Eastern Indicator compared with 11/06/2021

Eastern Indicator

Close: 1448

Change in % +3.95

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

Authentico Index Values

15 Micron

Close: 3584

Change in %:  +5.04

16 Micron

Close: 3111

Change in %: +5.21

17 Micron

Close: 2688

Change in %: +4.31

18 Micron

Close: 2325

Change in %: +5.68

19 Micron

Close: 1929

Change in %: +5.87

Authentico Indicator

Close: 2677

Change in %: +5.06

Forecast

The most obvious signal from this week’s sale was how little focus there was on staple length or strength. Often, we talk about mid break being a key characteristic that determines demand. This was not an issue this week. All qualities within a particular point of micron, regardless of length, strength or mid break, were all costing the same. This is an indication of the market dominance of China but also the focus on knitting types rather than the weaving types which typically require better performing characteristics.

The Australian dollar has eased significantly against the USD overnight. This could have an interesting influence on the local market if maintained until Tuesday.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 51                  12554                 12062               3.9%

South                     M 51                  19564                18618                4.8%

West                       F 51                   10378                 9847                 5.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 52                     T-W                             12525

South                     M 52                     T-W                            22075

West                       F 52                      no sale

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

FREMANTLE MARKET REPORT

COMMENT

Fleece and skirtings 30 to 50 cents dearer, fine open tops 75 cents dearer, broader microns firm to 10-15 cents dearer.

FLEECES.

The fleece market was generally 30-50 cents dearer across all microns today. Again best style, low vm lots were highly sought after.

The passed-in rate for fleece was 1.5%.

SKIRTINGS

Skirtings finished the day 30-50 cents dearer with the finer end most affected.

OPEN TOP

18.5u and finer open tops were around 75 cents dearer while broader microns were firm to 15 cents dearer.