FREMANTLE MARKET REPORT

COMMENT

Fleece 5-10 cents dearer, skirtings 10 cents dearer, open tops 10-15 cents cheaper.

FLEECES.

There was little change in fleece prices today with the market generally 5-10 cents dearer. There was good demand for a very stylish selection today with some very good spec lots selling 20 cents dearer towards the close.

The passed-in rate for fleece was at 6.1%.

SKIRTINGS

Skirtings were 10 cents dearer.

OPEN TOPS

A bigger selection of open tops today saw prices ease around 10-15 cents.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Market a little dearer, driven by prompt demand for greasy wool from the Chinese market.

FLEECE

All generally 0.5/1.0% dearer, lower quality most affected.

SKIRTINGS

18.5 micron and finer a little dearer, others unchanged

OPEN TOP

Unchanged.

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market tone this week was positive with all micron categories finishing in positive territory at the close of sales this week. It seems that the realization of the shipping squeeze prior to the xmas recess had exporters in a positive frame of mind to have some continuous supply of wool on the water prior to the long break. Add to this the attractive A$ making currency conversion still very tradable in US$ terms. Finer microns bounced back this week which is encouraging for superfine wool growers, whilst mid to medium micron growers continue to have some stability through this range. RWS, NM & CM all continue to attract keen competition when available.

AWEX Eastern Indicator compared with 19/11/2021

Eastern Indicator

Close: 1341

Change in % +1.30

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

Authentico Index Values

15 Micron

Close: 3808

Change in %:  +3.30

16 Micron

Close: 3050

Change in %: +5.0

17 Micron

Close: 2594

Change in %: +0.50

18 Micron

Close: 2183

Change in %: +0.50

19 Micron

Close: 1835

Change in %: -1.0

Authentico Indicator

Close: 2607

Change in %: +1.80

Forecast

We stand by our assessment of the trigger points with an EMI @ 1341 and the US price below 970 that the market will continue to trade in a positive manner. Business has been spasmodic since the close of sales, however there is a very solid base in the market and exporters are prepared to hold firm and encourage buyers and processors to meet the market in what will be an exciting finish to another difficult year overshadowed by COVID-19.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 21                     9507                  8943                 5.9%

South                     M 21                    20478                18859                7.9%

West                       F 21                     6829                   6401                6.3%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 22                      T / W                     9685

South                      M 22                     T / W                    23899

West                        F 22                      T / W                      7915

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

NEW ZEALAND MARKET REPORT

Summary

Market dearer.

Comment

North Island only offering 6,200 bales.  The selection consisted of 20% crossbred ewe fleece, 34-38 micron mainly good colour 100/150mm, 55% crossbred second shear, 32-38 micron good colour 75mm plus, 5% crossbred lambs, bulk average colour 30-32 micron, 15% associated oddments and 5% miscellaneous types.  Good buyer sentiment on the better style/colour wools with very strong competition coming on average colour lines.  Europe and Indian sub continent main competition supported by local carpet mills, United Kingdom and China.

Fleece

Good colour hogget and ewe fleece sellers favour.

Poorer style fleece 9% dearer.

Second Shears

Good colour crossbred second shear generally 4% dearer.

Poorer style second shear 9% dearer.

Oddments

Crossbred oddments all descriptions 3% dearer.

Passings

3.5% passed in.

Next Auction

South Island only offering 5,600 bales Thursday 1st December.

FREMANTLE MARKET REPORT

COMMENT

Fleece 15-50 cents dearer, skirtings 30 cents dearer, open tops 25-40 cents dearer.

FLEECES.

The fleece market opened around 20 cents dearer today, with 18.0u and finer the most affected and rising as much as 50 cents. Towards the end of the sale prices eased back slightly to finish around 10-15 cents dearer.  

The passed-in rate for fleece was at 4.4%

SKIRTINGS

Skirtings were generally 30 cents dearer.

OPEN TOPS

Open tops were around 25-40 cents dearer.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Fleece market dearer. Driven by competition from Chinese interests. Finer types most affected.

FLEECE

16.5 / 19.5 micron 2% dearer

20.0 / 20.5 micron fully firm

21.0 / 21.5 micron 0.5% dearer

SKIRTINGS

Generally unchanged

OPEN TOP

Tending 1% dearer for best length lots.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Market generally firm over all. Fine wool rallied towards the close of sale.

FLEECE

16.5 / 17.5 micron up to 1% dearer

18.5 / 19.5 micron fully firm

20.0 / 20.5 micron 0.5% easier

21.0 / 21.5 micron fully firm

SKIRTINGS

Better skirtings firm unchanged

OPEN TOP

Generally firm

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market tone this week was positive with all micron categories finishing in positive territory at the close of sales this week. It seems that the realization of the shipping squeeze prior to the xmas recess had exporters in a positive frame of mind to have some continuous supply of wool on the water prior to the long break. Add to this the attractive A$ making currency conversion still very tradable in US$ terms. Finer microns bounced back this week which is encouraging for superfine wool growers, whilst mid to medium micron growers continue to have some stability through this range. RWS, NM & CM all continue to attract keen competition when available.

AWEX Eastern Indicator compared with 19/11/2021

Eastern Indicator

Close: 1341

Change in % +1.30

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

Authentico Index Values

15 Micron

Close: 3808

Change in %:  +3.30

16 Micron

Close: 3050

Change in %: +5.0

17 Micron

Close: 2594

Change in %: +0.50

18 Micron

Close: 2183

Change in %: +0.50

19 Micron

Close: 1835

Change in %: -1.0

Authentico Indicator

Close: 2607

Change in %: +1.80

Forecast

We stand by our assessment of the trigger points with an EMI @ 1341 and the US price below 970 that the market will continue to trade in a positive manner. Business has been spasmodic since the close of sales, however there is a very solid base in the market and exporters are prepared to hold firm and encourage buyers and processors to meet the market in what will be an exciting finish to another difficult year overshadowed by COVID-19.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 21                     9507                  8943                 5.9%

South                     M 21                    20478                18859                7.9%

West                       F 21                     6829                   6401                6.3%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 22                      T / W                     9685

South                      M 22                     T / W                    23899

West                        F 22                      T / W                      7915

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

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

RWS attracted healthy incentives today. Chinese style fading a little toward the close.

FLEECE

Best style/strength 21.5 finer firm tending slightly dearer at the close.

China style 21.5 finer 1% easier at the close.

SKIRTINGS

Best style FNF firm in limited selection.

B/C fault remain irregular.

OPEN TOP

Generally par to 1% dearer in good competition.

 

NEW ZEALAND MARKET REPORT

Summary

Market generally firm.

Comment

South Island only offering 6,700 bales.  The selection consisted of 25% crossbred ewe fleece 34.0-38.0 micron mainly better colour, 100/150mm, 15% crossbred hogget fleece 31.0-34.0 micron good colour 75/125mm, 6% crossbred second shear good colour 75mm plus, 8% crossbred lambs bulk average colour 30.0-32.0 micron 75mm, 17% halfbred fleece wool 23.0-30.0 micron super style, 12% merino fleece and oddments mainly super style, 15% associated oddments and 2% miscellaneous types.  Widespread competition with most sectors operating.  Europe and Indian sub continent main with support from the United Kingdom, local carpet mills and China.

Fleece

Good colour hogget and ewe fleece sellers favour.

Poorer style fleece firm.

Halfbred fleece unchanged.

Merino fleece generally 5% cheaper.

Second Shears

Good colour crossbred second shear sellers favour.

Poorer style second shear firm.

Oddments

Crossbred oddments all descriptions firm.

Passings

14% passed in.

Next Auction

North Island only offering 5,500 bales Thursday 25th November.