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

FREMANTLE MARKET REPORT

COMMENT

Fleece 10-15 cents dearer, and skirtings 20 cents dearer, and open tops firm to 15 cents dearer.

FLEECES

There was good demand for all fleece types today with prices generally 5-15 cents dearer across the board. Prices maintained their levels through to the end of the sale.

The passed-in rate for fleece was 11.6%.

SKIRTINGS

Skirtings finished the day around 10-20 cents dearer.

OPEN TOP

Open tops were firm to 20 cents dearer today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market very firm, tending a little dearer.

COMMENT

All descriptions just a little harder to buy.

FLEECE

Generally 0.5% dearer across the board. Only limited supply of best fine wool available.

SKIRTINGS

Better lots 17.0 to 18.0 micron 1% dearer, others very firm.

OPEN TOP

17.5 / 19.5 micron 1% dearer

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market eased this week but considering the volume and generally inferior selection, the small daily movement must be considered a fairly good result. We continue to hear exporters are waiting for available vessels to finalise contracts and have available letters of credit opened. Global shipments are impacted by general congestion for all international freight. This is impacting on current cash flow and is not expected to be an ongoing issue. As a result, the market appears to be in a holding pattern for the moment.

AWEX Eastern Indicator compared with 12/03/2021

Eastern Indicator

Close: 1277

Change in % -2.44

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

Authentico Index Values

15 Micron

Close: 3025

Change in %:  -2.45

16 Micron

Close: 2493

Change in %: -2.84

17 Micron

Close: 2218

Change in %: -1.73

18 Micron

Close: 1928

Change in %: -1.53

19 Micron

Close: 1689

Change in %: -2.65

Authentico Indicator

Close: 2214

Change in %: -2.08

Forecast

The market was showing improved confidence in Melbourne on Thursday which is a positive sign that there is some good underlying demand for greasy wool. Best fine types were very firm while the broader merinos were a touch dearer on the last day of the sale.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 38                     12853                       10815               15.9%

South                     M 38                    27328                       23059               15.6%

West                       F 38                      8228                         6367                22.6%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 39                      T – W                         10995

South                     M 39                     T – W                          24861

West                       F 39                      T – W                          10722

 

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

EASTERN AUSTRALIAN MARKET REPORT

Melbourne only market selling today. Market held its ground finishing strongly from a subdued opening.

COMMENT

Better style and strength remain keenly sought in limited supply.

FLEECE

Best 18.5 and finer generally firm.

Best 19 and broader 1% dearer.

Good/Ave style 1% easier.

SKIRTINGS

Best FNF par to 1% easier

Good/Ave style 1% easier

B/C Fault 1-2% easier

OPEN TOP

1% easier in limited supply.

NEW ZEALAND MARKET REPORT

Summary

Market consolidates.

Comment

South Island offering 7,300 bales and North Island offering 11,200 bales.  The selection consisted of 35% crossbred fleece, mainly average style 3/5″, 4/6″, 18% crossbred second shears average/good style bulk 3″, 32% lambs mainly good style 2/3″, 10% associated oddments and 5% miscellaneous types.  Keen widespread competition across most sectors with buyers again competing strongly for the more favourable, better colour types.  With general gains over the past two weeks the sale consolidated today and finished strongly on a positive note.

Fleece

Good style very firm.

Average style tending buyers favour.

Shears

Good style very firm.

Average style tending buyers favour.

Lambs

Buyers favour.

Oddments

All descriptions up to 5% dearer.

Passings

3% Passed In.

Next Auction

South Island only offering 9,200 bales on 25th March.