NEW ZEALAND MARKET REPORT

Summary

Market generally firm.

Comment

South Island only offering 5,600 bales.  The selection consisted of 25% crossbred ewe fleece, 34-38 bulk good/average colour, 25% crossbred hogget fleece, 30-33 micron, good colour, 75/100mm and longer, 10% crossbred second shear, 35-38 micron good colour bulk 75mm, 5% crossbred lambs, 30-31 mic average colour 75mm, 12% halfbred fleece 24.0-29.0 micron super colour, 7% merino fleece super style, 13% associated oddments and 3% miscellaneous types.  Keen widespread competition with most sectors operating.

Fleece

Good colour hogget and ewe fleece firm.

Poorer style fleece 2.5% cheaper.

Halfbred & Merino fleece generally 3.5% dearer.

Second Shears

Good colour crossbred second shear buyers favour.

Poorer style second shear 2.5% cheaper.

Oddments

Crossbred oddments all descriptions buyers favour.

Passings

8% passed in.

Next Auction

North Island only offering 8,300 bales Thursday 8th December.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The superfine wool market 15 to 18 micron traded in positive territory this week, with increases up to 3.5% above the previous week. 19 micron however went against the trend and lost 1% from the previous week. Clearly shows that exporters and processors are seeking quality wool particularly NM & CM status in a large selection of wool affected by very wet seasonal conditions. Most of the Chinese qualities attracted keen competition this week, also traded in positive territory with a lower A$ and the expectation of dumping and shipping delays over the xmas period.

AWEX Eastern Indicator compared with 26/11/2021

Eastern Indicator

Close: 1346

Change in % +0.50

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

Authentico Index Values

15 Micron

Close: 3826

Change in %:  +0.50

16 Micron

Close: 3110

Change in %: +2.0

17 Micron

Close: 2640

Change in %: +2.0

18 Micron

Close: 2262

Change in %: +3.5

19 Micron

Close: 1815

Change in %: -1.0

Authentico Indicator

Close: 2656

Change in %: +2.0

Forecast

Key indicators to look out for in the run up to the long break over xmas are that wool looks good value in USD terms with the indicator still sitting marginally below the 970 USC level and the EMI below 1350 should keep trades in the positive territory. Caution still remains with dumping and shipping delays as wool handlers wind down for the break generally closing from Christmas eve through to 10th January 2022. An over supply by brokers through this period could have a dampening affect on the market.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 22                     9451                  8806                 6.8%

South                     M 22                    22285                19462                12.7%

West                       F 22                     7841                   7348                  6.3%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 23                      T / W                     10778

South                      M 23                     T / W                    23271

West                        F 23                      T / W                      7313

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

FREMANTLE MARKET REPORT

COMMENT

Fine fleece 10 cents cheaper, broad fleece up to 10 cents dearer, skirtings 10 cents cheaper, open tops 10-15 cents cheaper.

FLEECES.

There was strong demand for 19.0u and broader fleece which pushed prices 5-10 cents higher. 18.5u and finer were around 10 cents cheaper. 

The passed-in rate for fleece was at 3.3%.

SKIRTINGS

Skirtings were 10 cents cheaper.

OPEN TOPS

Open tops were generally 10-15 cents cheaper.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

Market a little dearer, driven by prompt demand for greasy wool from the Chinese market and a slightly lower A$.

FLEECE

All descriptions generally par to 1.0% dearer across the board.

SKIRTINGS

All descriptions unchanged today.

OPEN TOP

Unchanged.

 

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.