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.

FREMANTLE MARKET REPORT

COMMENT

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

FLEECES.

The fleece market opened on a firm basis today. During the sale prices eased back 5-10 cents with demand for poor spec lots dropping. Good spec fleece remained solid through to the close. 

The passed-in rate for fleece was at 6.3%.

SKIRTINGS

Skirtings were 10 cents dearer.

OPEN TOPS

Fine open tops remained firm, while a bigger selection of 19.5u and broader saw prices ease 25 cents lower.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

RWS regained some composure today with healthy competition from all sectors. Chinese style still trading at consistent levels.

FLEECE

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

China style 21.5 finer unchanged overall.

SKIRTINGS

Best style FNF par to 1% dearer in good competition.

B/C fault remain irregular.

OPEN TOP

Generally par to 1% dearer in good competition.

 

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

The Chinese sector lead the way today to replenish trading stock after a good weekend of sales. Best style/strength were unchanged. Caution still remains overall.

FLEECE

Best style/strength 21.5 finer unchanged.

China style 21.5 finer par to 1% dearer in keen competition.

SKIRTINGS

Best style FNF par to 1% dearer in good competition.

B/C fault remain irregular.

OPEN TOP

Generally par to 1% dearer in good competition.

 

AUSTRALIAN WEEKLY MARKET REPORT

Comment

In a lackluster week of trading we saw the wool market struggle again with all sectors a little more selective and the Chinese overall more subdued. Even best style/length NM/CM & RWS came back to field a little this week with less competition, which raises the question about sustainability of price ? Shipping and containerization issues still hamper the flow of wool to China, Europe and the Asia Pacific regions with no end in sight.

AWEX Eastern Indicator compared with 05/11/2021

Eastern Indicator

Close: 1319

Change in % -1.60

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

Authentico Index Values

15 Micron

Close: 3650

Change in %:  -6.0

16 Micron

Close: 2975

Change in %: -1.50

17 Micron

Close: 2606

Change in %: -0.0

18 Micron

Close: 2205

Change in %: -1.50

19 Micron

Close: 1740

Change in %: -5.0

Authentico Indicator

Close: 2577

Change in %: -2.0

Forecast

Trigger points to watch for this week are the EMI down 1319 and the USD price down to 972 which in recent months have been the trigger to an improved market the following weeks. This may be supported by heavy buying activity by Chinese traders/processors like Techwool and Tianyu who topped the buyers list this week ? Shipping schedules are filled with delays between now and Christmas which is making it difficult for exporters.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 19                    10373                 9115                 12.1%

South                     M 19                    20922                18065               13.7%

West                       F 19                     6335                   5088                19.7%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 20                      T / W                    11448

South                      M 20                    T / W / T               25153

West                        F 20                      T / W                     8113

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

NEW ZEALAND MARKET REPORT

Summary

Market strengthened again.

Comment

North Island only offering 5,600 bales.  The selection consisted of 48% hogget/ewe second shear, average/good style bulk 75/100mm, 25% hogget fleece, 32.0 to 34.0 micron 75/125mm, 10% crossbred fleece average/good style 100/125mm and longer, 15% associated oddments and 2% miscellaneous types.  Europe and United Kingdom main with limited support from the Indian sub continent, China and Australasian carpet mills.

Fleece

Good colour hogget and ewe fleece 2.5% dearer.

Poorer style fleece 4% dearer.

Second Shears

Crossbred hogget and ewe second shear 3% dearer.

Poorer style second shear 4% dearer.

Oddments

Crossbred oddments all descriptions 3.5% dearer.

Passings

5% passed in.

Next Auction

South Island only offering 6,700 bales Thursday 18th November.

EASTERN AUSTRALIAN MARKET REPORT

COMMENT

29% of the large fleece offering in Melbourne, mainly Chinese qualities, was passed in today. This created stronger competition as the sale progressed.

FLEECE

All FNF types tending slightly dearer. Focus remains on 19.5/21.0 micron

SKIRTINGS

Fully firm, trending upward towards the close.

OPEN TOP

Generally fully firm