FREMANTLE MARKET REPORT

COMMENT

Fleece 10-20 cents cheaper, and skirtings 20c cheaper, and open tops 20-30 cents cheaper.

FLEECES

In a repeat of yesterday fleece prices fell another 10-20 cents today. Price falls were across all microns with better tested wools less affected.

The passed-in rate for fleece was 27.4%.

SKIRTINGS

Skirtings finished the day around 20cents cheaper with finer microns the least affected.

OPEN TOP

Open tops were generally 20-30 cents cheaper today on a very limited offering.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market continues to be easier due to poor style selection and slow shipments globally using up valuable cash resources.

COMMENT

Better style and strength remain keenly sought in limited supply.

FLEECE

Best 19.5 and finer 1-2% easier.

Good/Ave style 1% easier.

SKIRTINGS

Best FNF unchanged

Good/Ave style 1% easier

B/C Fault 1-2% easier

OPEN TOP

1% easier in limited supply.

FREMANTLE MARKET REPORT

COMMENT

Fleece and skirtings 20-30 cents cheaper, open tops 10-20 cents cheaper.

FLEECES

Fleece prices were 20-30 cents cheaper today with 19.5u and broader the most affected. The high volume of poor spec wools weighed on the market and we also saw high rate of passed-ins.

The passed-in rate for fleece was 26.3%

SKIRTINGS

Skirtings finished the day around 20-30 cents cheaper.

OPEN TOP

Open tops were generally 10-20 cents cheaper today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market a little easier in poor style offering. Autumn shorn higher VM wool starting to have an impact.

COMMENT

Another large volume offering including a wide range of Authentico & RWS accredited wool.

FLEECE

Better style and strength least affected.

Good/Ave style 1-2% easier across the range.

SKIRTINGS

1-2% easier

OPEN TOP

1-2% easier

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Demand for NM and CM wool this week remained very consistent and this has helped to maintain our Authentico Index values around similar levels to last week. Keenest interest was around 18.5 to 21.5 micron with the selection of finer types very limited.

The general expectation leading into each sale has been for a softening trend in the market, particularly with the large volume sales that we are seeing week to week. However, the market has been extremely resilient despite the quality of the selection also deteriorating. We would have thought that the quantity on offer would have been dropping by now but grower held wool has been propping up the volume each week. A lot of this wool has been drought affected types held for 12 months or so and an enormous quantity of crossbred lamb’s wool. The passed in rate seems high across each sale but a closer look will indicate that the percentage of crossbred types being passed in is much greater than the percentage of merinos not selling to the trade.

AWEX Eastern Indicator compared with 05/03/2021

Eastern Indicator

Close: 1309

Change in % -0.08

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

Authentico Index Values

15 Micron

Close: 3101

Change in %:  -3.96

16 Micron

Close: 2566

Change in %: -1.53

17 Micron

Close: 2257

Change in %: +0.04

18 Micron

Close: 1958

Change in %: +0.31

19 Micron

Close: 1735

Change in %: +0.35

Authentico Indicator

Close: 2261

Change in %: -0.79

Forecast

The positive sign this week was the way that the Fremantle sale closed. Despite a slight easing in Sydney and Melbourne on Thursday, the Fremantle sale closed a little dearer. This is an unusual reaction and a sign that perhaps demand for greasy wool is more widespread than many anticipate. It might well need to be with 53,000 bales currently rostered for next weeks sale. The volume of fine and superfine types available has more or less finished for the season with just selected lots available each week. The focus is shifting to the 18.5-to-21.5-micron range because this is what is available. High VM types for carbonising are also selling well with exporters and traders able to sell into the selection.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 37                     13527                       12490                7.7%

South                     M 37                    23346                       21385                8.4%

West                       F 37                      9607                         8280               13.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 38                      T – W                         13356

South                     M 38                  T – W – T                      30923

West                       F 38                      T – W                          9078

 

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

FREMANTLE MARKET REPORT

COMMENT

Fleece and skirtings firm, open tops slightly cheaper.

FLEECES

Fleece prices finished the day generally firm. The large volume of high vm fleece drifted towards the end of the sale, while low vm and high yielding lots remain very sought after.

The passed-in rate for fleece was 13.4%.

SKIRTINGS

Skirtings finished the day unchanged.

OPEN TOP

Open tops were generally 10-20 cents cheaper today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market a little easier in poor style offering. Autumn shorn higher VM wool starting to have an impact.

COMMENT

Another large volume offering including a wide range of Authentico & RWS accredited wool.

FLEECE

Better style and strength least affected.

Good/Ave style 1-2% easier across the range.

SKIRTINGS

1-2% easier

OPEN TOP

1-2% easier

NEW ZEALAND MARKET REPORT

Summary

Market dearer.

Comment

South Island only offering 8,700 bales.  The selection was 50% crossbred fleece, mainly average style 3/5″, 4/6″, 10% crossbred second shears average/good style bulk 3″, 20% lambs mainly good style 2/3″, 10% associated oddments and 10% miscellaneous types.  Keen widespread competition with all sectors operating pushing the market up.

Fleece

Better style 10% dearer.

Average style 5% dearer.

Poorer style firm.

Shears

Better style 10% dearer.

Average style 5% dearer.

Poorer style firm.

Lambs

Up to 10% dearer.

Oddments

All descriptions very firm.

Passings

7% Passed In.

Next Auction

South Island offering 7,300 bales and North Island offering 11,200 bales on 18th March.

FREMANTLE MARKET REPORT

COMMENT

Fleece 10-20c dearer, and skirtings 20-40c dearer, and open tops 30-40 cents dearer.

FLEECES

Fleece prices rose today with 18.5u and finer the most affected up by 15-20 cents. 19.5u and broader were generally firm to 10 cents dearer. Again best spec wools were keenly sought after and most affected.

The passed-in rate for fleece was 19.2%.

SKIRTINGS

Skirtings finished the day around 20-30 cents dearer.

OPEN TOP

Open tops were generally 20-40 cents dearer today.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Strong overall market in a large offering.

COMMENT

The deteriorating selection fails to dampen the market enthusiasm. All descriptions keenly sought after.

FLEECE

18.5 micron and finer fully firm

19.5 and broader up to 1% dearer

SKIRTINGS

Best light fault types 1% dearer.

Others 18.5 and finer fully firm, 19.5 /20.5 micron 1% dearer

OPEN TOP

1% dearer