Australian Weekly Market Report
Published December 14, 2018 by Tim Marwedel
National auction sales have closed for 2018 on a positive note. All types and descriptions have improved over the week in a large national selection. Disappointingly there seemed a larger than usual proportion of the offering was bulk class but this didn’t affect the market sentiment with prices improving until the close. It was a modest and somewhat mature finish for a turbulent year as the market appears to have settled at a reasonable level for both buyers and sellers. AWEX reported the EMI has finished 5.8% higher over the year.
AWEX Eastern Indicator compared with 06/12/2018
Change in %: +0.70%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 29/11/2018
Change in %: +2.83
Change in %: +0.36
Change in %: +1.34
Change in %: +2.21
Change in %: +1.08
Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it’s not influenced by currency fluctuations.
Wool indicators are anyway based on Australian Dollar.
If you want to learn more about SCHNEIDER indicators Click here.
We’ve reported before about the reduction in supply. For the season July to December, first hand grower offerings are 21.3% down compared to the same time last year. That doesn’t necessarily reflect a reduction in annual production by this volume but it points out that last year a large volume of grower held wool was ‘flushed out’ and can no longer act as a buffer to market volatility. We remain concerned for volume post-Christmas, like everyone else, and the usual trend is a strong market leading towards the Chinese New Year.
We’d like to wish everyone a very Merry Christmas and a healthy and prosperous New Year. Sales will recommence the week of 7th January.
Auction offering – current week
Selling Centres for week 24
Market Sale Offered Sold Passed In
North S 24 12212 11317 7.3%
South M 24 25162 23250 7.6%
West F 24 8629 7962 7.7%
Auction offering – next week
Market Sale Sale days Volume
North no sale
South no sale
West no sale
If you want to see the complete Wool Sales Roster click here.