Australian Weekly Market Report
Published January 17, 2019 by Tim Marwedel
With 51,000 bales on offer and according to AWEX, the largest sale since April last year, most would have anticipated a softening trend this week. While there were some irregular movements in the various micron categories, the overall market trend was very positive. The crossbred sector again outperformed the merino types. The MPG’s are not a clear indication of the market strength for the better specification types. For example, the MPG’s for 17.0 micron were down in both Sydney and Melbourne but our market quotes for good 17.0 micron were very firm, tending dearer for the better lots. The MPG’s tend to be influenced a little by what is on offer and the general selection has deteriorated at an alarming rate in our opinion. Yields appear lower, length’s shorter and staple strengths lower, all as a result of the very concerning continuation of drought conditions and extraordinarily hot temperatures being felt across Australia. Overall $101,000,000 worth of wool was purchased by the trade.
AWEX Eastern Indicator compared with 10/01/2019
Change in %: +0.68%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 10/01/2019
Change in %: -0.69
Change in %: +0.51
Change in %: +2.32%
Change in %: +0.04
Change in %: +0.14
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.
It was a strong performance for the market in a large offering and with 20% less wool available for sale next week, we would expect a relatively stable, tending stronger market trend to continue.
Auction offering – current week
Selling Centres for week 29
Market Sale Offered Sold Passed In
North S 29 13970 13279 4.9%
South M 29 26989 25315 6.2%
West F 29 10744 9633 10.3%
Auction offering – next week
Market Sale Sale days Volume
North S 30 W-T 9787
South M 30 W-T 22502
West F 30 W-T 9214
If you want to see the complete Wool Sales Roster click here.