Australian Weekly Market Report
Published February 8, 2019 by Tim Marwedel
There was an improved offering of fine wool in Sydney this week. The large offering of inferior fine wool with lower strength was expected to put some pressure on the market. However with a relatively stable result on Wednesday, prices rallied on Thursday to close very positively. The general market focus was on fine wool. Italian interests were very active on all good fleece wool from 15.5/18.0 micron but were well supported by other sectors seeking good specification and performance wool. No doubt the industry appetite for NM wool continues to grow with a wider range of buyers active across all types and descriptions.
AWEX Eastern Indicator compared with 31/01/2019
Change in %: +0.52%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 31/01/2019
Change in %: +0.98
Change in %: +2.76
Change in %: +2.21%
Change in %: +0.34
Change in %: +1.35
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.
Smaller national volume next week will keep pressure on wool prices. At the very least the reduced quantity will limit any downside.
Auction offering – current week
Selling Centres for week 32
Market Sale Offered Sold Passed In
North S 32 11262 10555 6.3%
South M 32 19396 18149 6.4%
West F 32 9236 8388 9.2%
Auction offering – next week
Market Sale Sale days Volume
North S 33 W-T 7483
South M 33 W-T 23356
West F 33 W-T 8821
If you want to see the complete Wool Sales Roster click here.