AUSTRALIAN WEEKLY MARKET REPORT
A softening market trend this week in a another very disappointing offering. The impact of the drought on quality and quantity so far this season has been immense. Only 33,000 bales were offered and, on both days, the average market eased a little. The few better lines are attracting competition from a wider range of buyers and are clearly less affected. The EMI lost only 8c this week as crossbred wools continue upward with Chinese demand for these types outweighing supply.
AWEX Eastern Indicator compared with 02/05/2019
Change in % +0.41%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 02/05/2019
Change in %: 0.00
↑ 16 Micron
Change in %: 0.16%
↑ 17 Micron
Change in %: +0.75
↓ 18 Micron
Change in %: -1.40
↑ 19 Micron
Change in %: +0.36
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.
The general cautious tone across the wool industry isn’t necessarily playing out in the same way on greasy wool prices. It’s been a very difficult trading period. Wool prices are lower, yet relatively stable when considering the reduction in enquiry from our customers. Perhaps this is now starting to change the thought process of those who either need some wool for prompt production or prepare for the new season.
Auction offering – current week
Selling Centres for week 45
Market Sale Offered Sold Passed In
North S 45 8005 7303 8.8%
South M 45 18367 16006 12.9%
West F 45 6429 5267 18.1%
Auction offering – next week
Market Sale Sale days Volume
North S 46 W-T 8556
South M 46 W-T 18726
West F 46 W-T 6079
If you want to see the complete Wool Sales Roster click here.