AUSTRALIAN WEEKLY MARKET REPORT
Demand slowed again this week as the small offering as well as the still drought affected wools are having an impact. With a large percentage of the offering having poor spec and very low yield, exporters are finding these types harder to place orders. These poorest style wools saw the largest loss over the week. Growers were very resistant to the fall in prices with 21.3% of the entire offering passed in. The better spec and yielding wools were less affected, whilst those with best style were barely affected as a real gap has begun to emerge between quality.
AWEX Eastern Indicator compared with 07/06/2019
Change in % -2.20%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Schneider Indicators compared with 07/06/2019
Change in %: -1.84%
Change in %: -2.35%
Change in %: -2.48%
Change in %: -2.36%
Change in %: -1.06%
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.
Sales will take a break once again this week in Fremantle seeing the national offering drop back again to just 19,745.
As the drought continues across much of NSW and QLD the generally poor offering will continue for the foreseeable future. There is a generally small national offering forecast for the next couple of weeks leading into the three week recess. Hopefully this can stimulate the market a little as buyers need to complete orders and look to have enough wool to keep the machines running through the recess.
Auction offering – current week
Selling Centres for week
Market Sale Offered Sold Passed In
North S 50 7923 6841 13.7%
South M 50 14256 11757 17.5%
West F 50 5961 3562 25.0%
Auction offering – next week
Market Sale Sale days Volume
North S 50 W-T 8327
South M 50 W-T 11418
West No Sale
If you want to see the complete Wool Sales Roster click here.