EASTERN AUSTRALIAN MARKET REPORT

Fine wool firm. Broader merino types easier.

COMMENT

A clear market distinction for non mulesed wool with medium merino types (18.5/20.5) NM up to 5/10% above the general market level depending on quality.

FLEECE

Best 18.5 micron and finer tending slightly dearer with good competition on best specification at the new basis.

Good specification 16.0 / 18.5 firm with keenest interest in the finer end.

All 19.0 /19.5 micron 2% easier and 20.0 / 21.5 micron 3% easier

Tenders and high mid break wool just 1% easier.

SKIRTINGS

1% easier

OPEN TOP

1% easier

EASTERN AUSTRALIAN MARKET REPORT

Another major market correction. A general lack of buyer confidence with little interest coming from overseas clients during these uncertain times.

COMMENT

One third of the offering passed in. All prices down, some better types least affected, especially non mulesed. No doubt at some point in time there will be an over reaction and prices will recover, but confidence must first return.

FLEECE

18.5 micron and finer 3% easier

19.0 / 21.0 micron 5% easier

SKIRTINGS

Best lots 3% easier, others 5% easier.

OPEN TOP

Generally 3 to 5% easier

EASTERN AUSTRALIAN MARKET REPORT

Lack of general competition results in a high passed in rate.

COMMENT

More than 1/3rd of the fleece wool was passed in between the two centres but as much as 46% of the fleece in Melbourne failed to meet grower expectations. These were generally the lower yielding, drought affected types.

FLEECE

16.0 micron was a bright spot in the market, generally unchanged.

Better specification 16.5/18.5 micron up to 1% easier only.

All other descriptions 2% easier.

SKIRTINGS

16.5 micron and finer 1% easier.

17.0 / 18.5 micron 2% easier.

OPEN TOP

Generally 1 to 2% easier

EASTERN AUSTRALIAN MARKET REPORT

The wool market opened cautiously amidst general global economical concerns. The AUD is at a 10 year low against the USD.

COMMENT

Major Chinese buyers were quiet.

FLEECE

Best types 17.0 / 18.0 micron par to 1% easier (Italian specification)

All others 18.5 micron and finer 2% easier.

19.0 / 21.5 micron 3% easier.

SKIRTINGS

2% easier

OPEN TOP

2% easier

EASTERN AUSTRALIAN MARKET REPORT

Market closed strongly.

COMMENT

Some buying pressure across the board as the sale progressed ensured a positive close for the recess.

FLEECE

18.0 micron and finer 1% dearer

18.5 micron par to 1% dearer

19.0 / 21.0 micron very firm tending sellers favour.

SKIRTINGS

Very firm tending 1% dearer for the better light fault types.

OPEN TOP

Nominally very firm.

EASTERN AUSTRALIAN MARKET REPORT

Market dearer.

COMMENT

Better market confidence remains and the market continued on a more positive note.

FLEECE

Some variance between qualities but generally –

18.5 micron and finer 0.5% dearer

19.0 micron and broader 1% dearer

SKIRTINGS

1% dearer

OPEN TOP

Nominally par to 1% dearer.

EASTERN AUSTRALIAN MARKET REPORT

Market dearer.

COMMENT

The first sale of the 2019 season has closed positively.

FLEECE

Best 17.5/18.0 micron keenly sought after by Italian interests. 1 to 2% dearer.

All others 20.0 micron and finer 0.5% dearer.

20.5 / 21.5 micron 1% dearer.

SKIRTINGS

1% dearer for the few better, low VM types.

OPEN TOP

Nominally 1% dearer.

EASTERN AUSTRALIAN MARKET REPORT

A much improved market tone to open the 2019 wool selling season.

COMMENT

The larger Sydney selection has attracted much better competition and sale results in Sydney were more affected than Melbourne.

FLEECE

All types and descriptions up to 1% dearer from 17.5 to 21.5 micron.

SKIRTINGS

Good types nominally unchanged, faulty types slightly easier.

OPEN TOP

Generally unchanged.

EASTERN AUSTRALIAN MARKET REPORT

Non Mulesed (NM) wool unchanged. All others cheaper.

COMMENT

More widespread demand from end users for non mulesed (NM) wool as per the National Wool Declaration is protecting those lots from the continuing downward trend.

FLEECE

NM wool in good supply, unchanged.

All others 2% cheaper and very irregular. Poor overall competition.

SKIRTINGS

Nominally 2% easier.

OPEN TOP

Nominally 1 to 2% easier.

EASTERN AUSTRALIAN MARKET REPORT

Market easier in another poor selection.

COMMENT

The last sale of the season has drawn out some poor quality wool types.

FLEECE

18.5 micron and finer generally 1 to 2% easier with the finest and most inferior types most affected.

19.0 / 20.5 micron 1% easier.

21.0 / 22.0 micron par to 1% easier in a small selection.

SKIRTINGS

Generally 1% easier with finest lots most affected.

OPEN TOP

Nominally 1% easier.