Australian Weekly Market Report

Posted on: June 15th 2018

General Market Summary

Fine micron types dominated by a generally inferior selection eased a little this week while the medium and broader micron merino wools were again keenly sought after. Demand for 21.0 micron in comparison to the current availability is causing this incredible surge in price. Just 20 to 30 cents separate 19.0 and 21.0 micron leaving 18.5 / 19.0 micron as the best value wool on the market at the moment. There are some variables in prices between markets. This is typical in a rapidly moving market and the small national offering is only exacerbating this trend.

AWEX INDICATOR
compared with 07/06/2018
Indicator Close Change%
EASTERN 2021 +0.50

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SCHNEIDER INDICATORS
compared with07/06/2018
Indicator Close Change %
15 MICRON (*)
16 MICRON 3094 +0.49
17 MICRON 2693 -1.17
18 MICRON 2399 -0.99
19 MICRON 2238 -1.24
(*) Marketed from September to March

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.

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Forecast

21,000 bales are available nationally next week. Just a few weeks ago this would have been considered a small Melbourne sale. These supply conditions are vastly different to anything experienced in recent memory and the market is reacting accordingly. There still seems some are waiting for a market correction but a variety of indent order buying instructions for as little as a few hundred bales will ensure short term volatility.

SELLING CENTRES FOR WEEK 50
Market Sale Offered Sold Passed-in
North S50 10965 10738 2.1%
South M50 12952 12397 4.3%
West F50 4112 3951 3.9%
SELLING CENTRES FOR THE NEXT WEEK 51
Market Sale Selling Offering
NORTH S51 W/T 9781
SOUTH M51 W/T 11545
WEST NO SALE

If you want to see the complete Wool Sales Roster CLICK HERE


Sydney and Melbourne market report
June 21st 2018 Market trend firm except dearer for medium micron merino types.
New Zealand Market Report
June 21st 2018 Minimal selection of finer wools on offer.
Sydney and Melbourne market report
June 20th 2018 Market dearer. AUD softer against the USD compared to last week.
Sydney and Melbourne market report
June 14th 2018 Market still strong in the continuation of a supply driven squeeze.
Fremantle Market Report
June 13th 2018 WESTERN AUSTRALIA 1% DEARER DRIVEN ONLY BY BROADER MICRONS.
Sydney and Melbourne market report
June 13th 2018 Generally a good market tone but with some irregularities in inferior fine wool.
Sydney and Melbourne market report
June 07th 2018 Market easier
Sydney and Melbourne market report
June 06th 2018 Market easier, AUD stronger against the USD.
Sydney and Melbourne market report
May 31st 2018 Upward the market continues.
Fremantle Market Report
May 30th 2018 WESTERN AUSTRALIA SIGNIFICANTLY UPWARD 2 TO 3%.
- ALL DESCRIPTIONS AFFECTED.
Sydney and Melbourne market report
May 30th 2018 Market dearer again. Small offering.
Sydney and Melbourne market report
May 24th 2018 Market upward again