AUSTRALIAN WEEKLY MARKET REPORT

Comment

The global financial and trade situation is causing enormous uncertainty across all markets and wool has not been immune from this global economic story. Our reliance on China is well known. Chinese trade activity has certainly been affected and the major wool buyers were notably absent this week. There did seem to be a little more interest late in the sale Thursday but this didn’t ease the negative sentiment that had dominated the opening sale. 16.0 micron was least affected and even closed fully firm yesterday. It was the standard Chinese types 19.0 to 21.5 micron that lacked the usual competition. 29% of the total national offering was passed in.

AWEX Eastern Indicator compared with 12/07/2019

Eastern Indicator

Close: 1676

Change in % -4.45%

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Schneider Indicators

The Schneider Indicators are currently being reviewed to provide index values that will better reflect our evolving business. Details and launch in coming weeks. Our apologies to those who rely on these values for market information.

15 Micron

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16 Micron

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17 Micron

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18 Micron

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19 Micron

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Forecast

Very few are able to comment on the non mulesed market like we can. G Schneider Australia tends to dominate the offering of NM certified wool from 18.5 to 20.5 micron. This week our prices for NM wool around 19.0 /20.0 micron were only 2% down on the previous sale in July. This compares with an AWEX MPG value for 19.0 micron which was closer to 6% down. Clearly NM wool is selling in a different market and attracting a wider range of buyer interest who are influenced by longer term delivery and supply chain relationships.

Auction offering – current week

Selling Centres for week 07

Market          Sale          Offered             Sold       Passed In

North                    S 07                      13059                       10490              19.7%

South                   M 07                      21125                        15726               25.6%

West                     F 07                        7359                          3425                53.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 08                        W-T                          13984

South                      M 08                       W-T                          21231

West                        F 08                        W-T                           8388

 

If you want to see the complete Wool Sales Roster click here.