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AWIS WOOL MARKET
REVIEW
Week Ending 15
March 2019 (Week 37)
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The
AWEX EMI finished at 1979˘, 29˘ lower (-1.4%) in Australian currency and 18˘
lower (-1.3%) in US currency at sales in Sydney, Melbourne and Fremantle this
week.
40,785
bales were on offer nationally, compared with 45,130 bales last sale. The 29˘ fall in the EMI in A$ led to
greater seller resistance, even at the current prices; and to a 12.5% Pass-In
rate that includes 13.8% of the Merino Fleece.
AWEX
reports that the value of the wool sold was $74.8 million ($2,096 per bale),
taking the season total to $2.390 billion ($2,194 per bale).
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Day-to-Day and
Sale-to-Sale Changes in AWEX Regional Indicators (Week 37)
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Centre
|
Last Sale
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Day-to-Day
Changes (Week 37)
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Sale-to-Sale
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Closing
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Sale-to-Sale
Changes
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|
Week
|
Indicator
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Tuesday
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Wednesday
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Thursday
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Change
|
Indicator
|
US ˘
|
Euro ˘
|
|
Eastern
|
36
|
2008
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No Sale
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-16
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-13
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-29 (-1.4%)
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1979
|
-18
|
-18
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Northern
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36
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2058
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No Sale
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-17
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-14
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-31 (-1.5%)
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2027
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-20
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-19
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Southern
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36
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1976
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No Sale
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-15
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-12
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-27 (-1.4%)
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1949
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-17
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-16
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Western
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36
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2157
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No Sale
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-15
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-15
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-30 (-1.4%)
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2127
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-19
|
-18
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It was
a softer market this week, in which the lesser types were most affected,
while there was good support for the better types. Falls in the Merino average AWEX MPGs were
mostly between -1.5% and -2.0%, except at 20 to 22 microns, where the falls
ranged from -0.8% to -1.3%.
Crossbreds,
which have done so well all year, experienced falls across all micron
ranges. Oddment prices also fell, with
the average AWEX Merino Cardings Price Guide down by 17˘ (-1.4%).
The US
Exchange Rate was reasonably steady throughout the week. It finished 0.10˘ (0.1%) higher to close at
70.59˘ on Thursday.
Buyers
for China were dominant, with support from buyers for India and Europe
In
South Africa, where the Chinese bans are still in place, the Cape Wools Indicator
was down by 3.3% since last week against a 0.9% depreciation of the Rand
against the US Dollar.
Looking
ahead, offerings for the coming three sales are expected to range from 37,186
bales to 44,137 bales and to be 1.9% less than in the same period last
year. The forecast progressive
difference to Week 40 is -12.7%.
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Differences in AWEX MPGs
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18.5 and 22.0
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18.0 and 22.0
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17.5 and 22.0
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17.0 and 22.0
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16.5 and 22.0
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North
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No 22.0µ MPG
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No 22.0µ MPG
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No 22.0µ MPG
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No 22.0µ MPG
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No 22.0µ MPG
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South
|
51˘
|
90˘
|
128˘
|
160˘
|
193˘
|
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Market Indicator
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Changes From
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|
|
Four Sales Ago
Week 33
|
Start of
the Season
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Week 37
Last Year
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Season Average to
Week 37 Last Year
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Eastern Market Indicator
|
+82 (+4.2%)
|
+28 (+1.4%)
|
+186 (+10.2%)
|
+308 (+18.6%)
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Western Market Indicator
|
+83 (+4.0%)
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+35 (+1.6%)
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+272 (+14.3%)
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+401 (+23.4%)
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Sale-to-Sale Changes
in Average AWEX Merino Micron Price Guides (MPGs)
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|
Micron
|
16.5
|
17.0
|
17.5
|
18.0
|
18.5
|
19.0
|
19.5
|
20.0
|
21.0
|
22.0
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23.0
|
24.0
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Since Last Sale
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|
|
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|
|
|
|
|
|
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Change ˘
|
-50
|
-54
|
-36
|
-50
|
-33
|
-42
|
-37
|
-31
|
-25
|
-18
|
|
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Change %
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-1.9%
|
-2.1%
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-1.4%
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-2.0%
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-1.4%
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-1.8%
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-1.6%
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-1.3%
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-1.1%
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-0.8%
|
|
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Since Start of
the Season
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|
|
|
|
|
|
|
|
|
|
|
Change ˘
|
-462
|
-295
|
-141
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-17
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+27
|
+39
|
+45
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+41
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+36
|
+45
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|
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Change %
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-15.4%
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-10.5%
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-5.4%
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-0.7%
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+1.2%
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+1.7%
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+2.0%
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+1.8%
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+1.6%
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+2.0%
|
|
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Since Same Week
Last Year
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|
|
|
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|
|
|
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Change ˘
|
-404
|
-221
|
-47
|
+118
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+233
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+311
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+350
|
+383
|
+419
|
+452
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|
|
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Change %
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-13.7%
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-8.1%
|
-1.9%
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+5.1%
|
+11.0%
|
+15.5%
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+17.9%
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+20.0%
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+22.5%
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+24.8%
|
|
|
|
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Sale-to-Sale Changes
in Other Average AWEX Price Guides
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|
Micron
|
25.0
|
26.0
|
28.0
|
30.0
|
32.0
|
MC#
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Since Last
Sale
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|
|
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Change ˘
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|
-40
|
-24
|
-24
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-7
|
-17
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Change %
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-2.8%
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-2.1%
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-2.6%
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-1.2%
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-1.4%
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Since Start of
the Season
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|
|
|
|
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Change ˘
|
|
-134
|
+184
|
+240
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+148
|
-268
|
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Change %
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|
-8.7%
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+19.2%
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+35.5%
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+32.8%
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-18.2%
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Since Same Week
Last Year
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|
|
|
|
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Change ˘
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|
+244
|
+333
|
+350
|
+201
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-77
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Change %
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+20.9%
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+41.1%
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+61.7%
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+50.5%
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-6.0%
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# Average Merino Cardings Price Guide
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The following tables show the details of this week's sale
offering; the expected offerings over the next three sales; the changes in
Exchange Rates since the previous sale; and highlights from the January ABS
export data.
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Details
of this Week’s Offering and the Comparison with the Previous Sale’s
Offering
|
|
Progressive
Changes from Last Year
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|
Centre
|
Last Sale
|
This
Sale
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|
All
Bales
|
1st
Time Bales
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|
|
Offering
|
Offering
|
Passed-In
|
Withdrawn
Before Sale
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Re-Offered
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Bales
Sold
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|
Bales
|
%
|
%
|
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North
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10,710
|
8,622
|
10.2%
|
1.3%
|
6.6%
|
7,741
|
|
-66,204
|
-16.9%
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-17.8%
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South
|
26,205
|
21,972
|
12.9%
|
1.8%
|
5.0%
|
19,130
|
|
-87,289
|
-12.1%
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-13.5%
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West
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8,215
|
10,191
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13.5%
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5.6%
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9.1%
|
8,811
|
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-26,244
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-9.8%
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-13.7%
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Australia
|
45,130
|
40,785
|
12.5%
|
2.7%
|
6.4%
|
35,682
|
|
-179,737
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-13.0%
|
-14.7%
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Next
Sale Offerings and Year-on-Year Differences
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|
Centre
|
Week 38
|
Week 39
|
Week 40
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Differences
|
|
North
|
10,966
|
9,025
|
8,628
|
-6.7%
|
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South
|
22,821
|
19,885
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20,228
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-0.8%
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West
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10,350
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8,430
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8,330
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+1.1%
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New
Zealand
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|
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Australia
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44,137
|
37,340
|
37,186
|
118,663
|
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Differences
|
+15.5%
|
-16.7%
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|
-1.9%
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Exchange
Rates
|
Last
|
Day-to-Day
Changes
|
Sale-to-Sale
|
Closing
|
Season
Min & Max
|
|
(Reserve
Bank)
|
Sale
|
Fri
|
Mon
|
Tues
|
Wed
|
Thur
|
Change
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Value
|
Min
|
Max
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United
States
|
70.49
|
-0.40
|
+0.35
|
+0.25
|
-0.14
|
+0.04
|
+0.10 (+0.1%)
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70.59
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70.49
|
74.41
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|
Euro
|
62.36
|
+0.23
|
+0.11
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+0.12
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-0.30
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-0.15
|
+0.01 (+0.0%)
|
62.37
|
61.17
|
64.24
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Country
|
% Share of Australia’s Wool Exports by Weight of Wool Shipped
|
Year-on-Year % Change
|
|
|
January
2019
|
July to January
2018/19
|
July to January
2017/20
|
July to January
|
|
By Weight
|
By Value
|
|
China
|
76.5%
|
74.9%
|
78.4%
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-20.5%
|
-1.6%
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|
India
|
4.4%
|
6.4%
|
5.4%
|
-0.3%
|
+22.6%
|
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Italy
|
5.7%
|
6.1%
|
4.6%
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+8.5%
|
+25.4%
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Czech Republic
|
4.9%
|
3.9%
|
5.7%
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-43.3%
|
-26.6%
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Korea
|
2.2%
|
2.7%
|
1.3%
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+76.0%
|
+124.8%
|
|
Malaysia
|
1.0%
|
0.8%
|
1.1%
|
-38.2%
|
-29.3%
|
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Egypt
|
0.8%
|
1.0%
|
1.0%
|
-19.8%
|
-2.3%
|
|
Taiwan
|
0.6%
|
0.9%
|
0.6%
|
+16.7%
|
+97.1%
|
|
Change all Countries
|
|
|
|
-20.7%
|
+8.2%
|
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Next Three Sales
Week Number Commencing Selling Centres Bales
38 18 March
2019 Sydney, Melbourne and
Fremantle 44,137
39 25 March
2019 Sydney, Melbourne and
Fremantle 37,340
40 1
April 2019 Sydney,
Melbourne and Fremantle 37,186
© AWIS 2019 (for permission to reprint, in part or whole, please
contact this office)
|
AWIS WOOL
MARKET
REVIEW ARCHIVES
(Week Ending)
|
