IMPORTANT NOTICE:

 

 

AWIS WOOL MARKET REVIEW

Week Ending 4 October 2019 (Week 14).

The AWEX EMI finished at 1511˘, 98˘ lower (-6.1%) in Australian currency and 71˘ lower (-6.5%) in US currency at sales in Sydney, Melbourne and Fremantle this week.

33,548 bales were on offer nationally, compared with 27,374 bales last sale.  34.1% of the offering was passed in after 11.2% of the original offering had been withdrawn before sale.

AWEX reports that the value of the wool sold was $37.8 million ($1,710 per bale), taking the season total to $458.0 million ($1,734 per bale).

The New Zealand Merino Company also offered 3,473 bales in Melbourne on Thursday, of which 33.2% were passed in.

Day-to-Day and Sale-to-Sale Changes in AWEX Regional Indicators (Week 14)

Centre

Last Sale

Day-to-Day Changes (Week 14)

Sale-to-Sale

Closing

Sale-to-Sale Changes

 

Week

Indicator

Tuesday

Wednesday

Thursday

Change

Indicator

US ˘

Euro ˘

Eastern

13

1609

No Sale

-51

-47

-98 (-6.1%)

1511

-71

-66

Northern

13

1635

No Sale

-54

-43

-97 (-5.9%)

1538

-71

-65

Southern

13

1593

No Sale

-49

-51

-100 (-6.3%)

1493

-73

-67

Western

13

1702

No Sale

-37

-55

-92 (-5.4%)

1610

-68

-62

The wool market continued its roller-coaster ride this week.  This was not unexpected after the weaker close in Fremantle on the previous Thursday.  Growers reacted very strongly by passing in in a record level of wool.  This was particularly so among the Merino Fleece wool, of which 30.9% was passed in on Wednesday and 58.2% was passed in on Thursday.  There was no particular trend in the price falls across the micron ranges.

The US Exchange Rate eased by 0.41˘ on Tuesday after the Reserve Bank of Australia announced a fall of 0.25% in the official interest rate.  It finished the week 0.35˘ (-0.5%) lower to close at 67.17˘ on Thursday.

Buyers for China were dominant, with support from buyers for India and Europe

In other countries, the South African Cape Wools Indicator on Wednesday was down by 2.7% since the previous week against a 2.0% depreciation of the Rand against the US Dollar and a 1.8% depreciation against the Euro.

Looking ahead, offerings for the coming three sales are expected to range from 33,086 bales to 35,685 bales and to be 1.4% more than in the same period last year.  The forecast progressive difference to Week 17 is -16.9%.

Differences in AWEX MPGs

18.5 and 22.0

18.0 and 22.0

17.5 and 22.0

17.0 and 22.0

16.5 and 22.0

North

No 22.0µ MPG

No 22.0µ MPG

No 22.0µ MPG

No 22.0µ MPG

No 22.0µ MPG

South

74˘

138˘

139˘

184˘

No 16.5µ MPG

 

Market Indicator

Changes From

 

Four Sales Ago
Week 10

Start of
the Season

Week 14
Last Year

Season Average to
Week 14 Last Year

Eastern Market Indicator

+146  (+10.7%)

-228  (-13.1%)

-481  (-24.1%)

-490  (-24.0%)

Western Market Indicator

+227  (+16.4%)

-271  (-14.4%)

-522  (-24.5%)

-548  (-24.9%)

 

Sale-to-Sale Changes in Average AWEX Merino Micron Price Guides (MPGs)

Micron

16.5

17.0

17.5

18.0

18.5

19.0

19.5

20.0

21.0

22.0

23.0

24.0

Since Last Sale

 

 

 

 

 

 

 

 

 

 

Change ˘

-145

-116

-124

-114

-110

-128

-135

-132

-129

 

 

 

Change %

-7.1%

-5.8%

-6.3%

-5.8%

-5.9%

-6.9%

-7.3%

-7.2%

-7.1%

 

 

 

Since Start of the Season

 

 

 

 

 

 

 

 

 

 

Change ˘

-271

-259

-276

-271

-282

-311

-326

-336

-338

-320

 

 

Change %

-12.5%

-12.1%

-13.0%

-12.8%

-13.7%

-15.3%

-16.1%

-16.6%

-16.7%

-15.7%

 

 

Since Same Week Last Year

 

 

 

 

 

 

 

 

 

 

Change ˘

-1031

-936

-839

-717

-671

-612

-567

-526

-491

-447

 

 

Change %

-35.3%

-33.2%

-31.2%

-28.0%

-27.5%

-26.2%

-25.0%

-23.7%

-22.6%

-20.7%

 

 

 

Sale-to-Sale Changes in Other Average AWEX Price Guides

Micron

25.0

26.0

28.0

30.0

32.0

MC#

Since Last Sale

 

 

 

 

Change ˘

 

-68

-70

-76

 

+4

Change %

 

-5.5%

-7.1%

-9.3%

 

+0.4%

Since Start of the Season

 

 

 

 

Change ˘

 

-175

-123

-107

 

+46

Change %

 

-13.0%

-11.8%

-12.6%

 

+4.7%

Since Same Week Last Year

 

 

 

 

Change ˘

 

-228

+30

+26

 

-371

Change %

 

-16.3%

+3.4%

+3.6%

 

-26.4%

#    6Average Merino Cardings Price Guide


 

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 August ABS export data.

Details of this Week’s Offering and the Comparison with the Previous Sale’s Offering

 

Progressive Changes from Last Year

Centre

Last Sale

This Sale

 

All Bales

1st Time Bales

 

Offering

Offering

Passed-In

Withdrawn
Before Sale

Re-Offered

Bales Sold

 

Bales

%

%

North

7,100

9,512

27.3%

10.1%

13.2%

6,912

 

-27,537

-20.9%

-25.6%

South

13,525

16,737

35.1%

9.4%

13.7%

10,868

 

-55,178

-25.7%

-30.9%

West

6,749

7,299

40.8%

16.3%

13.4%

4,321

 

-5,992

-8.8%

-19.5%

Australia

27,374

33,548

34.1%

11.2%

13.5%

22,101

 

-88,707

-21.4%

-27.4%

 

Next Sale Offerings and Year-on-Year Differences

Centre

Week 15

Week 16

Week 17

Differences

North

8,341

9,075

7,980

0.0%

South

18,085

19,310

17,756

+0.6%

West

7,748

7,300

7,350

+5.1%

New Zealand

 

 

 

 

Australia

34,174

35,685

33,086

102,945

Differences

+6.6%

-1.1%

-0.9%

+1.4%

 

Exchange Rates

Last

Day-to-Day Changes

Sale-to-Sale

Closing

Season Min & Max

(Reserve Bank)

Sale

Fri

Mon

Tues

Wed

Thur

Change

Value

Min

Max

United States

67.52

+0.10

-0.13

-0.41

+0.06

+0.03

-0.35  (-0.5%)

67.17

67.17

70.36

Euro

61.63

+0.29

-0.21

-0.11

-0.20

-0.10

-0.33  (-0.5%)

61.30

60.42

62.48

 

Country

% Share of Australia’s Wool Exports by Weight of Wool Shipped

Year-on-Year % Change

 

August
2019

July to August
2019/20

July to August
2018/19

July to August

By Weight

By Value

China

72.3%

74.7%

73.2%

-13.3%

-25.8%

India

8.2%

5.7%

6.9%

-29.6%

-36.6%

Italy

1.5%

4.6%

4.0%

+0.5%

+11.3%

Czech Republic

4.0%

3.6%

5.3%

-41.3%

-33.2%

Korea

2.1%

2.4%

1.4%

+52.8%

+70.1%

Malaysia

0.9%

0.8%

1.3%

-45.9%

-36.7%

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%


Next Three Sales

Week Number               Commencing                             Selling Centres                                Bales

15                                7 October 2019                 Sydney, Melbourne and Fremantle                  34,174

16                               14 October 2019                Sydney, Melbourne and Fremantle                  35,685

17                               21 October 2019                Sydney, Melbourne and Fremantle                  33,086

© AWIS 2019 (for permission to reprint, in part or whole, please contact this office)

 

 

AWIS WOOL MARKET

REVIEW ARCHIVES

(Week Ending)

4 October 2019

27 September 2019

20 September 2019

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6 September 2019

30 August 2019

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16 August 2019

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5 July 2019

28 June 2019

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31 May 2019

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5 April 2019

29 March 2019

22 March 2019

15 March 2019

8 March 2019

1 March 2019

22 February 2019

15 February 2019

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1 February 2019

25 January 2019

18 January 2019

11 January 2019

14 December 2018

7 December 2018

30 November 2018

23 November 2018

16 November 2018

9 November 2018

2 November 2018

26 October 2018

19 October 2018

12 October 2018

5 October 2018

28 September 2018

21 September 2018

14 September 2018

7 September 2018

31 August 2018

24 August 2018

17 August 2018

10 August 2018

13 July 2018

6 July 2018

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