|
AWIS WOOL MARKET
REVIEW
Week Ending 18
January 2019 (Week 29)
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Sales
continued on a positive note when the AWEX EMI finished 13˘ higher (+0.7%) in
Australian currency and 3˘ higher (+0.2%) in US currency at sales in Sydney,
Melbourne and Fremantle this week.
51,703
bales were on offer nationally, compared with 47,593 bales last sale. 6.7% of the offering was passed in.
It was
the largest sale of the season; and the first time 50,000 has been exceeded.
AWEX
reports that the value of the wool sold was $101.2 million ($2,098 per bale),
taking the season total to $1.737 billion ($2,227 per bale).
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Day-to-Day and
Sale-to-Sale Changes in AWEX Regional Indicators (Week 29)
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|
Centre
|
Last Sale
|
Day-to-Day
Changes (Week 29)
|
Sale-to-Sale
|
Closing
|
Sale-to-Sale
Changes
|
|
|
Week
|
Indicator
|
Tuesday
|
Wednesday
|
Thursday
|
Change
|
Indicator
|
US ˘
|
Euro ˘
|
|
Eastern
|
28
|
1910
|
+1
|
+13
|
-1
|
+13 (+0.7%)
|
1923
|
+3
|
+21
|
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Northern
|
28
|
1948
|
No Sale
|
+15
|
-3
|
+12 (+0.6%)
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1960
|
+2
|
+20
|
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Southern
|
28
|
1887
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+1
|
+12
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-1
|
+12 (+0.6%)
|
1899
|
+2
|
+20
|
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Western
|
28
|
2083
|
No Sale
|
+13
|
+9
|
+22 (+1.1%)
|
2105
|
+8
|
+28
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The
sale opened in Melbourne alone on Tuesday, when there was an easing among the
Merino types, but further strong gains among the fine and medium crossbreds. Wednesdays sale produced good all-round
results, apart from some mixed outcomes at the fine end of the Merinos. There were further good gains among the
fine and medium crossbreds. The sale
closed on a steadier note in the East on Thursday, but on a stronger note in
the West, where the WMI finished 9˘ cents higher than on the previous day.
The
average closing average AWEX crossbred MPGs were up by 68˘ at 26 microns and
by 56˘ at 28 microns on top of their gains of 55˘ and 33˘ in the last sale.
The US
Exchange Rate finished 0.33˘ (-0.5%) lower to close at 71.52˘ on Thursday.
Buyers
for China were dominant, with support from buyers for Europe and India.
Looking
ahead, offerings for the coming three sales are expected to come back from
the higher numbers of the past two weeks.
Quantities are currently
expected to range from 37,005 bales to 41,503 bales and to be 4.3% less than
in the same period last year. The
forecast progressive difference to Week 32 is -15.6%.
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Differences in AWEX MPGs
|
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
|
|
North
|
No 22.0µ MPG
|
No 22.0µ MPG
|
No 22.0µ MPG
|
No 22.0µ MPG
|
No 22.0µ MPG
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South
|
151˘
|
236˘
|
318˘
|
306˘
|
302˘
|
|
Market Indicator
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Changes From
|
|
|
Four Sales Ago
Week 22
|
Start of
the Season
|
Week 29
Last Year
|
Season Average to
Week 29 Last Year
|
|
Eastern Market Indicator
|
+63 (+3.4%)
|
-65 (-3.3%)
|
+122 (+6.8%)
|
+343 (+21.2%)
|
|
Western Market Indicator
|
+96 (+4.8%)
|
-37 (-1.7%)
|
+245 (+13.2%)
|
+441 (+26.4%)
|
|
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
|
23.0
|
24.0
|
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Since Last Sale
|
|
|
|
|
|
|
|
|
|
|
|
Change ˘
|
-30
|
-25
|
-1
|
-2
|
-3
|
+2
|
+4
|
+6
|
+14
|
-2
|
+16
|
|
|
Change %
|
-1.2%
|
-1.0%
|
0.0%
|
-0.1%
|
-0.1%
|
+0.1%
|
+0.2%
|
+0.3%
|
+0.6%
|
-0.1%
|
+0.7%
|
|
|
Since Start of
the Season
|
|
|
|
|
|
|
|
|
|
|
|
Change ˘
|
-475
|
-282
|
-120
|
-18
|
+3
|
+8
|
+8
|
-6
|
-13
|
-48
|
-58
|
|
|
Change %
|
-15.8%
|
-10.1%
|
-4.6%
|
-0.7%
|
+0.1%
|
+0.4%
|
+0.4%
|
-0.3%
|
-0.6%
|
-2.2%
|
-2.6%
|
|
|
Since Same Week
Last Year
|
|
|
|
|
|
|
|
|
|
|
|
Change ˘
|
-250
|
-149
|
-12
|
+57
|
+102
|
+165
|
+240
|
+319
|
+440
|
+477
|
+530
|
|
|
Change %
|
-9.0%
|
-5.6%
|
-0.5%
|
+2.4%
|
+4.6%
|
+7.8%
|
+11.8%
|
+16.5%
|
+24.6%
|
+27.9%
|
+31.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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
|
+56
|
+13
|
-9
|
+16
|
|
Change %
|
|
+5.3%
|
+6.3%
|
+1.8%
|
-1.8%
|
+1.4%
|
|
Since Start of
the Season
|
|
|
|
|
|
Change ˘
|
|
-204
|
-11
|
+52
|
+33
|
-290
|
|
Change %
|
|
-13.2%
|
-1.1%
|
+7.7%
|
+7.3%
|
-19.7%
|
|
Since Same Week
Last Year
|
|
|
|
|
|
Change ˘
|
|
+208
|
+137
|
+136
|
+94
|
-326
|
|
Change %
|
|
+18.4%
|
+16.9%
|
+22.9%
|
+24.1%
|
-21.6%
|
|
# 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 November 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
|
9,922
|
13,970
|
4.9%
|
2.8%
|
4.9%
|
13,279
|
|
-58,320
|
-19.1%
|
-19.6%
|
|
South
|
26,260
|
26,989
|
6.2%
|
4.1%
|
5.0%
|
25,315
|
|
-86,142
|
-15.9%
|
-17.0%
|
|
West
|
11,411
|
10,744
|
10.3%
|
4.0%
|
8.4%
|
9,633
|
|
-32,541
|
-16.5%
|
-19.8%
|
|
Australia
|
47,593
|
51,703
|
6.7%
|
3.7%
|
5.7%
|
48,227
|
|
-177,003
|
-17.0%
|
-18.3%
|
|
Next
Sale Offerings and Year-on-Year Differences
|
|
Centre
|
Week 30
|
Week 31
|
Week 32
|
Differences
|
|
North
|
9,787
|
9,770
|
10,130
|
-14.8%
|
|
South
|
22,502
|
19,975
|
18,775
|
-4.4%
|
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West
|
9,214
|
8,250
|
8,100
|
+12.4%
|
|
New
Zealand
|
|
|
|
|
|
Australia
|
41,503
|
37,995
|
37,005
|
116,503
|
|
Differences
|
-2.4%
|
-4.0%
|
-6.5%
|
-4.3%
|
|
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
|
71.85
|
+0.35
|
-0.36
|
+0.28
|
-0.16
|
-0.44
|
-0.33 (-0.5%)
|
71.52
|
70.72
|
74.41
|
|
Euro
|
62.16
|
+0.46
|
-0.02
|
+0.22
|
+0.24
|
-0.23
|
+0.67 (+1.1%)
|
62.83
|
61.17
|
64.24
|
|
Country
|
% Share of Australia’s Wool Exports by Weight of Wool Shipped
|
Year-on-Year % Change
|
|
|
November
2018
|
July to November
2018/19
|
July to November
2017/18
|
July to November
|
|
By Weight
|
By Value
|
|
China
|
68.1%
|
74.0%
|
77.9%
|
-22.6%
|
+1.3%
|
|
India
|
9.0%
|
7.1%
|
5.8%
|
-0.9%
|
+25.8%
|
|
Italy
|
6.7%
|
6.4%
|
4.9%
|
+4.5%
|
+22.9%
|
|
Czech Republic
|
5.7%
|
3.8%
|
5.5%
|
-44.6%
|
-23.5%
|
|
Korea
|
2.9%
|
2.8%
|
1.3%
|
+78.5%
|
+139.9%
|
|
Malaysia
|
0.7%
|
0.8%
|
1.1%
|
-42.9%
|
-35.3%
|
|
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
30 21
January 2019 Sydney,
Melbourne and Fremantle 41,503
31 28
January 2019 Sydney,
Melbourne and Fremantle 37,995
32 4
February 2019 Sydney,
Melbourne and Fremantle 37,005
© AWIS 2019 (for permission to reprint, in part or whole, please
contact this office)
|
AWIS WOOL
MARKET
REVIEW ARCHIVES
(Week Ending)
|
