IMPORTANT NOTICE:

 

 

AWIS WOOL MARKET REVIEW

Week Ending 29 November 2019 (Week 22).

The AWEX EMI finished at 1530˘, 25˘ lower (-1.6%) in Australian currency and 22˘ lower (-2.1%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 22.

37,804 bales were on offer nationally, compared with 35,719 bales last sale.  14.6% of the offering was passed in after 5.8% of the potential offering was withdrawn prior to sale.

AWEX reports that the value of the wool sold was $53.7 million ($1,664 per bale), taking the season total to $872.7 million ($1,742 per bale).  The number of bales sold at auction this season is now 18.2% less than in 2018/19.

Day-to-Day and Sale-to-Sale Changes in AWEX Regional Indicators (Week 22)

Centre

Last Sale

Day-to-Day Changes (Week 22)

Sale-to-Sale

Closing

Sale-to-Sale Changes

 

Week

Indicator

Tuesday

Wednesday

Thursday

Change

Indicator

US ˘

Euro ˘

Eastern

21

1555

No Sale

-16

-9

-25 (-1.6%)

1530

-22

-14

Northern

21

1591

No Sale

-18

-12

-30 (-1.9%)

1561

-25

-17

Southern

21

1532

No Sale

-14

-7

-21 (-1.4%)

1511

-19

-12

Western

21

1655

No Sale

-19

+4

-15 (-0.9%)

1640

-16

-8

The market eased again this week, with losses across all Merino and crossbred types and micron ranges.  Locks were the only types that held last week’s prices, resulting in a smaller movement in the Oddments Price Guide.  Growers reacted to the second successive week’s downward movement by passing-in a greater than average proportion of the offering.

The US Exchange Rate finished 0.34˘ (-0.5%) lower to close at 67.63˘ on Thursday.

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

In other countries, the South African Cape Wools Indicator was down by 0.1% since last week against a 0.2% depreciation of the Rand against the US Dollar and a 0.5% appreciation against the Euro.

Looking ahead, the sales lose their synchronisation with last year when a sale as a sale will be held in Week 25 this year, but not last year.  Offerings in sales 23 and 24 are expected to be 41,274 bales range and 37,278 bales and to be 3.6% less than in the same period last year.  The forecast progressive difference to Week 24 is -11.9%.

The size of the weekly offerings continues to move closer to the previous year's volumes.  The number of bales offered in the last four weeks was up by 8.2%, compared with a figure of -18.1% from Weeks 01 to Week 18.  AWH advise that they are very busy handling the current level of receivals.

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

95˘

149˘

228˘

268˘

346˘

 

Market Indicator

Changes From

 

Four Sales Ago
Week 18

Start of
the Season

Week 22
Last Year

Season Average to
Week 22 Last Year

Eastern Market Indicator

-64  (-4.0%)

-209  (-12.0%)

-330  (-17.7%)

-420  (-21.3%)

Western Market Indicator

-47  (-2.8%)

-241  (-12.8%)

-369  (-18.4%)

-467  (-22.0%)

 

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 ˘

-16

-12

-6

-28

-42

-43

-36

-26

-11

 

 

 

Change %

-0.8%

-0.6%

-0.3%

-1.5%

-2.3%

-2.4%

-2.0%

-1.5%

-0.6%

 

 

 

Since Start of the Season

 

 

 

 

 

 

 

 

 

 

Change ˘

-121

-170

-202

-261

-256

-295

-309

-320

-314

-334

 

 

Change %

-5.6%

-7.9%

-9.5%

-12.3%

-12.5%

-14.5%

-15.2%

-15.8%

-15.5%

-16.4%

 

 

Since Same Week Last Year

 

 

 

 

 

 

 

 

 

 

Change ˘

-462

-483

-485

-488

-443

-441

-433

-432

-418

-423

 

 

Change %

-18.5%

-19.7%

-20.1%

-20.8%

-19.8%

-20.2%

-20.1%

-20.2%

-19.7%

-19.9%

 

 

 

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 ˘

 

-33

-42

-10

-10

-1

Change %

 

-2.8%

-4.7%

-1.5%

-2.1%

-0.1%

Since Start of the Season

 

 

 

 

Change ˘

 

-179

-195

-171

-129

+88

Change %

 

-13.3%

-18.7%

-20.2%

-21.9%

+8.9%

Since Same Week Last Year

 

 

 

 

Change ˘

 

-182

-88

-66

 

-113

Change %

 

-13.5%

-9.4%

-8.9%

 

-9.5%

MC   Average 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 September 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

9,666

10,237

12.7%

3.8%

6.9%

8,938

 

-26,801

-13.3%

-17.0%

South

17,535

20,292

14.1%

7.2%

6.8%

17,434

 

-57,232

-16.0%

-19.6%

West

8,518

7,275

19.0%

4.9%

11.3%

5,895

 

-4,585

-3.7%

-11.2%

Australia

35,719

37,804

14.6%

5.8%

7.7%

32,267

 

-88,618

-13.0%

-17.4%

 

Next Sale Offerings and Year-on-Year Differences

Centre

Week 23

Week 24

Week 25

Differences

North

10,163

11,120

10,720

-2.8%

South

23,158

20,943

19,058

-0.1%

West

7,953

7,450

7,500

-11.3%

New Zealand

1,000

 

 

 

Australia

41,274

39,513

37,278

118,065

Differences

+10.3%

-14.1%

 

+41.5%

 

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

67.97

-0.09

+0.06

-0.12

-0.05

-0.14

-0.34  (-0.5%)

67.63

67.17

70.36

Euro

61.37

-0.02

+0.29

-0.06

-0.04

-0.10

+0.07  (+0.1%)

61.44

60.42

62.48

 

Country

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

Year-on-Year % Change

 

September
2019

July to September
2019/20

July to September
2018/19

July to September

By Weight

By Value

China

74.4%

74.2%

74.6%

-26.0%

-42.6%

Italy

7.3%

7.7%

6.4%

-9.8%

-28.3%

India

5.5%

5.6%

6.4%

-34.6%

-44.9%

Czech Republic

2.7%

3.3%

3.5%

-29.5%

-47.2%

Korea

2.2%

2.4%

3.1%

-43.7%

-52.7%

Egypt

2.5%

1.9%

1.0%

+41.6%

+13.6%

Thailand

0.9%

0.8%

1.3%

-52.6%

-63.6%

Germany

0.6%

0.5%

0.3%

+47.3%

+22.7%

Change all Countries

 

 

 

-25.7%

-41.4%

 

 

 

Next Three Sales

Week Number               Commencing                             Selling Centres                                Bales

23                              2 December 2019               Sydney, Melbourne and Fremantle                  41,274

                                                                             New Zealand Merino Company                      1,000

24                              9 December 2019               Sydney, Melbourne and Fremantle                  39,513

25                             16 December 2019              Sydney, Melbourne and Fremantle                  37,278

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

 

 

AWIS WOOL MARKET

REVIEW ARCHIVES

(Week Ending)

 

29 November 2019

22 November 2019

15 November 2019

8 November 2019

1 November 2019

25 October 2019

18 October 2019

11 October 2019

4 October 2019

27 September 2019

20 September 2019

13 September 2019

6 September 2019

30 August 2019

23 August 2019

16 August 2019

9 August 2019

12 July 2019

5 July 2019

28 June 2019

21 June 2019

14 June 2019

7 June 2019

31 May 2019

24 May 2019

17 May 2019

10 May 2019

3 May 2019

19 April 2019

12 April 2019

5 April 2019

29 March 2019

22 March 2019

15 March 2019

8 March 2019

1 March 2019

22 February 2019

15 February 2019

8 February 2019

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

Market Review Archives

2018 -1999

Top of page

Copyright © 2001-2018 AWIS All rights reserved  *  Contact Webmaster  *  Last updated: 16 March 2017