IMPORTANT NOTICE:
AWIS WOOL
MARKET REVIEW
Week Ending 14
September 2018 (Week 11)
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The AWEX EMI finished 6¢ higher
(+0.3%) in Australian currency and 7¢ higher (+0.5%) in US currency at sales
in Sydney, Melbourne and Fremantle this week. 34,064 bales were on offer nationally,
compared with 38,037 bales last sale.
2.7% of the offering was passed in. AWEX reports that the value of the
wool sold was $82.9 million ($2,500 per bale), taking the season total to
$679.7 million ($2,359 per bale), $123 million (+21%) above the same time
last year, despite the 13.5% fall in the number of bales offered.
The market got away to a good start on
Wednesday when the AWEX Micron Price Guides were up, or unchanged; before
easing in the 19 to 22 micron range on Thursday. The lesser types were again more affected
than the better wools. There were overall gains up to 19.5
microns, after which the gains became progressively small falls (-3¢ to -6¢) up
to 22 microns. The gains at the fine
end were greatest at 16.5 microns, and became less as the fibre diameter
increased. Crossbreds showed little
overall change during the week. Merino
skirtings finished on a mixed basis, as did the oddments. The US Exchange Rate was relatively
unchanged during the week, after the steady falls from around 74¢ in
July. It finished 0.10¢ (0.1%) higher
to close at 71.81¢ 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 range from 34,800 bales to 37,700 bales
and to be 7.7% less than in the same period last year. This continues the trend seen in the season
to date.
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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 July ABS
export data.
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Next Three Sales
Week Number Commencing Selling Centres Bales
12 17 September 2018 Sydney, Melbourne and Fremantle 36,561
New
Zealand Merino Company 550
13 24
September 2018 Sydney,
Melbourne and Fremantle 34,830
14 1 October 2018 Sydney, Melbourne and Fremantle 37,670
New
Zealand Merino Company 650
AWIS WOOL MARKET
REVIEW ARCHIVES
(Week Ending)
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