IMPORTANT NOTICE:

 

 

AWIS WOOL MARKET REVIEW

Week Ending 9 November 2018 (Week 19)

The AWEX EMI finished at 1776˘, 78˘ lower (-4.2%) in Australian currency and 30˘ lower (-2.3%) in US currency at sales in Sydney, Melbourne and Fremantle this week.

32,189 bales were on offer nationally, compared with 35,124 bales last sale.  20.9% of the offering was passed in.

The offering was the smallest three centre offering of the season; and10,657 less than the 42,846 bales offered in Week 19 last year (when the EMI was 1681˘) .

AWEX reports that the value of the wool sold was $48.9 million ($1,921 per bale), taking the season total to $1.212 billion ($2,343 per bale).

The New Zealand Merino Company also offered 660 bales in Melbourne on Wednesday, of which 35.8% were passed in.

Day-to-Day and Sale-to-Sale Changes in AWEX Regional Indicators (Week 19)

Centre

Last Sale

Day-to-Day Changes (Week 19)

Sale-to-Sale

Closing

Sale-to-Sale Changes

 

Week

Indicator

Tuesday

Wednesday

Thursday

Change

Indicator

US ˘

Euro ˘

Eastern

18

1854

No Sale

-59

-19

-78 (-4.2%)

1776

-30

-34

Northern

18

1891

No Sale

-55

-27

-82 (-4.3%)

1809

-32

-36

Southern

18

1830

No Sale

-61

-15

-76 (-4.2%)

1754

-29

-33

Western

18

2005

No Sale

-72

-2

-74 (-3.7%)

1931

-25

-31

The market slipped again on Wednesday, before settling to some extent on Thursday.  It was disappointing after the steadier performance in the previous week.  All Diameters and Types were affected.  Falls among the Merinos varied over the two days, but without displaying any consistent pattern.  Falls among the crossbreds were also varied.

Oddments continued to come under strong pressure with the average AWEX Merino Cardings Price Guide moving down by another 62˘ (-5.7%).

The US Exchange Rate finished 1.44˘ (2.0%) higher to close at 72.74˘ on Thursday.  This did not help the market in a difficult week.

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

Looking ahead, offerings for the coming three sales are expected to range from 35,400 bales to 39,900 bales and to be 22.8% less than in the same period last year.  The forecast progressive difference to Week 22 is -16.7%.

The National Wool Production Forecasting Committee will meet on Wednesday and issue their updated forecast on Friday.

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

94˘

107˘

245˘

287˘

337˘

 

Market Indicator

Changes From

 

Four Sales Ago
Week 15

Start of
the Season

Week 19
Last Year

Season Average to
Week 19 Last Year

Eastern Market Indicator

-247  (-12.2%)

-212  (-10.7%)

+95  (+5.7%)

+434  (+27.7%)

Western Market Indicator

-239  (-11.0%)

-211  (-9.9%)

+209  (+12.1%)

+534  (+33.1%)

 

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 ˘

-113

-103

-64

-97

-84

-122

-114

-86

-76

-69

-71

 

Change %

-4.3%

-4.0%

-2.6%

-4.1%

-3.7%

-5.5%

-5.2%

-4.0%

-3.6%

-3.2%

-3.3%

 

Since Start of the Season

 

 

 

 

 

 

 

 

 

 

Change ˘

-502

-357

-224

-178

-146

-186

-199

-202

-192

-153

-173

 

Change %

-16.7%

-12.8%

-8.6%

-7.3%

-6.3%

-8.1%

-8.8%

-9.0%

-8.6%

-6.9%

-7.7%

 

Since Same Week Last Year

 

 

 

 

 

 

 

 

 

 

Change ˘

-12

-28

-29

-38

+74

+98

+170

+291

+407

+518

 

 

Change %

-0.5%

-1.1%

-1.2%

-1.7%

+3.5%

+4.9%

+9.0%

+16.5%

+24.8%

+33.2%

 

 

 

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 ˘

 

 

-30

-28

0

-62

Change %

 

 

-3.9%

-4.1%

0.0%

-5.7%

Since Start of the Season

 

 

 

 

Change ˘

-464

-413

-211

-24

+29

-444

Change %

-25.4%

-26.7%

-22.0%

-3.5%

+6.4%

-30.2%

Since Same Week Last Year

 

 

 

 

Change ˘

+130

+33

-74

+37

0

-323

Change %

+10.5%

+3.0%

-9.0%

+6.0%

0.0%

-23.9%

#    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 August ABS export data.

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

 

Actual and % Changes in the Progressive Offerings from
Last Year

Centre

Last Sale

This Sale

 

 

Offering

Offering

Passed-In

Withdrawn
Before Sale

Re-Offered

Bales Sold

 

North

9,018

8,625

17.5%

3.6%

8.2%

7,116

 

-37,110

-17.5%

South

19,167

17,172

18.0%

9.7%

9.5%

14,086

 

-45,470

-12.9%

West

6,939

6,392

33.5%

10.8%

11.6%

4,253

 

-23,285

-18.5%

Australia

35,124

32,189

20.9%

8.4%

9.5%

25,455

 

-105,865

-15.4%

 

Next Sale Offerings and Year-on-Year Differences

Centre

Week 20

Week 21

Week 22

Differences

North

10,161

9,650

9,880

-26.4%

South

21,419

17,996

20,460

-21.9%

West

8,303

7,800

7,900

-20.0%

New Zealand

 

800

 

 

Australia

39,883

35,446

38,240

113,569

Differences

-21.3%

-25.2%

-22.1%

-22.8%

 

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

71.30

+1.13

-0.54

+0.24

+0.51

+0.10

+1.44  (+2.0%)

72.74

70.72

74.41

Euro

62.85

+0.63

-0.34

+0.13

+0.13

+0.27

+0.82  (+1.3%)

63.67

61.17

64.08

 

Country

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

Year-on-Year % Change

 

August
2018

July to August
2018/19

July to August
2017/18

July to August

By Weight

By Value

China

78.5%

75.5%

74.7%

-19.8%

+11.1%

India

5.4%

7.2%

7.2%

-21.4%

-2.5%

Italy

4.5%

6.1%

5.2%

-7.6%

+10.3%

Czech Republic

3.8%

3.9%

5.9%

-47.8%

-16.2%

Korea

2.6%

2.1%

1.4%

+17.4%

+45.4%

Malaysia

0.9%

1.1%

1.6%

-47.4%

-39.4%

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

20                 12 November 2018              Sydney, Melbourne and Fremantle                  39,883

21                 19 November 2018              Sydney, Melbourne and Fremantle                  35,446

                                                                New Zealand Merino Company                         800

22                 26 November 2018              Sydney, Melbourne and Fremantle                  38,240

© AWIS 2018 (for permission to reprint, in part or whole, please contact this office)

 

 

AWIS WOOL MARKET

REVIEW ARCHIVES

(Week Ending)

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

29 June 2018

22 June 2018

15 June 2018

8 June 2018

1 June 2018

25 May 2018

18 May 2018

11 May 2018

4 May 2018

27 April 2018

20 April 2018

13 April 2018

30 March 2018

23 March 2018

16 March 2018

9 March 2018

2 March 2018

23 February 2018

16 February 2018

9 February 2018

2 February 2018

26 January 2018

19 January 2018

12 January 2018

15 December 2017

8 December 2017

1 December 2017

24 November 2017

17 November 2017

10 November 2017

3 November 2017

27 October 2017

20 October 2017

13 October 2017

6 October 2017

29 September 2017

22 September 2017

15 September 2017

8 September 2017

1 September 2017

25 August 2017

18 August 2017

11 August 2017

14 July 2017

7 July 2017

30 June 2017

23 June 2017

16 June 2017

9 June 2017

2 June 2017

26 May 2017

19 May 2017

12 May 2017

5 May 2017

28 April 2017

14 April 2017

7 April 2017

31 March 2017

24 March 2017

17 March 2017

10 March 2017

3 March 2017

24 February 2017

17 February 2017

10 February 2017

3 February 2017

27 January 2017

20 January 2017

13 January 2017

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2018 -1999

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