IMPORTANT NOTICE:

 

 

AWIS WOOL MARKET REVIEW

Week Ending 13 September 2019 (Week 11).

In a week that left people wondering, the AWEX EMI finished 170˘ higher (+12.5%) in Australian currency and 125˘ higher (+13.4%) in US currency at sales in Sydney, Melbourne and Fremantle this week.

The weekly changes in the EMI since the resumption of sales in August have now ranged from -122˘ two weeks ago to +170˘ this week.  The EMI at 1535˘ is now 141˘ below its closing value in the first sale after the break.

The WMI moved up by 198˘ on Wednesday, but that included a catch-up component for the previous week, when market moved up on Thursday and Fremantle did not sell on that day

19,193 bales were on offer nationally, compared with 21,694 bales last sale.  5.2% of the offering was passed in after 20.7% of the initial offering was passed in prior to sale.

AWEX reports that the value of the wool sold was $30.7 million ($1,688 per bale), taking the season total to $325.8 million ($1,719 per bale).

The New Zealand Merino Company also offered 2,646 bales in Melbourne on Thursday, of which 13.2% were passed in.

Day-to-Day and Sale-to-Sale Changes in AWEX Regional Indicators (Week 11)

Centre

Last Sale

Day-to-Day Changes (Week 11)

Sale-to-Sale

Closing

Sale-to-Sale Changes

 

Week

Indicator

Tuesday

Wednesday

Thursday

Change

Indicator

US ˘

Euro ˘

Eastern

10

1365

No Sale

+130

+40

+170 (+12.5%)

1535

+125

+115

Northern

10

1408

No Sale

+126

No Sale

+126 (+8.9%)

1534

+96

+88

Southern

10

1338

No Sale

+132

+66

+198 (+14.8%)

1536

+145

+133

Western

10

1383

No Sale

+198

+44

+242 (+17.5%)

1625

+175

+160

There was an general expectation among the trade that the market would move up this week.

There were large gains across all types and micron ranges, with the greatest gains among the Merinos occurring from 18.5 to 22 microns.  There were similar percentage changes among the crossbreds; while the average AWEX Merino Cardings Price Guide moved up by 155˘ (+18.6%) to match the percentage changes of the best of the Merinos.

The US Exchange Rate moved up to finish 0.64˘ (0.9%) higher to close at 68.81˘ on Thursday.

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

In other countries, the South African Cape Wools Indicator up by 10.8% since last week.

Looking ahead, offerings for the coming three sales are expected to range from 28,510 bales to 33,980 bales and to be 12.1% less than in the same period last year.  The forecast progressive difference to Week 14 is -20.8%.

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

200˘

209˘

258˘

304˘

328˘

 

Market Indicator

Changes From

 

Four Sales Ago
Week 07

Start of
the Season

Week 11
Last Year

Season Average to
Week 11 Last Year

Eastern Market Indicator

+22  (+1.5%)

-204  (-11.7%)

-559  (-26.7%)

-498  (-24.3%)

Western Market Indicator

+27  (+1.7%)

-256  (-13.6%)

-631  (-28.0%)

-563  (-25.5%)

 

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 ˘

+111

+146

+115

+127

+193

+252

+279

+293

+280

+187

 

 

Change %

+5.9%

+8.0%

+6.4%

+7.2%

+11.7%

+16.1%

+18.4%

+19.8%

+19.0%

+12.7%

 

 

Since Start of the Season

 

 

 

 

 

 

 

 

 

 

Change ˘

-171

-165

-204

-225

-203

-223

-238

-257

-270

-369

 

 

Change %

-7.9%

-7.7%

-9.6%

-10.6%

-9.9%

-10.9%

-11.7%

-12.7%

-13.3%

-18.1%

 

 

Since Same Week Last Year

 

 

 

 

 

 

 

 

 

 

Change ˘

-1121

-997

-884

-788

-709

-623

-569

-530

-514

-583

-630

 

Change %

-36.0%

-33.5%

-31.5%

-29.4%

-27.7%

-25.6%

-24.1%

-23.0%

-22.7%

-25.9%

-27.8%

 

 

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 ˘

 

 

+112

+115

 

+155

Change %

 

 

+13.2%

+16.3%

 

+18.6%

Since Start of the Season

 

 

 

 

Change ˘

 

 

-82

-27

 

0

Change %

 

 

-7.8%

-3.2%

 

0.0%

Since Same Week Last Year

 

 

 

 

Change ˘

 

 

-9

+80

 

-588

Change %

 

 

-0.9%

+10.8%

 

-37.3%

#    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 July 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

7,039

5,191

8.0%

18.1%

8.9%

4,777

 

-24,057

-23.3%

-26.5%

South

11,619

9,672

3.5%

23.0%

8.9%

9,331

 

-41,600

-26.7%

-31.4%

West

3,036

4,330

5.7%

18.3%

23.9%

4,084

 

-7,594

-15.5%

-25.0%

Australia

21,694

19,193

5.2%

20.7%

12.3%

18,192

 

-73,251

-23.8%

-28.8%

 

Next Sale Offerings and Year-on-Year Differences

Centre

Week 12

Week 13

Week 14

Differences

North

8,885

7,420

8,795

-12.7%

South

15,802

14,640

18,735

-16.5%

West

6,420

6,450

6,450

+2.3%

New Zealand

 

 

 

 

Australia

31,107

28,510

33,980

93,597

Differences

-11.7%

-13.6%

-11.3%

-12.1%

 

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

68.17

+0.06

+0.37

-0.03

+0.18

+0.06

+0.64  (+0.9%)

68.81

67.22

70.36

Euro

61.82

-0.04

+0.44

-0.13

+0.13

+0.26

+0.66  (+1.1%)

62.48

60.42

62.48

 

Country

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

Year-on-Year % Change

 

July
2019

July to July
2019/20

July to July
2018/19

July to July

By Weight

By Value

China

75.8%

75.8%

71.1%

+9.2%

-6.4%

India

4.6%

4.6%

8.2%

-42.3%

-50.1%

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

12                 16 September 2019              Sydney, Melbourne and Fremantle                  31,107

13                 23 September 2019              Sydney, Melbourne and Fremantle                  28,510

14                 30 September 2019              Sydney, Melbourne and Fremantle                  33,980

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

 

 

AWIS WOOL MARKET

REVIEW ARCHIVES

(Week Ending)

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

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