IMPORTANT NOTICE:
AWIS, like other wool industry organisations, is feeling the pressure of the reduction in wool production and of increasing costs.
This has led to a review of AWIS policies and services.
As a result of this review, AWIS had made a decision to concentrate on services that it provides to its Member Organisations.
One such service is the AWIS Market Review, which is distributed to Members and to other interested parties as well as being included on the AWIS web Site.
AWIS continues to provide the Market Review to other persons or organisations who wish to receive it, in which case, there is a charge of $50 (plus GST) per annum to assist AWIS in covering the costs of producing the Review.
Under these circumstances the AWIS Market Review will now be delayed by a week in going onto the Web Site.
Those who wish to receive the Market Review in a more timely manner can do so by paying the $50 (plus GST) per annum subscription for the combined AWIS Newsletter / Market Review.
Please make contact with Melissa at melissa.mulley@woolindustries.org if you wish to take-up the subscription option.
AWIS hopes that the reasons for this decision are understood and appreciated.
AWIS WOOL
MARKET REVIEW
Week Ending 10
August 2018 (Week 06)
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The
AWEX EMI finished 9˘ higher (+0.5%) in Australian currency and 18˘ higher
(+1.2%) in US currency this week at the first sale after the mid-year break. 49,415
bales were on offer nationally, compared with 40,544 bales last sale. 4.7% of the offering was passed in. AWEX
reports that the value of the wool sold was $105.3 million ($2,237 per bale),
taking the season total to $264.6 million at $2,179 per bale. The
sale returns of $105.3 million were the highest ever; and only the second
time that $100 million has been achieved.
It was
good start to the new selling season, with widespread competition, the better
wools being rewarded and the Merino market lifting as the week
progressed. The greatest gains were
from 16.5 to 19.0 microns, after which the gains fell away and changed to
falls at 21.0 microns. The falls
increased as the Diameter increased. Medium
crossbreds fell sharply on Tuesday, before easing on Wednesday and recovering
slightly on Thursday. The medium crossbreds
were more affected than coarse crossbreds in a reversal of the pattern seen
through most of last season. The US
Exchange Rate finished 0.57˘ (0.8%) higher to close at 74.41˘ on Thursday. It has stayed in the “high-73s” to “mid-74’s”
during the break. Buyers
for China were dominant, with support from buyers for India and Europe. Looking
ahead, the expected offerings over the coming three sales currently average
around 35,000 bales; and are 13.7% below the same period last year. The combination of the strong close in the
current sale and the smaller volumes in the coming weeks seems likely to
maintain pressure in the market.
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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 June ABS
export data.
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Next Three Sales
Week Number Commencing Selling Centres Bales
07 13
August 2018 Sydney,
Melbourne and Fremantle 37,290
08 20
August 2018 Sydney
and Melbourne 33,761
09 27 August
2018 Sydney, Melbourne and
Fremantle 35,475
© AWIS 2018 (for permission to reprint, in part or whole, please
contact this office)
AWIS WOOL MARKET
REVIEW ARCHIVES
(Week Ending)
Copyright © 2001-2018 AWIS All rights reserved * Contact Webmaster * Last updated: 16 March 2017