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AWIS WOOL MARKET
REVIEW
Week Ending 10
May 2019 (Week 45)
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The AWEX EMI finished at 1952¢, 8¢
lower (-0.4%) in Australian currency and 14¢ lower (-1.0%) in US currency at
sales in Sydney, Melbourne and Fremantle this week.
32,801 bales were on offer nationally,
compared with 43,053 bales last sale.
13.4% of the offering (including 20.6% of the Merino Fleece on
Thursday) was passed in.
AWEX reports that the value of the
wool sold was $58.1 million ($2,045 per bale), taking the season total to
$2.891 billion ($2,166 per bale).
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Day-to-Day and
Sale-to-Sale Changes in AWEX Regional Indicators (Week 45)
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Centre
|
Last Sale
|
Day-to-Day
Changes (Week 45)
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Sale-to-Sale
|
Closing
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Sale-to-Sale
Changes
|
|
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Week
|
Indicator
|
Tuesday
|
Wednesday
|
Thursday
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Change
|
Indicator
|
US ¢
|
Euro ¢
|
|
Eastern
|
44
|
1960
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No Sale
|
-3
|
-5
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-8 (-0.4%)
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1952
|
-14
|
-12
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Northern
|
44
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1997
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No Sale
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-1
|
-7
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-8 (-0.4%)
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1989
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-14
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-12
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Southern
|
44
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1939
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No Sale
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-6
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-6
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-12 (-0.6%)
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1927
|
-17
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-14
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Western
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44
|
2093
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No Sale
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-16
|
-15
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-31 (-1.5%)
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2062
|
-31
|
-26
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The general thrust of the Merino
market was downwards by around 1%, except at the Superfine end, where the
falls were slightly less. Merino
skirtings finished on a generally steady note, as did oddments. Fine and medium crossbreds moved up, to continue
their good run.
The US Exchange Rate finished 0.44¢
(-0.6%) lower to close at 69.76¢ on Thursday.
It was the first time this season that the closing EMI finished below
70¢. No doubt, it reflects some of the
trade pressures between the United States and China.
Buyers for China were dominant, with
support from buyers for Europe and India?
Sales resumed in South Africa, where
the ban on exports to China was lifted on Friday. The Cape Wool Indicator rose by 2.5%
against a depreciation of 2.9% in the United States Exchange Rate.
Looking ahead, offerings for the
coming three sales are expected to range from 30,336 bales to 33,361 bales
and to be 0.2% more than in the same period last year. The forecast progressive difference to Week
48 is -11.7%.
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Differences in AWEX MPGs
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18.5 and 22.0
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18.0 and 22.0
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17.5 and 22.0
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17.0 and 22.0
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16.5 and 22.0
|
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North
|
No 22.0µ MPG
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No 22.0µ MPG
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No 22.0µ MPG
|
No 22.0µ MPG
|
No 22.0µ MPG
|
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South
|
57¢
|
112¢
|
126¢
|
129¢
|
163¢
|
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Market Indicator
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Changes From
|
|
|
Four Sales Ago
Week 40
|
Start of
the Season
|
Week 45
Last Year
|
Season Average to
Week 45 Last Year
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Eastern Market Indicator
|
+9 (+0.5%)
|
-36 (-1.8%)
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+61 (+3.2%)
|
+272 (+16.1%)
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Western Market Indicator
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-33 (-1.6%)
|
-80 (-3.7%)
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+44 (+2.2%)
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+349 (+19.8%)
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Sale-to-Sale Changes
in Average AWEX Merino Micron Price Guides (MPGs)
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|
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
|
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Since Last Sale
|
|
|
|
|
|
|
|
|
|
|
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Change ¢
|
-18
|
-20
|
-19
|
-20
|
-29
|
-28
|
-34
|
-24
|
-27
|
-5
|
|
|
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Change %
|
-0.7%
|
-0.8%
|
-0.8%
|
-0.8%
|
-1.2%
|
-1.2%
|
-1.5%
|
-1.1%
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-1.2%
|
-0.2%
|
|
|
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Since Start of
the Season
|
|
|
|
|
|
|
|
|
|
|
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Change ¢
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-549
|
-376
|
-207
|
-61
|
-20
|
-6
|
-1
|
-6
|
-11
|
+3
|
|
|
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Change %
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-18.3%
|
-13.4%
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-7.9%
|
-2.5%
|
-0.9%
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-0.3%
|
0.0%
|
-0.3%
|
-0.5%
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+0.1%
|
|
|
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Since Same Week
Last Year
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|
|
|
|
|
|
|
|
|
|
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Change ¢
|
|
-327
|
-182
|
-6
|
+69
|
+114
|
+152
|
+173
|
+188
|
+213
|
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|
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Change %
|
|
-11.9%
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-7.0%
|
-0.3%
|
+3.1%
|
+5.3%
|
+7.2%
|
+8.3%
|
+9.2%
|
+10.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Sale-to-Sale Changes
in Other Average AWEX Price Guides
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|
Micron
|
25.0
|
26.0
|
28.0
|
30.0
|
32.0
|
MC#
|
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Since Last
Sale
|
|
|
|
|
|
Change ¢
|
|
+12
|
+15
|
0
|
0
|
-6
|
|
Change %
|
|
+0.8%
|
+1.1%
|
0.0%
|
0.0%
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-0.5%
|
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Since Start of
the Season
|
|
|
|
|
|
Change ¢
|
|
-19
|
+362
|
+324
|
+213
|
-378
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Change %
|
|
-1.2%
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+37.7%
|
+47.9%
|
+47.2%
|
-25.7%
|
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Since Same Week
Last Year
|
|
|
|
|
|
Change ¢
|
|
+188
|
+322
|
+296
|
+198
|
-319
|
|
Change %
|
|
+14.1%
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+32.2%
|
+42.0%
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+42.5%
|
-22.6%
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# Average Merino Cardings Price Guide
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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 February ABS
export data.
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Details
of this Week’s Offering and the Comparison with the Previous Sale’s
Offering
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|
Progressive
Changes from Last Year
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|
Centre
|
Last Sale
|
This
Sale
|
|
All
Bales
|
1st
Time Bales
|
|
|
Offering
|
Offering
|
Passed-In
|
Withdrawn
Before Sale
|
Re-Offered
|
Bales
Sold
|
|
Bales
|
%
|
%
|
|
North
|
10,443
|
8,005
|
8.8%
|
1.0%
|
3.2%
|
7,303
|
|
-79,877
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-17.0%
|
-17.9%
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South
|
21,790
|
18,367
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13.8%
|
1.9%
|
6.2%
|
15,836
|
|
-103,291
|
-11.7%
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-13.2%
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West
|
10,820
|
6,429
|
18.1%
|
3.2%
|
11.2%
|
5,267
|
|
-24,757
|
-7.5%
|
-11.3%
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Australia
|
43,053
|
32,801
|
13.4%
|
2.0%
|
6.5%
|
28,406
|
|
-207,925
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-12.4%
|
-14.2%
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Next
Sale Offerings and Year-on-Year Differences
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|
Centre
|
Week 46
|
Week 47
|
Week 48
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Differences
|
|
North
|
8,556
|
7,630
|
8,160
|
-21.9%
|
|
South
|
18,726
|
15,456
|
18,250
|
+4.3%
|
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West
|
6,079
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7,250
|
6,950
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+31.3%
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New
Zealand
|
|
|
|
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Australia
|
33,361
|
30,336
|
33,360
|
97,057
|
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Differences
|
-8.3%
|
+0.9%
|
+9.6%
|
+0.2%
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|
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
|
70.20
|
-0.22
|
-0.09
|
+0.45
|
-0.11
|
-0.47
|
-0.44 (-0.6%)
|
69.76
|
69.76
|
74.41
|
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Euro
|
62.65
|
-0.01
|
-0.19
|
+0.26
|
-0.03
|
-0.38
|
-0.35 (-0.6%)
|
62.30
|
61.17
|
64.24
|
|
Country
|
% Share of Australia’s Wool Exports by Weight of Wool Shipped
|
Year-on-Year % Change
|
|
|
February
2019
|
July to February
2018/19
|
July to February
2017/20
|
July to February
|
|
By Weight
|
By Value
|
|
China
|
78.3%
|
75.4%
|
79.1%
|
-20.2%
|
-3.5%
|
|
India
|
4.4%
|
6.1%
|
5.2%
|
-2.4%
|
+17.5%
|
|
Italy
|
4.0%
|
5.7%
|
4.4%
|
+8.5%
|
+23.6%
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|
Czech Republic
|
5.3%
|
4.1%
|
5.4%
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-36.5%
|
-20.7%
|
|
Korea
|
2.3%
|
2.6%
|
1.2%
|
+78.2%
|
+117.9%
|
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Malaysia
|
0.5%
|
0.8%
|
1.1%
|
-40.5%
|
-32.8%
|
|
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%
|
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Next Three Sales
Week Number Commencing Selling Centres Bales
46 13 May
2019 Sydney, Melbourne
and Fremantle 33,361
47 20 May
2019 Sydney, Melbourne
and Fremantle 30,336
48 27 May
2019 Sydney, Melbourne
and Fremantle 33,360
© AWIS 2019 (for permission to reprint, in part or whole, please
contact this office)
|
AWIS WOOL
MARKET
REVIEW ARCHIVES
(Week Ending)
|
