IMPORTANT NOTICE:

 

 

AWIS WOOL MARKET REVIEW

Week Ending 17 January 2020 (Week 29).

The AWEX EMI finished 51˘ higher (+3.3%) in Australian currency and 44˘ higher (+4.1%) in US currency at sales in Sydney, Melbourne and Fremantle in Week 29.

52,261 bales were on offer nationally, compared with 34,776 bales last sale.  It was the largest sale so far this season.  10.5% of the offering was passed in after 4.4% of the potential offering was withdrawn prior to sale.

AWEX reports that the value of the wool sold was $81.0 million ($1,731 per bale), taking the season total to $1.116 billion ($1,719 per bale).  The number of bales sold at auction this season is now 12.1% less than in 2018/19.

Day-to-Day and Sale-to-Sale Changes in AWEX Regional Indicators (Week 29)

Centre

Last Sale

Day-to-Day Changes (Week 29)

Sale-to-Sale

Closing

Sale-to-Sale Changes

 

Week

Indicator

Tuesday

Wednesday

Thursday

Change

Indicator

US ˘

Euro ˘

Eastern

25

1558

+79

+6

-34

+51 (+3.3%)

1609

+44

+39

Northern

25

1599

+81

-2

No Sale

+79 (+4.9%)

1678

+64

+56

Southern

25

1533

+77

+10

-54

+33 (+2.2%)

1566

+33

+27

Western

25

1671

No Sale

+48

-32

+16 (+1.0%)

1687

+21

+17

The market carried on from the strong finish seen prior to Christmas when the EMI moved up from the start of selling on Tuesday and finished the day up by another 79˘.  This was followed by a relatively unchanged market in the East on Wednesday, and by falls on Thursday.

The changes in the market were reflected in increases in both the Withdrawn and Passed-In Rates as the week progressed.

Attempts to analyse the individual price movements is more difficult this week given the different movements on different days; and not all centres sold on the same days.  Overall, the Merinos did best, based on a strong selling day on Tuesday.  Crossbreds did less well; particularly due to sharp falls on Thursday when 27.6% of the offering was passed in.

The US Exchange Rate finished 0.61˘ (0.9%) higher to close at 69.07˘ on Thursday.

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

Looking ahead, offerings for the coming three sales are expected to range from 38,025 bales to 59,890 bales and to be 17.0% more than in the same period last year.  The forecast progressive difference to Week 32 is -8.5%.

The 59,890 bales forecast for Week 30 will be the biggest sale of the season unless a large number of bales are withdrawn in response to Thursday’s fall in the market.

Next Saturday 25 January is Chinese New Year.

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

No 22.0µ MPG

No 22.0µ MPG

No 22.0µ MPG

No 22.0µ MPG

No 22.0µ MPG

 

Market Indicator

Changes From

 

Four Sales Ago
Week 22

Start of
the Season

Week 29
Last Year

Season Average to
Week 29 Last Year

Eastern Market Indicator

+79  (+5.2%)

-130  (-7.5%)

-314  (-16.3%)

-407  (-20.8%)

Western Market Indicator

+47  (+2.9%)

-194  (-10.3%)

-418  (-19.9%)

-457  (-21.7%)

 

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 ˘

+107

+93

+77

+67

+73

+28

+25

+22

+10

 

 

 

Change %

+5.2%

+4.7%

+4.0%

+3.6%

+4.0%

+1.6%

+1.4%

+1.2%

+0.6%

 

 

 

Since Start of the Season

 

 

 

 

 

 

 

 

 

 

Change ˘

+13

-54

-113

-165

-165

-211

-222

-227

-238

 

 

 

Change %

+0.6%

-2.5%

-5.3%

-7.8%

-8.0%

-10.4%

-10.9%

-11.2%

-11.8%

 

 

 

Since Same Week Last Year

 

 

 

 

 

 

 

 

 

 

Change ˘

-356

-426

-477

-471

-444

-465

-459

-446

-444

 

 

 

Change %

-14.1%

-16.9%

-19.1%

-19.4%

-19.0%

-20.3%

-20.2%

-19.8%

-19.9%

 

 

 

 

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 ˘

 

+2

-48

-18

 

+41

Change %

 

+0.2%

-5.3%

-2.5%

 

+3.8%

Since Start of the Season

 

 

 

 

Change ˘

 

-170

-179

-154

 

+124

Change %

 

-12.6%

-17.1%

-18.2%

 

+12.6%

Since Same Week Last Year

 

 

 

 

Change ˘

 

-166

-82

-35

 

-69

Change %

 

-12.4%

-8.6%

-4.8%

 

-5.8%

MC   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 November 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

9,339

11,086

3.7%

2.2%

6.9%

10,673

 

-32,308

-13.1%

-16.6%

South

18,517

27,393

8.4%

2.7%

6.3%

25,087

 

-64,888

-14.3%

-17.6%

West

6,920

13,782

20.0%

9.1%

12.8%

11,029

 

-7,361

-4.5%

-11.1%

Australia

34,776

52,261

10.5%

4.4%

8.2%

46,789

 

-104,557

-12.1%

-16.1%

 

Next Sale Offerings and Year-on-Year Differences

Centre

Week 30

Week 31

Week 32

Differences

North

15,985

10,800

9,700

+22.1%

South

30,297

23,663

20,125

+18.8%

West

13,608

8,600

8,200

+7.7%

New Zealand

 

 

 

 

Australia

59,890

43,063

38,025

140,978

Differences

+43.4%

+10.9%

-4.7%

+17.0%

 

 

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

68.46

+0.27

+0.41

-0.12

-0.03

+0.08

+0.61  (+0.9%)

69.07

67.17

70.36

Euro

61.50

+0.37

+0.26

-0.16

-0.01

-0.02

+0.44  (+0.7%)

61.94

60.42

62.48

 

Country

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

Year-on-Year % Change

 

November
2019

July to November
2019/20

July to November
2018/19

July to November

By Weight

By Value

China

80.5%

77.0%

74.0%

-12.3%

-32.8%

Italy

3.8%

6.0%

6.4%

-20.9%

-37.6%

India

6.6%

5.8%

7.1%

-30.8%

-45.2%

Czech Republic

2.8%

3.1%

3.8%

-30.4%

-47.7%

Korea

1.7%

2.0%

2.8%

-40.0%

-50.7%

Egypt

0.4%

1.4%

1.0%

+19.9%

-6.5%

Thailand

0.8%

0.9%

1.2%

-32.6%

-51.6%

Taiwania

0.9%

0.6%

0.8%

-32.1%

-52.9%

Change all Countries

 

 

 

-15.8%

-35.1%

 

Next Three Sales

Week Number           Commencing                             Selling Centres                                Bales

30                   20 January 2020                Sydney, Melbourne and Fremantle                  59,890

31                   27 January 2020                Sydney, Melbourne and Fremantle                  43,063

32                   3 February 2020                Sydney, Melbourne and Fremantle                  38,025

© AWIS 2020 (for permission to reprint, in part or whole, please contact this office)

 

 

AWIS WOOL MARKET

REVIEW ARCHIVES

(Week Ending)

17 January 2020

13 December 2019

6 December 2019

29 November 2019

22 November 2019

15 November 2019

8 November 2019

1 November 2019

25 October 2019

18 October 2019

11 October 2019

4 October 2019

27 September 2019

20 September 2019

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

Market Review Archives

2018 -1999

Top of page

Copyright © 2001-2018 AWIS All rights reserved  *  Contact Webmaster  *  Last updated: 16 March 2017