|
AWIS WOOL MARKET
REVIEW
Week Ending 5
July 2019 (Week 01)
|
The AWEX EMI finished 8˘ higher
(+0.5%) in Australian currency and 13˘ higher (+1.1%) in US currency at the
first sale of the new season in Sydney, Melbourne and Fremantle this week.
This was the first lift in the EMI
since Week 48 when the EMI rose from 1833˘ to 1887˘.
30,991 bales were on offer nationally,
compared with 29,167 bales last sale.
6.4% of the offering was passed in.
AWEX reports that the value of the
wool sold was $53.9 million ($1,858 per bale), taking the season total to
$53.9 million. Last season’s average
was $2,140 per bale.
|
Day-to-Day and
Sale-to-Sale Changes in AWEX Regional Indicators (Week 01)
|
|
Centre
|
Last Sale
|
Day-to-Day
Changes (Week 01)
|
Sale-to-Sale
|
Closing
|
Sale-to-Sale
Changes
|
|
|
Week
|
Indicator
|
Tuesday
|
Wednesday
|
Thursday
|
Change
|
Indicator
|
US ˘
|
Euro ˘
|
|
Eastern
|
52
|
1715
|
No Sale
|
-5
|
+13
|
+8 (+0.5%)
|
1723
|
+13
|
+18
|
|
Northern
|
52
|
1731
|
No Sale
|
-2
|
+9
|
+7 (+0.4%)
|
1738
|
+13
|
+18
|
|
Southern
|
52
|
1705
|
No Sale
|
-7
|
+15
|
+8 (+0.5%)
|
1713
|
+13
|
+18
|
|
Western
|
52
|
1832
|
No Sale
|
+16
|
+19
|
+35 (+1.9%)
|
1867
|
+33
|
+36
|
The market was much more settled on
Wednesday, prior to firming on Thursday.
All Merino MPGs finished in positive territory, while crossbreds had a
more mixed week. Oddments also had
mixed week, before the AWEX average Merino Cardings Index finished 4˘ up for
the week. There was an expectation in
the trade of a better week after the recent falls.
The US Exchange Rate finished 0.44˘
(0.6%) higher to close at 70.36˘ on Thursday. The US Exchange rate was
boosted by good overall Australian export data; and was probably assisted by
a week without all the rhetoric that took place in the lead-up to, and
during, the G20 Meeting in Japan
Buyers for China were dominant, with
support from buyers for Europe and India.
Looking ahead, the offering for the
coming sale (the last before the three week mid-year break) is expected to be
34,831 bales and to be 14.1% less than in the same period last 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 49
|
Start of
the Season
|
Week 01
Last Year
|
Season Average to
Week 01 Last Year
|
|
Eastern Market Indicator
|
-141 (-7.6%)
|
0 (0.0%)
|
-271 (-13.6%)
|
-271 (-13.6%)
|
|
Western Market Indicator
|
No Sale
|
0 (0.0%)
|
-287 (-13.3%)
|
-287 (-13.3%)
|
|
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 ˘
|
|
+35
|
+16
|
+24
|
+23
|
+32
|
+27
|
+30
|
+29
|
|
|
|
|
Change %
|
|
+1.7%
|
+0.8%
|
+1.2%
|
+1.1%
|
+1.6%
|
+1.4%
|
+1.5%
|
+1.5%
|
|
|
|
|
Since Start of
the Season
|
|
|
|
|
|
|
|
|
|
|
|
Change ˘
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
Change %
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
|
|
|
|
Since Same Week
Last Year
|
|
|
|
|
|
|
|
|
|
|
|
Change ˘
|
-867
|
-676
|
-502
|
-339
|
-290
|
-259
|
-251
|
-244
|
-242
|
|
|
|
|
Change %
|
-28.8%
|
-24.1%
|
-19.2%
|
-13.9%
|
-12.4%
|
-11.3%
|
-11.0%
|
-10.8%
|
-10.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 ˘
|
|
|
-16
|
+4
|
|
+4
|
|
Change %
|
|
|
-1.5%
|
+0.5%
|
|
+0.4%
|
|
Since Start of
the Season
|
|
|
|
|
|
Change ˘
|
|
0
|
0
|
0
|
0
|
0
|
|
Change %
|
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
|
Since Same Week
Last Year
|
|
|
|
|
|
Change ˘
|
|
|
+67
|
+165
|
+141
|
-514
|
|
Change %
|
|
|
+6.9%
|
+24.6%
|
+31.5%
|
-34.7%
|
|
# 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 October 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
|
7,859
|
12,368
|
4.3%
|
6.8%
|
4.8%
|
11,836
|
|
-3,362
|
-21.4%
|
-23.9%
|
|
South
|
14,995
|
10,965
|
6.7%
|
7.5%
|
8.7%
|
10,231
|
|
-8,251
|
-42.9%
|
-47.2%
|
|
West
|
6,313
|
7,658
|
9.3%
|
11.9%
|
8.1%
|
6,944
|
|
-1,276
|
-14.3%
|
-18.6%
|
|
Australia
|
29,167
|
30,991
|
6.4%
|
8.4%
|
7.0%
|
29,011
|
|
-12,889
|
-29.4%
|
-33.1%
|
|
Next
Sale Offerings and Year-on-Year Differences
|
|
Centre
|
Week 02
|
Week 03
|
Week 04
|
Differences
|
|
North
|
11,944
|
No Sale
|
No Sale
|
-17.5%
|
|
South
|
17,681
|
No Sale
|
No Sale
|
-19.7%
|
|
West
|
5,206
|
No Sale
|
No Sale
|
+28.6%
|
|
New
Zealand
|
|
|
|
|
|
Australia
|
34,831
|
|
|
34,831
|
|
Differences
|
-14.1%
|
|
|
-14.1%
|
|
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
|
69.92
|
+0.21
|
-0.19
|
-0.15
|
+0.19
|
+0.38
|
+0.44 (+0.6%)
|
70.36
|
70.36
|
70.36
|
|
Euro
|
61.57
|
+0.14
|
+0.03
|
+0.06
|
+0.18
|
+0.38
|
+0.79 (+1.3%)
|
62.36
|
62.36
|
62.36
|
|
Country
|
% Share of Australia’s Wool Exports by Weight of Wool Shipped
|
Year-on-Year % Change
|
|
|
May
2019
|
July to May
2018/19
|
July to May
2017/20
|
July to May
|
|
By Weight
|
By Value
|
|
China
|
82.0%
|
77.7%
|
78.7%
|
-14.0%
|
-0.1%
|
|
India
|
4.8%
|
5.8%
|
5.6%
|
-9.9%
|
+3.9%
|
|
Italy
|
2.8%
|
4.8%
|
4.2%
|
-1.1%
|
+9.6%
|
|
Czech Republic
|
3.2%
|
3.6%
|
5.3%
|
-41.2%
|
-31.3%
|
|
Korea
|
2.4%
|
2.5%
|
1.5%
|
+44.0%
|
+57.9%
|
|
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
02 8
July 2019 Sydney,
Melbourne and Fremantle 34,831
03 15
July 2019 In
Recess
04 22
July 2019 In
Recess
© AWIS 2019 (for permission to reprint, in part or whole, please
contact this office)
|
AWIS WOOL
MARKET
REVIEW ARCHIVES
(Week Ending)
|
