|
AWIS WOOL MARKET
REVIEW
Week Ending 21
February 2020 (Week 34)
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The
AWEX EMI finished 13¢ higher (+0.8%) in Australian currency and 3¢ lower
(-0.3%) in US currency at sales in Sydney, Melbourne and Fremantle in Week
34.
The
fall in the $A helped. However, it was
a good week for the wool market at a time of ongoing uncertainty.
39,018
bales were on offer nationally, compared with 40,176 bales last sale. 11.3% of the offering was passed in after
7.5% of the potential offering was withdrawn prior to sale.
AWEX
reports that the value of the wool sold was $61.3 million ($1,771 per bale),
taking the season total to $1.386 billion ($1,710 per bale). The number of bales sold at auction this
season is now 16.5% less than in 2018/19.
The
New Zealand Merino Company also offered 1,873 bales in Melbourne on Tuesday,
of which 10.3% were passed in.
|
Day-to-Day and
Sale-to-Sale Changes in AWEX Regional Indicators (Week 34)
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|
Centre
|
Last Sale
|
Day-to-Day
Changes (Week 34)
|
Sale-to-Sale
|
Closing
|
Sale-to-Sale
Changes
|
|
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Week
|
Indicator
|
Tuesday
|
Wednesday
|
Thursday
|
Change
|
Indicator
|
US ¢
|
Euro ¢
|
|
Eastern
|
33
|
1568
|
No Sale
|
+6
|
+7
|
+13 (+0.8%)
|
1581
|
-3
|
+5
|
|
Northern
|
33
|
1604
|
No Sale
|
+8
|
+6
|
+14 (+0.9%)
|
1618
|
-2
|
+4
|
|
Southern
|
33
|
1546
|
NZM only
|
+4
|
+8
|
+12 (+0.8%)
|
1558
|
-3
|
+3
|
|
Western
|
33
|
1667
|
No Sale
|
+20
|
+23
|
+43 (+2.6%)
|
1710
|
+17
|
+22
|
There was
good competition that led to gains across all AWEX Merino, and the 26 and 28
Micron crossbred, Price Guides on both Wednesday and Thursday.
The US
Exchange Rate finished 0.69¢ (-1.0%) lower to close at 66.50¢ on Thursday, after
further speculation about another cut in interest rates. It is now at its lowest closing level for
the season and under 67¢ for the first time.
Buyers
for China were dominant, with support from buyers for China, Europe and
India.
In
other countries, the South African Cape Wools Indicator was up by 2.0% since
last week against a 1.2% depreciation of the Rand against the US Dollar and a
0.4% depreciation against the Euro.
Looking
ahead, offerings for the coming three sales are expected to range from 34,933
bales to 44,091 bales and to be 14.7% less than in the same period last
year. The forecast progressive
difference to Week 37 is -10.7%.
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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
|
94¢
|
174¢
|
244¢
|
289¢
|
380¢
|
|
Market Indicator
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Changes From
|
|
|
Four Sales Ago
Week 30
|
Start of
the Season
|
Week 34
Last Year
|
Season Average to
Week 34 Last Year
|
|
Eastern Market Indicator
|
+5 (+0.3%)
|
-158 (-9.1%)
|
-446 (-22.0%)
|
-404 (-20.6%)
|
|
Western Market Indicator
|
+25 (+1.5%)
|
-171 (-9.1%)
|
-451 (-20.9%)
|
-451 (-21.4%)
|
|
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
|
|
Since Last Sale
|
|
|
|
|
|
|
|
|
|
|
|
Change ¢
|
+19
|
+24
|
+26
|
+16
|
+21
|
+23
|
+25
|
+24
|
+33
|
|
|
|
|
Change %
|
+0.9%
|
+1.2%
|
+1.3%
|
+0.8%
|
+1.1%
|
+1.3%
|
+1.4%
|
+1.3%
|
+1.9%
|
|
|
|
|
Since Start of
the Season
|
|
|
|
|
|
|
|
|
|
|
|
Change ¢
|
+3
|
-64
|
-115
|
-163
|
-175
|
-196
|
-204
|
-217
|
-229
|
-245
|
|
|
|
Change %
|
+0.1%
|
-3.0%
|
-5.4%
|
-7.7%
|
-8.5%
|
-9.6%
|
-10.0%
|
-10.7%
|
-11.3%
|
-12.0%
|
|
|
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Since Same Week
Last Year
|
|
|
|
|
|
|
|
|
|
|
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Change ¢
|
-461
|
-505
|
-533
|
-557
|
-539
|
-543
|
-542
|
-548
|
-544
|
-517
|
|
|
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Change %
|
-17.5%
|
-19.5%
|
-20.9%
|
-22.2%
|
-22.3%
|
-22.8%
|
-22.9%
|
-23.2%
|
-23.3%
|
-22.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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 ¢
|
|
+7
|
+23
|
-3
|
-7
|
+1
|
|
Change %
|
|
+0.6%
|
+2.7%
|
-0.5%
|
-1.7%
|
+0.1%
|
|
Since Start of
the Season
|
|
|
|
|
|
Change ¢
|
|
-196
|
-157
|
-190
|
-181
|
+139
|
|
Change %
|
|
-14.6%
|
-15.0%
|
-22.4%
|
-30.7%
|
+14.1%
|
|
Since Same Week
Last Year
|
|
|
|
|
|
Change ¢
|
|
-269
|
-261
|
-321
|
-168
|
-65
|
|
Change %
|
|
-19.0%
|
-22.7%
|
-32.8%
|
-29.2%
|
-5.5%
|
|
MC Average Merino Cardings Price Guide
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|
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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 December 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
|
7,922
|
7,793
|
7.0%
|
4.0%
|
13.8%
|
7,245
|
|
-30,918
|
-10.5%
|
-14.2%
|
|
South
|
21,474
|
18,983
|
12.3%
|
9.7%
|
10.6%
|
16,647
|
|
-73,898
|
-13.1%
|
-16.1%
|
|
West
|
10,780
|
12,242
|
12.5%
|
6.2%
|
13.0%
|
10,715
|
|
-4,233
|
-2.0%
|
-7.5%
|
|
Australia
|
40,176
|
39,018
|
11.3%
|
7.5%
|
12.0%
|
34,607
|
|
-109,049
|
-10.2%
|
-13.9%
|
|
Next
Sale Offerings and Year-on-Year Differences
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|
Centre
|
Week 35
|
Week 36
|
Week 37
|
Differences
|
|
North
|
11,188
|
7,796
|
8,630
|
-12.8%
|
|
South
|
21,754
|
18,385
|
18,925
|
-19.4%
|
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West
|
11,149
|
8,752
|
8,400
|
-5.4%
|
|
New Zealand
|
|
|
|
|
|
Australia
|
44,091
|
34,933
|
35,955
|
114,979
|
|
Differences
|
-9.9%
|
-22.6%
|
-11.8%
|
-14.7%
|
|
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
|
67.19
|
0.00
|
+0.06
|
-0.33
|
+0.04
|
-0.46
|
-0.69 (-1.0%)
|
66.50
|
66.50
|
70.36
|
|
Euro
|
61.82
|
+0.20
|
+0.03
|
-0.26
|
+0.22
|
-0.43
|
-0.24 (-0.4%)
|
61.58
|
60.42
|
62.48
|
|
Country
|
% Share of Australia’s Wool Exports by Weight of Wool Shipped
|
Year-on-Year % Change
|
|
|
December
2019
|
July to December
2019/20
|
July to December
2018/19
|
July to December
|
|
By Weight
|
By Value
|
|
China
|
76.1%
|
76.8%
|
74.7%
|
-12.9%
|
-32.4%
|
|
India
|
7.6%
|
6.2%
|
6.7%
|
-22.2%
|
-37.0%
|
|
Italy
|
5.1%
|
5.8%
|
6.1%
|
-19.3%
|
-37.0%
|
|
Czech Republic
|
3.0%
|
3.1%
|
3.8%
|
-30.2%
|
-48.6%
|
|
Korea
|
2.5%
|
2.1%
|
3.0%
|
-35.6%
|
-46.8%
|
|
Egypt
|
1.1%
|
1.3%
|
0.9%
|
+21.9%
|
-5.2%
|
|
Thailand
|
1.0%
|
0.9%
|
1.1%
|
-25.4%
|
-47.5%
|
|
Taiwan
|
0.8%
|
0.6%
|
0.8%
|
-28.2%
|
-49.8%
|
|
Change all Countries
|
|
|
|
-15.4%
|
-34.1%
|
|
|
|
Next Three Sales
Week Number Commencing Selling Centres Bales
35 24 February
2020 Sydney, Melbourne and
Fremantle 44,091
36 2 March
2020 Sydney, Melbourne
and Fremantle 34,933
37 9 March
2020 Sydney, Melbourne
and Fremantle 35,955
© AWIS 2020 (for permission to reprint, in part or whole, please
contact this office)
|
AWIS WOOL
MARKET
REVIEW ARCHIVES
(Week Ending)
|
