News

Forward wool market trading steadies with auction retraction

Michael Avery, Southern Aurora Markets, June 29, 2018

FORWARD and auction wool markets steadied this week.

However, good opportunities still prevailed on the forwards, with trades on the key 19 and 21 micron indexes.

The 19 micron index traded at solid levels out to October 2019. Growers are able to hedge between 2000 cents and 2050 cents for the New Year.

The 21 micron wools remain in high demand and traded to Christmas. New season prices ranged from 2100-2255 cents. Late winter and early spring were in demand, with August at 2255 cents and September 2205 cents. The October to December interest ranged from 2100-2135 cents, with the market factoring in the current supply squeeze and the lightly impact of demand relief from spot levels.

Anticipated levels next week

19 micron                           21 micron

July                                                     2300 cents                         2250 cents

Aug                                                     2270 cents                         2240 cents

Sept                                                    2200 cents                          2160 cents

Oct                                                      2170 cents                          2135 cents

Nov                                                     2130 cents                         2080 cents

Dec                                                     2090 cents                         2060 cents

Trade summary

July                                                     21 micron            2300 cents                        16 tonnes

August                                                19 micron            2275 cents                            2.5 tonnes

August                                                21 micron            2255 cents                            2 tonnes

September                                        19 micron            2240 cents                            5 tonnes

September                                        21 micron             2190/2205 cents                  9.5 tonnes

October                                             19 micron            2205/2210 cents                  7.5 tonnes

October                                             21 micron            2135 cents                            6 tonnes

November                                         21 micron             2100 cents                            7 tonnes

December                                         21 micron            2100 cents                            7 tonnes

January 2019                                    18 micron            2330 cents                            5 tonnes

February 2019                                  19 micron            2120 cents                            2.5 tonnes

March 2019                                      18 micron            2300 cents                            2.5 tonnes

June 2019                                          19 micron            2000 cents                          10 tonnes

July 2019                                           19 micron             2050 cents                            2 tonnes

Aug 2019                                           19 micron             2000 cents                        3 tonnes

Oct 2019                                            19 micron            2000 cents                        3 tonnes

Total 93.5 tonnes

HAVE YOUR SAY

Your email address will not be published.

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Sheep Central's news headlines emailed to you -
FREE!