Every week, Quality Wool Managing Director Mark Dyson brings you his summary of the week in wool.


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30 January 2020 - FROM THE ARCHIVES

Global uncertainty causes market drop

Global health concerns caused by the outbreak of the coronavirus and subsequent buyer uncertainty heavily impacted the Australian wool market in Week 31.

Price reductions were immediately apparent as markets opened on the East coast, with finer microns losing 80 ‑ 100 cents on the previous sale.

Individual Micron Price Guides (MPGs) across the country had fallen 29 ‑ 131 cents by the end of day one, with 18.0 micron and finer recording the largest losses.

The Eastern Market Indicator (EMI) lost 56 cents for the day, the largest daily fall in the EMI since August last year, and the sharp drop in prices saw the national fleece passed in rate spike to 48.8%.

Many sellers were also prompted to withdraw their wool from sale, with 25% of the fleece catalogue withdrawn nationally prior to sale.

The reduction in quantity put extra pressure on the lots remaining, which in turn sparked a recovery as the market started to rally on the second selling day, recouping some of the losses experienced on the previous day.

The MPGs in all three centres added 15 ‑ 65 cents, finishing the series on a positive note.

The EMI added 28 cents for the day but still finished in negative territory for the week, falling by 28 cents to close at 1,548 cents per kilogram clean.

The skirtings travelled a very similar path to the fleece, with large losses on the first day followed by positive movements on the second, resulting in overall losses of 30 ‑ 50 cents.

Next week’s national offering is currently 35,849 bales, with selling in all three centres.

Archive

Selling Roster

July 2019 to June 2020

M1

Week Commencing
1.07.19

Proceeds Due
12.07.19

M2

Week Commencing
8.07.19

Proceeds Due
19.07.19

Sale Recess

Week Commencing
15.07.19

Sale Recess

Week Commencing
22.07.19

Sale Recess

Week Commencing
29.07.19

M6

Week Commencing
5.08.19

Proceeds Due
16.08.19

M7

Week Commencing
12.08.19

Proceeds Due
23.08.19

M8

Week Commencing
19.08.19

Proceeds Due
30.08.19

M9

Week Commencing
26.08.19

Proceeds Due
6.09.19

M10

Week Commencing
2.09.19

Proceeds Due
13.09.19

M11

Week Commencing
9.09.19

Proceeds Due
20.09.19

M12

Week Commencing
16.09.19

Proceeds Due
27.09.19

M13

Week Commencing
23.09.19

Proceeds Due
4.10.19

M14

Week Commencing
30.09.19

Proceeds Due
11.10.19

M15

Week Commencing
7.10.19

Proceeds Due
18.10.19

M16

Week Commencing
14.10.19

Proceeds Due
25.10.19

M17

Week Commencing
21.10.19

Proceeds Due
1.11.19

M18

Week Commencing
28.10.19

Proceeds Due
8.11.19

M19

Week Commencing
4.11.19

Proceeds Due
15.11.19

M20

Week Commencing
11.11.19

Proceeds Due
22.11.19

M21

Week Commencing
18.11.19

Proceeds Due
29.11.19

M22

Week Commencing
25.11.19

Proceeds Due
6.12.19

M23

Week Commencing
2.12.19

Proceeds Due
13.12.19

M24

Week Commencing
9.12.19

Proceeds Due
20.12.19

M25

Week Commencing
16.12.19

Proceeds Due
27.12.19

Sale Recess

Week Commencing
23.12.19

Sale Recess

Week Commencing
30.12.19

Sale Recess

Week Commencing
6.01.20

M29

Week Commencing
13.01.20

Proceeds Due
24.01.20

M30

Week Commencing
20.01.20

Proceeds Due
31.01.20

M31

Week Commencing
27.01.20

Proceeds Due
7.02.20

M32

Week Commencing
3.02.20

Proceeds Due
14.02.20

M33

Week Commencing
10.02.20

Proceeds Due
21.02.20

M34

Week Commencing
17.02.20

Proceeds Due
28.02.20

M35

Week Commencing
24.02.20

Proceeds Due
6.03.20

M36

Week Commencing
2.03.20

Proceeds Due
13.03.20

M37

Week Commencing
9.03.20

Proceeds Due
20.03.20

M38

Week Commencing
16.03.20

Proceeds Due
27.03.20

M39

Week Commencing
23.03.20

Proceeds Due
3.04.20

M40

Week Commencing
30.03.20

Proceeds Due
9.04.20

M41

Week Commencing
6.04.20

Proceeds Due
17.04.20

Sale Recess

Week Commencing
13.04.20

M43

Week Commencing
20.04.20

Proceeds Due
1.05.20

M44

Week Commencing
27.04.20

Proceeds Due
8.05.20

M45

Week Commencing
4.05.20

Proceeds Due
15.05.20

M46

Week Commencing
11.05.20

Proceeds Due
22.05.20

M47

Week Commencing
18.05.20

Proceeds Due
29.05.20

M48

Week Commencing
25.05.20

Proceeds Due
5.06.20

M49

Week Commencing
1.06.20

Proceeds Due
12.06.20

M50

Week Commencing
8.06.20

Proceeds Due
19.06.20

M51

Week Commencing
15.06.20

Proceeds Due
26.06.20

M52

Week Commencing
22.06.20

Proceeds Due
3.07.20

Classers Specification

Wool classers can let us know the details of the wool that they want us to sell by filling out our Classers Specification PDF form.

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