A generally quiet week this week with very little change in market conditions. Supply and demand seem fairly balanced at present. The AUD also trading within a very tight range. Two markets emerging with better quality, high yielding & high strength wool attracting keen competition, whilst poorer style and strength attract little confidence in this market climate.
AWEX INDICATOR compared with 25/06/2009
Indicator
Close
Change %
EASTERN
775
-0.26
If you want to learn more about AWEX indicators, visit the official web site http://www.awex.com.au
SCHNEIDER INDICATORS compared with 25/06/2009
Indicator
Close
Change %
SWMI 15 (*)
SWMI 16
1387.1
-0.25
SWMI 17
1172.25
-1.67
SWMI 18
1055.4
-0.11
SWMI 19
901.65
-1.24
(*) Marketed from September to March
Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it's not influenced by currency fluctuations. Wool indicators are anyway based on Australian Dollar.
If you want to learn more about SCHNEIDER indicators click here.
Schneider Indicators charts based on the last 30 days.
Forecast
One week of sales prior to the three week recess. Volumes remain small, demand slow and the AUD again showing little movement. Expect the market to remain motionless.
SELLING CENTRES FOR THE NEXT WEEK 2
Market
Sale
Selling
Offering
NORTH
S02
T/W
16209
SOUTH
M02
T/W
20629
WEST
F02
W
5248
If you want to see the complete Wool Sales Roster click here.