AUSTRALIAN WEEKLY MARKET REPORT

Comment

There was not much change this week. Better types are still in limited supply and attracting keen buyer support. Of particular note was the keener activity on the few better 16.5 to 18.0 micron fleece lines. They were getting the usual support from Italy but also from topmakers who need the better specification for presumably Italian customers. Supply is so limited, that in the short term, we see little room for this trend to change. Not until we see wools coming in from the new season in August, will we gain a clearer picture of supply and demand for fine and superfine wool.

AWEX Eastern Indicator compared with 27/05/2022

Eastern Indicator

Close: 1414

Change in % -0.42

Authentico Index Values

15 Micron

Close: 4063

Change in %: +0.89

16 Micron

Close: 3374

Change in %: -1.60

17 Micron

Close: 2944

Change in %: -0.74

18 Micron

Close: 2379

Change in %: +1.02

19 Micron

Close: 1867

Change in %:  +0.1

Authentico Indicator

Close: 2874

Change in %: +0.1

Forecast

The market appears to be in a little of a ‘holding pattern’. With little market movement, volumes are limited, quality is generally poor and traders of the opinion that demand is ok, but a little slower. Cash flow remains tight and shipping schedules are still a concern, including access to the local dumps for containerization. Not a lot of positive news, but still the market holds firm. Companies with machinery, the topmakers, scourers and carbonisers were the dominant buyers this week. Perhaps seeing an opportunity while the larger trading companies were a little quieter. There is no sale in Fremantle next week so focus will be on Sydney and Melbourne sales only.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 48	8453	7205	14.8%
South	M 48	20059	17669	11.9%
West	F 48	6360	5418	14.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 49	T-W	12596
South	M 49	T-W	20499
West	F 49	no sale

If you want to see the complete Wool Sales Roster click here.