AUSTRALIAN WEEKLY MARKET REPORT
Comment
Not much change in the market this week with European interests continue to support high quality superfine wool with Chinese indent and traders supporting a wide range. More emphasis was on the broader microns for China this week. The prolonged wet weather is affecting style and strength with higher levels of colour and cotted wool evident. A timely reminder to classers to pay attention to detail around the classing table for best outcomes for growers.
AWEX Eastern Indicator compared with 26/08/2022
Eastern Indicator
Close: 1342
Change in % unchanged
Authentico Index Values
15 Micron
Close: 3849
Change in %: +0.40
16 Micron
Close: 3438
Change in %: +2.20
17 Micron
Close: 2852
Change in %: -0.03
18 Micron
Close: 2233
Change in %: +0.86
19 Micron
Close: 1798
Change in %: +1.07
Authentico Indicator
Close: 2777
Change in %: +0.76
Forecast
A small sale next week off the back of wool week held in Melbourne this week, will see some pressure on the better fine wool as the Chinese range should be relatively unchanged.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 08 | 14670 | 12831 | 12.5% |
| South | M 08 | 22761 | 19881 | 12.7% |
| West | no sale |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 09 | T – W | 11504 |
| South | M 09 | T – W | 18078 |
| West | F 09 | T – W | 9610 |
If you want to see the complete Wool Sales Roster click here.