AUSTRALIAN WEEKLY MARKET REPORT

Comment

It was a week of consolidation this week with more modest movements in the market when compared to recent sales. The Australian dollar eased a little and this resulted in a lower EMI in US value. For our particular business, the most keenly sought after types continue to be best style and specification 17.0 to 18.5 micron where Italian and Chinese companies are competing strongly on the small supply. Light fault, higher yielding wools continue to attract the most attention of the buyers.

AWEX Eastern Indicator compared with 05/06/26

Eastern Indicator

Close: 1979

Change in % +0.8

Authentico Index Values

15 Micron

Close: 3215

Change in %: unchanged

16 Micron

Close: 3007

Change in %: +0.6

17 Micron

Close: 2930

Change in %: +1.1

18 Micron

Close: 2862

Change in %: +1.9

19 Micron

Close: 2668

Change in %:  +1.1

Authentico Indicator

Close: 2927

Change in %: +1.1

Forecast

It’s been interesting to see the total dominance of the Chinese market over recent months. They have been sourcing not only the Australian wool clip but also wool from all other origins of the world. The IWTO conference will be held in China in the coming weeks. Some trading companies will be in attendance, and it will be interesting to have some news about the general feeling going forward from the Chinese sector. Greasy wool stocks have been low and purchases for the next season should almost be at the end before decisions are to be made for the next season based on current wool prices. This will be important, but it might be a few months before a clearer picture is available. Supply remains at very low levels.

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Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 50	5885	5786	1.7%
South	M 50	14815	14347	3.2%
West	F 50	4962	4690	5.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 51	T – W	7701
South	M 51	T – W	14019
West	F 51	no sale

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