AUSTRALIAN WEEKLY MARKET REPORT

Comment

Better merino wools, while in small supply, continue to sell well in comparison to the general market. Prices fell on Tuesday by around 1 to 1.5% on average, but we felt that the market was much better on Wednesday than what has been reported. Prices opened unchanged on Wednesday and rallied to the highest point of the day in the last hour of sale. The general tendency is for a cheaper market, however the small supply is still helping to limit any significant downward trend.

AWEX Eastern Indicator compared with 26/06/26

Eastern Indicator

Close: 1904

Change in % -2.0

Authentico Index Values

15 Micron

Close: 3172

Change in %: unchanged

16 Micron

Close: 2900

Change in %: -1.5

17 Micron

Close: 2864

Change in %: -0.5

18 Micron

Close: 2747

Change in %: -1.4

19 Micron

Close: 2569

Change in %:  +0.4

Authentico Indicator

Close: 2837

Change in %: -0.8

Forecast

While the general Chinese market is certainly less interested at the moment with confidence falling since reaching the peak a few weeks ago, there will be others that will see this as an opportunity. Nothing other than timing for shipment and delivery requirements has changed and certainly the supply concerns will re-emerge as the season kicks into gear after the mid year recess.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 01	9752	8649	11.3%
South	M 01	16887	14850	12.1%
West	F 01	5620	3307	41.2%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 02	T-W	10939
South	M 02	T-W	16012
West	F 02	T	4632

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