AUSTRALIAN WEEKLY MARKET REPORT
Comment
What a difference a week can make. All types and descriptions rebounded and closed dearer for the first time in a few sales. While the whole general market was up, it’s the best fine wool selection that is of most interest to us. These types from 15.5 to 18.0 micron are in small supply and very keenly sought after. In fact, they didn’t drop last week when the general market did and then strengthened from that basis this week. We believe that some will be surprised with the level and magnitude of the reduction in the supply of quality fine wool that will run out quicker than many anticipate. It’s certainly a different playing field in terms of the supply. The market for 17.5 micron was the most interesting yesterday. Prices increased as the day progressed. The season has improved and we will surely see less fine wool in general on the market.
Some traders and topmakers sat cautiously early on each sale day only to enter the market later on each day as it became more evident that prices were increasing.
AWEX Eastern Indicator compared with 21/08/26
Eastern Indicator
Close: 1853
Change in % +2.2
Authentico Index Values
15 Micron
Close: 3153
Change in %: +1.9
16 Micron
Close: 2947
Change in %: +3.6
17 Micron
Close: 2846
Change in %: +2.2
18 Micron
Close: 2722
Change in %: +1.6
19 Micron
Close: 2498
Change in %: +2.4
Authentico Indicator
Close: 2824
Change in %: +2.3
Forecast
Only 26,000 bales will be offered next week giving further fuel to the belief that the shortage in greasy wool will not ease in the coming weeks or months. There seems little doubt that this market is primarily driven by supply concerns and a shortage of wool.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 09 | 9412 | 9299 | 1.2% |
| South | M 09 | 12421 | 12146 | 2.2% |
| West | F 09 | 1818 | 1740 | 4.3% |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 10 | T / W | 7558 |
| South | M 10 | T / W | 14279 |
| West | F 10 | T | 4163 |
If you want to see the complete Wool Sales Roster click here.