AUSTRALIAN WEEKLY MARKET REPORT
The market traded in a narrow range again this week, highlighted by the positive tone at the close on Wednesday. The market was most definitely more keenly contested in the closing stages of Wednesday’s sale and finished strongly in Fremantle. While it’s difficult to measure for a variety of quality variables, the non mulesed selection is again attracting a wider range of competition and certain NM lots are more difficult to buy, pushed by greater competition. Demand is coming from China as well as Europe with a particular focus around 17.0 to 18.0 micron. This strength is reflected in our Authentico Index Values for these micron groups.
AWEX Eastern Indicator compared with 13/11/2020
Change in % -2.52%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -2.99
Change in %: -1.42
Change in %: -0.92
Change in %: +1.22
Change in %: -1.83
Change in %: -0.81
41,000 bales are currently listed for sale next week. M$40 AUD worth of wool was sold to the trade in week 21 so we are seeing a more consistent level of finance coming into the market. According to AWEX reports, first hand offered wool at auction is down just 0.9% compared to the same period last year. This is despite the AWTA figures indicating a much poorer picture with regards to production. AWTA tested bales to end October were down 12% year on year. With the market resurgence since the low period of early September, we remain confident in the medium term.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 21 9148 7550 17.5%
South M 21 18863 15458 18.1%
West F 21 6904 5092 26.2%
Auction offering – next week
Market Sale Sale days Volume
North S 22 T / W 10858
South M 22 T / W 22971
West F 22 T / W 7698
If you want to see the complete Wool Sales Roster click here.