AUSTRALIAN WEEKLY MARKET REPORT
It was another positive week for the wool market. There appears to be more sectors active at the moment. There remains keener interest in the better lots and while difficult to measure in premiums, we continue to see more demand at auction for NM lots with certain good specifications. While prices settled a little on Tuesday, the relatively small movement, on recent standards, did lead to more confidence leading into Wednesday’s sale. No doubt some timing advantage with any requirement for pre-New Year shipment required to be bought now did help the market.
AWEX Eastern Indicator compared with 27/11/2020
Change in % -0.52%
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +1.71
Change in %: +1.65
Change in %: +1.64
Change in %: -0.58
Change in %: +1.33
Change in %: +1.54
While 41,000 bales were initially rostered for sale this week, only 36,000 bales were eventually offered and another 10% passed in. This is helping to ensure some stability. Another 41,000 bales are rostered for sale next week with the potential for less being available come sale day. There is no sale in South Africa and the merinos from New Zealand are coming toward the end of the season. Crossbred types have fallen a little from favour but they too remained firm on Wednesday. The Australian dollar is continuing to strengthen against the USD and this will be closely monitored by traders leading into Tuesday’s sale.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 23 8920 8054 9.7%
South M 23 20379 18256 10.4%
West F 23 6687 6013 10.1%
Auction offering – next week
Market Sale Sale days Volume
North S 24 T / W 10301
South M 24 T / W 24408
West F 24 T / W 7118
If you want to see the complete Wool Sales Roster click here.