AUSTRALIAN WEEKLY MARKET REPORT

Comment

The Australian wool market settled this week with best style/strength wool in keen demand, whilst lower style/strength was irregular. Fine wool is still a main focus from all sectors, particularly 16 micron and finer is where we see the most positive gains. Knitting types remain strong and well supported for first half 2021 delivery. Chinese indent buying remains strong, with interest coming from Europe and India is encouraging. The current A$ level seems to be a comfortable for trading at present as we hope for some stability in the coming weeks. Good offerings of fine wool to come in WK33 and WK34 which may showcase some of the best wool for the season.

AWEX Eastern Indicator compared with 29/01/2021

Eastern Indicator

Close: 1285

Change in % -0.46%

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 3410

Change in %:  +0.65

16 Micron

Close: 2670

Change in %: +0.56

17 Micron

Close: 2255

Change in %: +0.00

18 Micron

Close: 1915

Change in %: -1.33

19 Micron

Close: 1650

Change in %: -2.19

Authentico Indicator

Close: 2291

Change in %: -0.26

Forecast

The negative impact from last week close in Fremantle was absorbed this week with good activity across all sectors of the market. The larger offerings seem to meet market demand with a passion for fine wool less than 16 micron and an oversold short wool market of scouring, carbonizing and knitting types. Wk33 & Wk34 see a continued offering of very stylish fine wool types which the market seems to have a genuine desire for. These weeks could provide the last opportunity for brand partners to satisfy any quantity of the highest quality the market has to offer.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 32                      12916                        11742              9.1%

South                     M 32                     22607                       20511              9.3%

West                       F 32                       9603                         8671               9.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 33                      T – W                          13557

South                     M 33                      T – W – T                    30595

West                       F 33                       T- W                            8730

 

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