AUSTRALIAN WEEKLY MARKET REPORT

Comment

The week was highlighted by the designated Tasmanian sale. The offering was of mixed quality but included some very stylish fine and superfine wool. There is no doubt that many buyers are focusing on the mulesing status on these speciality types and those clips that were offered with RWS certification attracted very strong and wide spread interest. The market was extremely well supported across all types and descriptions despite the large national offering. Italian interests were more active in the better offering.

AWEX Eastern Indicator compared with 05/02/2021

Eastern Indicator

Close: 1275

Change in % -0.78

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

Authentico Index Values

15 Micron

Close: 3417

Change in %:  +0.2

16 Micron

Close: 2646

Change in %: -0.9

17 Micron

Close: 2289

Change in %: +1.51

18 Micron

Close: 1929

Change in %: +0.73

19 Micron

Close: 1693

Change in %: +2.61

Authentico Indicator

Close: 2306

Change in %: +0.65

Forecast

The volume offered over the past few weeks was expected to ask some questions about the real underlying strength of the market. The market stability, much more than most would have expected, should set the tone for the coming months. While the Chinese market still dominates, there is no doubt more enquiry and buying interest from other origins.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 33                      13507                      11871                12.1%

South                     M 33                     27620                      24016               13.0%

West                       F 33                       8683                        7644                 12.0%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 34                      T – W                          11594

South                     M 34                      T – W – T                    27397

West                       F 34                       T- W                            9986

 

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