AUSTRALIAN WEEKLY MARKET REPORT
The wool market closed the week in positive territory with good activity on high quality, low vm fleece and skirting wool which was in keen demand. Good demand from local processors in China again activated the market at the close. We are hearing of quiet optimism starting to emerge out of Europe which is very encouraging. The Authentico indicators bounced around a bit throughout the week, closing in positive territory 2% above last week with the focus clearly on NM/CM. A small volume of RWS accredited wool was sold with healthy incentives to the Chinese sector. Despite the A$ being 19% higher than this time last year we still see a healthy market due to Chinese participation during the first and second quarters of this year.
AWEX Eastern Indicator compared with 30/04/2021
Change in % -0.98
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +2.40
Change in %: +5.0
Change in %: -0.83
Change in %: -0.97
Change in %: -2.0
Change in %: +0.85
The large national offering of 46,000 bales currently rostered for sale next week is likely to put some pressure on the general market. However, those better specification wools with low VM and, in particular, those with the NM status, will still be keenly sought after. The general offering is quite high in VM and this is making it more difficult for buyers to average much of the offering into orders that must average VM 1.0%.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 46 13600 12241 10.0%
South M 46 26850 23520 12.4%
West F 46 9321 8047 13.7%
Auction offering – next week
Market Sale Sale days Volume
North S 47 T-W 13332
South M 47 T-W 24872
West F 47 T-W 7725
If you want to see the complete Wool Sales Roster click here.