AUSTRALIAN WEEKLY MARKET REPORT
Fine wool types were back in favour this week. All descriptions 18.5 micron and finer were the focus. Low vegetable matter is still key to the strongest competition as buyers continue to focus on both the very best lots and also the shorter, tender types for knitting. The skirting market followed suit with the keenest demand on the better skirtings 18.5 micron and finer. Crossbred wools are at a low point, and as such didn’t move much this week as they have little room on the low side and growers are often choosing not to sell.
AWEX Eastern Indicator compared with 21/05/2021
Change in % +0.38
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -4.52
Change in %: +2.83
Change in %: +3.73
Change in %: +1.02
Change in %: +0.63
Change in %: +1.41
General optimism appears to be improving but not always on the same type range. Fine wool is going from strength to strength while the 21.0 range is not so favoured. Shorter knitting types including skirtings are still keenly sought. Cardings are moving daily but still selling very well while crossbreds are not in such good demand while supply remains greater than what is required. The dominance of the Chinese sector has carried the wool market through this difficult period and as other markets start to improve facing lower than normal stock levels, we hope that this more diverse range of competition will aid the market in the medium to longer term. There is no doubt that customer focus is moving towards traceable products and we’re very pleased with the growing reputation and the resulting interest in our Authentico certified products in the market place.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 48 11602 10146 12.5%
South M 48 25562 22655 11.4%
West F 48 6776 6007 11.3%
Auction offering – next week
Market Sale Sale days Volume
North S 49 T-W 11400
South M 49 T-W 22972
West F 49 T-W 7069
If you want to see the complete Wool Sales Roster click here.