AUSTRALIAN WEEKLY MARKET REPORT
In a week where we thought the market was going to struggle it finished the week in positive territory with a couple of interesting highlights. FNF wool throughout the micron categories continues to bring small incentives in prices when compared to VM2% and above which are generally discounted. RWS NM/CM wool is still in keen demand with incentives increasing to around 10/15% above the spot market which is becoming the expectation of many growers. China is still evaluating the market and remains nervous about local processing and increased sea freight costs and export textile charges into Europe and USA. Europe is quietly optimistic for an improvement in weaving types and currently experiencing good demand for processed and knitting types which should see the market with a positive attitude to the final quarter of 2021. Fine market indicators continue to increase despite the 15 micron which faltered this week, however demand remains strong.
AWEX Eastern Indicator compared with 03/09/2021
Change in % -0.70
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -5.7
Change in %: 0.00
Change in %: +2.97
Change in %: +1.20
Change in %: +0.80
Change in %: +0.30
The market seems to be on the edge of more positive times with a relatively empty pipeline for greasy wool. We are seeing more enquiry across a wide range of types and destinations as demand for responsibly sourced wool is on the increase and volumes remain relatively small when compared to the total national supply.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 11 9989 8644 13.5%
South M 11 17417 15344 12.0%
West F 11 5419 4661 14.0%
Auction offering – next week
Market Sale Sale days
North S 12 T / W
South M 12 T / W
West F 12 T / W
If you want to see the complete Wool Sales Roster click here.