AUSTRALIAN WEEKLY MARKET REPORT
The lower Australian dollar and an improved fine wool offering were the key issues that influenced this week’s market. Interest from China is steady but cautious and this is the main underlying factor in the relatively stable market overall. However Italian interests competed strongly for quality superfine types this week. The clips with NM/CM status clearly preferred in general, obviously subject to quality first. Selected clips around 16.5/17.5 micron were up to 4% dearer. The ultrafine market is a little irregular around 14.5/15.0 micron due to the extreme prices that we’ve seen in recent weeks and the availability of these types is a little better at this time of the season.
AWEX Eastern Indicator compared with 17/09/2021
Change in % +1.18
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -9.15
Change in %: -0.78
Change in %: +3.31
Change in %: +2.47
Change in %: +2.05
Change in %: +0.07
Chinese activity finished the week strongly but again demand seems limited to the few large companies. It should be enough, along with continued interest from Europe to maintain an upward trend next week.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 12 11112 9977 10.2%
South M 12 18304 16800 8.2%
West F 12 4611 4195 9.0%
Auction offering – next week
Market Sale Sale days Volume
North S 13 W / T 11461
South M 13 W / T 22552
West F 13 W / T 7549
If you want to see the complete Wool Sales Roster click here.