AUSTRALIAN WEEKLY MARKET REPORT
The auction has performed strongly in the penultimate sale for 2021. Under the circumstance of shipping deadlines for a pre-Christmas shipment having now passed and a strengthening Australian dollar, the market could have struggled to maintain this week. But, as has been the case for some time now, the market continued to sell in a very positive tone. All types and descriptions were a little dearer.
AWEX Eastern Indicator compared with 26/11/2021
Change in % +1.04
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +0.68
Change in %: +0.87
Change in %: -0.57
Change in %: -0.44
Change in %: +2.87
Change in %: +0.23
42,000 bales are now catalogued for sale next week and expectations are that the market will continue around similar levels through to the close. With the EMI close to the 970 USD level, we expect demand from China to remain relatively stable next week before the three-week Christmas recess. Demand from Europe has also been consistent in recent weeks.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 23 10275 9666 5.9%
South M 23 20937 19588 6.4%
West F 23 4861 4395 9.6%
Auction offering – next week
Market Sale Sale days Volume
North S 24 T / W 10949
South M 24 T / W 23798
West F 24 T / W 7289
If you want to see the complete Wool Sales Roster click here.