Another variable result this week with the market up on Tuesday and down on Wednesday but it was the inferior offering that is attracting most market comment. As a result of seasonal conditions, the selection is vastly different to what we would normally have available. There is more VM, more colour and the micron is broader on average. The difference on Wednesday was that the buyers were a little more selective and the heavier fault (VM) types were those most affected by the softer tone in the market.
AWEX Eastern Indicator compared with 01/04/2022
Change in % -0.43
Authentico Index Values
Change in %: -4.85
Change in %: +2.54
Change in %: -0.79
Change in %: -0.09
Change in %: +2.82
Change in %: -0.18
We have another reasonably large offering next week, the last before the Easter recess followed by a week without auction sales. Despite the easing trend this week, the EMI in USD remained positive and extremely resilient around this basis.
Auction offering – current week
Auction offering – next week
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