AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market resilience continues despite all the factors that have been mentioned in previous weeks pertaining to shipping, containerization and cash flow problems. Everybody in the industry is working tirelessly to resolve all the issues, but unfortunately it is a slow burn. Lets not let that detract from a positive wool market driven by good demand and a desire to buy the highest quality wool in the world. VM is still playing its part at this time of the year as good incentives are being paid for FNF wool, coupled with a continuous support for RWS, NM/CM certified wool.

Good demand from Europe in the spinning and weaving sectors and slow moving exports out of China are creating a level playing field. Whilst good demand for knitting and processed types is good we are hearing of a few hiccups in the supply chain.

AWEX Eastern Indicator compared with 08/04/2022

Eastern Indicator

Close: 1377

Change in % +0.08

Authentico Index Values

15 Micron

Close: 3905

Change in %: +2.70

16 Micron

Close: 3167

Change in %: -3.70

17 Micron

Close: 2776

Change in %: -0.60

18 Micron

Close: 2305

Change in %: +2.70

19 Micron

Close: 1812

Change in %:  +0.80

Authentico Indicator

Close: 2729

Change in %: -0.00

Forecast

Reduced volumes in the coming weeks will certainly assist the market.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 43	13558	12499	7.8%
South	M 43	25135	22633	10.0%
West	F 43	10060	8357	16.9%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 44	T-W	9523
South	M 44	T-W	23555
West	F 44	T-W	8215

If you want to see the complete Wool Sales Roster click here.