AUSTRALIAN WEEKLY MARKET REPORT
There were some quite distinct patterns in the way prices moved this week. The best fine wool of 17.5 micron and finer remain very keenly sought after, albeit in small supply, The average fine wool, most usually destined for the Chinese market, were all tending cheaper over the week as demand slows in China for the finer types. The 18.0 to 19.0 micron range didn’t change much. At the other end of the merino selection, the 19.5 to 21.5 micron prices all increased. Of particular interest is the light fault fleece. Those with less than 1.0% attracted much greater buyer interest than lines with 1.5% VM. This is a simple consequence of supply and demand. The average VM on the market is higher as a result of the season.
AWEX Eastern Indicator compared with 17/06/2022
Change in % +0.48
Authentico Index Values
Change in %: -3.65
Change in %: -0.51
Change in %: -1.38
Change in %: -0.16
Change in %: +3.06
Change in %: -0.88
The market was just a little less extreme this week, with the obvious exception being the broader merino types. It was only a small sale consisting of less than 30,000 bales nationally and perhaps some are waiting for the larger volume sales to be held in July. Often the larger volume sales attract more buyer interest. We expect little change next week, along similar patterns to what we’ve had recently. Some could be looking ahead to week 01.
Auction offering – current week
|West||F 51||no sale|
Auction offering – next week
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