AUSTRALIAN WEEKLY MARKET REPORT
With a week that offered some doubt that we would finish in positive territory with 61,000 bales being offered nationally, the market really showed resilience across a wide range of microns. Best fine certified wool led the way with keen competition from all sectors, finishing the week 6-7% in an upward trend off the back of increased demand in weaving and spinning types in Europe and China. Good demand for the first half of 2023 has had a positive effect on the market. Chinese interests also active this week on 18.5 micron and finer, with a little activity in the broader merino categories. Demand for certified wool is increasing as brand partners all seek to find a niche in the transparent, sustainable and ethical world of textiles that is emerging.
AWEX Eastern Indicator compared with 01/07/2022
Change in % -1.40
Authentico Index Values
Change in %: +6.30
Change in %: +2.30
Change in %: +6.0
Change in %: +7.80
Change in %: -1.80
Change in %: +5.10
We now head into a three week recess from wool sales. Finishing on a positive note should help trading opportunities over the next weeks to hopefully resume in a similar fashion. For the short term shipping and containerization issues are slightly improved, however once we get back into the main part of the season the pressure will be back on and difficult to manage. We hope these signs of good demand and increased activity in larger volume is encouraging for the first half of the new season.
Auction offering – current week
Auction offering – next week
If you want to see the complete Wool Sales Roster click here.