AUSTRALIAN WEEKLY MARKET REPORT

Comment

There wasn’t much change in the market this week. Chinese interest remains, but during this period of the season it’s usually more subdued. Buyers were very price conscious earlier in the sale. We expect prices to move within this narrow range, subject to currency movement, for the short term. Traders are indicating that demand is slow, however Chinese topmakers and some indent buying seemed to take up the shortfall. The usual Italian weavers were active on the best clips, with some focus on the mulesing status.

AWEX Eastern Indicator compared with 12/08/2022

Eastern Indicator

Close: 1342

Change in % unchanged

Authentico Index Values

15 Micron

Close: 3863

Change in %: +0.16

16 Micron

Close: 3363

Change in %: +0.66

17 Micron

Close: 2851

Change in %: -0.90

18 Micron

Close: 2214

Change in %: +0.5

19 Micron

Close: 1779

Change in %:  +3.97

Authentico Indicator

Close: 2756

Change in %: +0.25

Forecast

Sales return to a Tuesday and Wednesday format only for next week. The various industry groups will hold their respective annual meetings in Melbourne next Thursday. There is no sale in Fremantle next week. This has reduced the national offering to 40,000 bales.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 07	15628	14317	8.4%
South	M 07	21173	19040	10.1%
West	F 07	5114	4418	13.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 08	T – W	15472
South	M 08	T – W	24644
West	F 08	no sale

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