AUSTRALIAN WEEKLY MARKET REPORT
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
Change in % unchanged
Authentico Index Values
Change in %: +0.16
Change in %: +0.66
Change in %: -0.90
Change in %: +0.5
Change in %: +3.97
Change in %: +0.25
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
Auction offering – next week
|North||S 08||T – W||15472|
|South||M 08||T – W||24644|
|West||F 08||no sale|
If you want to see the complete Wool Sales Roster click here.