AUSTRALIAN WEEKLY MARKET REPORT
Very little change in the market this week although some things never change and that is the current demand for high quality superfine wool. With a designated superfine sale in Sydney this week, we saw the early signs of strong demand from Europe which will continue through to December 2022. It is coming down to supply and demand, with better than expected seasonal conditions, prolonged wet conditions, delays with shearing is having an affect on processing performance factors such as length, strength, mid breaks and couple this with excess colour is reducing the pool of suitable wool for high quality wool tops. Certified wool still remains in keen demand as the search for quality in this area also. Chinese interests expressed caution this week, particularly in the 18.5 micron and finer categories, however 19.5 and broader were keenly contested and showed some improvement in price.
AWEX Eastern Indicator compared with 26/08/2022
Change in % -0.2
Authentico Index Values
Change in %: +0.50
Change in %: -2.40
Change in %: +1.70
Change in %: +0.6
Change in %: +0.40
Change in %: +0.18
A return to slightly larger volumes in the coming weeks will hopefully encourage more activity as exporters like to sell into volume without fear of getting caught short. Indent buyers also like larger volume offerings in the hope to spot good value when purchasing. Shipping and containerisation issues are slowly working there way forward to enable a speedier despatch of wool to its destinations.
Auction offering – current week
Auction offering – next week
|North||S 10||T – W||12127|
|South||M 10||T – W||21277|
|West||F 10||T – W||6158|
If you want to see the complete Wool Sales Roster click here.