AUSTRALIAN WEEKLY MARKET REPORT
The market finished the week better than expected as early indicators were signaled to be much lower off the back of slow demand and caution from traders and indent buyers. China, Japan and Europe all are quietly optimistic for the new year, however processing space will be an issue which has created some caution from all sectors. Sales of processed wool into Japan are slow but steady as is spinning and weaving types into Europe. Certified wool sold very weel again this week despite the slow demand which indicates the lack of high quality wool to select from through these prolonged wet seasonal conditions. Overlength and tender still having an impact on the market as shearing and transport delays continue.
AWEX Eastern Indicator compared with 04/11/2022
Change in % -0.70
Authentico Index Values
Change in %: -1.60
Change in %: -1.0
Change in %: +2.5
Change in %: -2.2
Change in %: -0.74
Change in %: -1.90
A looming logistics issue may impact the wool market in the coming weeks as Australia’s largest tugboat operator announced an intention to lockout port workers in 17 of Australian ports. This could cause significant delays in the major ports of Sydney, Melbourne and Fremantle. Smaller consistent volumes of approx. 35,000 bales in the next few weeks will hopefully assist in holding the market amid the cautious tone form exporters and processors.
Auction offering – current week
Auction offering – next week
|North||S 21||T – W||7667|
|South||M 21||T – W||20584|
|West||F 21||T – W||7969|
If you want to see the complete Wool Sales Roster click here.