AUSTRALIAN WEEKLY MARKET REPORT

Comment

Auctions sales have closed for the Christmas and New Year recess on a very positive note. Despite the large volume sale, prices continued upward in strong overall competition. The lower VM, better specification types for the Chinese and Indian markets were the most affected. The gap between them and the wools destined for the Italian weaver market, continues to close. It was the slightly lower quality types that attracted the most interest with buyers and traders looking for value. This pushed the prices upwards on the lower quality and cheapest types the most.

With almost 50,000 bales on offer, it would be surprising for most to understand how intense the competition was from the first lot offered. Maybe some speculation or some short covering, but all sectors were active throughout the sale.

AWEX Eastern Indicator compared with 09/12/2022

Eastern Indicator

Close: 1327

Change in % +3.8

Authentico Index Values

15 Micron

Close: 3393

Change in %: -1.0

16 Micron

Close: 2738

Change in %: -2.0

17 Micron

Close: 2418

Change in %: +1.1

18 Micron

Close: 2143

Change in %: +4.3

19 Micron

Close: 1877

Change in %:  +3.7

Authentico Indicator

Close: 2443

Change in %: +1.1

Forecast

We’d like to wish everyone a very Merry Christmas and a safe and happy New Year. Sales will resume in the New Year during the week of the 9^th of January.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 24	14059	13135	6.6%
South	M 24	25264	23694	6.2%
West	F 24	8591	7991	7.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	recess	no sale
South	recess	no sale
West	recess	no sale

If you want to see the complete Wool Sales Roster click here.