The most obvious competition was centered around the better specification fine wool, those most suitable for the Italian market. Despite another 50,000 odd bales being offered, there was only minor movements, generally a little lower, for the remainder of the market. The Australian dollar was weaker against the USD resulting in a little more volatility in US terms. With such a wide variety of types available on the market, it’s helping to maintain some stability. The premiums and discounts for the variety of quality on offer is allowing value for the buyers.
AWEX Eastern Indicator compared with 03/03/2022
Change in % -0.7
Authentico Index Values
Change in %: +2.5
Change in %: -2.3
Change in %: +0.5
Change in %: +3.8
Change in %: +1.2
Change in %: +1.0
Next week’s sale will be held on Wednesday and Thursday only. Wools 19.0 and broader are in greater supply than 18.5 micron and finer types, and this is encouraging healthy market premiums for micron. We have been witnessing a slightly softer tone in the market for 19.0 micron and broader but with every opportunity, there is a buyer ready when they recognise some value. This trend is aiding the relative stability in the market.
Delays in the ability to containerise shipments, predominantly ex Melbourne, would be impacting on the market as well. If we can’t ship the wool, there is less urgency to buy.
Auction offering – current week
Auction offering – next week
|North||S 37||W / T||12421|
|South||M 37||W / T||25856|
|West||F 37||W / T||10851|
If you want to see the complete Wool Sales Roster click here.