AUSTRALIAN WEEKLY MARKET REPORT
There was not much change in the market this week. Despite there being little to celebrate in terms of demand prior to the sale, the market continues to outperform expectations. It was obvious from the opening day that, even if the market was a little flat, competition seemed more widespread with a larger range of buyers interested in accumulating slowly. It was a better market tone. As the sale progressed, this eventuated into higher prices. The sale result on Thursday, when Melbourne sold in isolation, was better with most types and descriptions dearer. It’s hard to gauge the finer micron types when the selection is really quite poor in terms of quality and quantity. The fine and superfine types, with the exception of a few selected clips, are ordinary and not particularly suitable for our European clients. So, any consideration of the various fine wool market indicators should be viewed cautiously. Our 15.0-micron Authentico Indicator has remained unchanged for a few weeks now. The reason being, that there are none available to report on.
AWEX Eastern Indicator compared with 17/03/2022
Change in % +0.07
Authentico Index Values
Change in %: unch
Change in %: -1.8
Change in %: -2.3
Change in %: +2.1
Change in %: +2.0
Change in %: -0.4
Sale volumes remain quite robust, with another sale pushing 50,000 bales to be offered next week. This hasn’t troubled the market recently so we should see similar levels again for another week or two.
Auction offering – current week
Auction offering – next week
|North||S 39||T / W||12499|
|South||M 39||T / W / T||26296|
|West||F 39||T / W||10706|
If you want to see the complete Wool Sales Roster click here.