AUSTRALIAN WEEKLY MARKET REPORT
Driven by strong buying activity by indent operators on behalf of Chinese interests, the market opened generally flat. Most likely aided by a softening local currency against the USD. As the week progressed, a greater level of optimism was evident, and this pushed prices up as the sale progressed. Most interest was on the typical Chinese types 19.0 / 22.0 micron.
AWEX Eastern Indicator compared with 21/04/23
Change in % +1.0
Authentico Index Values
Change in %: unch
Change in %: +0.8
Change in %: -0.5
Change in %: -1.3
Change in %: +1.2
Change in %: -0.2
Supply of good quality fine wool is almost nonexistent with just the odd lot that would meet the standard of a typical European weaver type. The improved demand late this week should hopefully lead to a positive opening next week. Currency movements will need to be considered as well as we lead into the sale on Tuesday. Most customers have been cautious, but it might not be the best period to sit on the fence. If you need wool, then it looks to be an opportune time to take some decisions. Good wool is hard to find, and we expect this to be the situation until late August.
Auction offering – current week
Auction offering – next week
|North||S 44||T / W||10027|
|South||M 44||T / W||26271|
|West||F 44||T / W||8229|
If you want to see the complete Wool Sales Roster click here.