AUSTRALIAN WEEKLY MARKET REPORT

Comment

There was not a lot to celebrate with the market this week. Prices, on average, moved sideways. A few selected choice clips sold very well to Italian interests and with good market premiums. The emphasis was on quality. This was the last opportunity for any volume of best fine wool and the buyers were selective. If the wool was not in this very best range, the prices tended to slide towards the base Chinese levels which didn’t move much over the week.

AWEX Eastern Indicator compared with 23/02/24

Eastern Indicator

Close: 1158

Change in % +0.1

Authentico Index Values

15 Micron

Close: 3346

Change in %: +2.0

16 Micron

Close: 2220

Change in %: -2.4

17 Micron

Close: 1884

Change in %: -2.6

18 Micron

Close: 1736

Change in %: -2.2

19 Micron

Close: 1551

Change in %:  -1.5

Authentico Indicator

Close: 2019

Change in %: -1.6

Forecast

Most trading companies are indicating a lack of demand across all types and descriptions. The generally flat market is probably not helping greatly with many sitting on the fence, waiting for the market to move in either direction. A small improvement in the market is typically followed by a leveling out the next day. This is what happened this week.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 35	10028	9761	2.7%
South	M 35	20357	18876	7.3%
West	F 35	7752	7032	9.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 36	T / W	9795
South	M 36	T / W	22819
West	F 36	T / W	8540

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