AUSTRALIAN WEEKLY MARKET REPORT

Comment

A very positive week this week assisted by a weakening currency and better than expected domestic growth figures coming out of China. The Chinese greasy wool traders really kicked into gear this week covering short positions, whilst the Chinese indent buyers continued to accumulate volume as the currency was favorable. Very good clearance rates as wool growers accept the current levels and meet the market. We are still seeing a small useful selection of quality superfines weekly, which are being well supported by all sectors.

AWEX Eastern Indicator compared with 12/04/24

Eastern Indicator

Close: 1158

Change in % unchanged

Authentico Index Values

15 Micron

Close: 3186

Change in %: -2.0

16 Micron

Close: 2159

Change in %: +0.9

17 Micron

Close: 1899

Change in %: +1.1

18 Micron

Close: 1739

Change in %: +0.9

19 Micron

Close: 1616

Change in %:  +0.7

Authentico Indicator

Close: 2003

Change in %: unchanged

Forecast

A lot of positive feedback from Adelaide where the IWTO conference was held and we had a large array of visitors here in Australia. A good chance for exporters and traders to rub shoulders and hopefully make some well timed and needed sales for the coming weeks and months. Smaller volumes in the coming weeks hopefully will assist the market to maintain these levels.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 42	9574	9434	1.5%
South	M 42	24587	23566	4.2%
West	F 42	9519	8174	3.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 43	T / W	8962
South	M 43	T / W	23647
West	F 43	T / W	11747

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