AUSTRALIAN WEEKLY MARKET REPORT
Most market reports will alert to continued volatility this week but we are of the opinion that the better prepared clips, particularly those with NM or CM status, remain much more stable. We found only a small movement in our Authentico index’s this week, all moving between 0.3 and 1% up or down. There was a larger superfine selection this week and they were the wools that performed the best. The 15.0 to 17.5 micron range was well supported. The AWEX EMI didn’t fare as well, minus 1.7% for the week, but this would have been influenced by a poor performance in the crossbred sector which eased as the sale progressed.
AWEX Eastern Indicator compared with 11/10/2019
Change in % -1.69
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -0.91
Change in %: -1.03
Change in %: +0.34
Change in %: +0.30
Change in %: -0.31
Change in %: -0.19
A smaller sale next week with 33,000 bales rostered for sale including a one-day sale (Wednesday) in Sydney. This is unusual for this time of the season and an indication of the general supply trend.
Auction offering – current week
Selling Centres for week 16
Market Sale Offered Sold Passed In
North S 16 10143 9060 10.7%
South M 16 17625 15036 14.7%
West F 16 7588 6093 19.7%
Auction offering – next week
Market Sale Sale days Volume
North S 17 W 5425
South M 17 W-T 19371
West F 17 W-T 8174
If you want to see the complete Wool Sales Roster click here.
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