AUSTRALIAN WEEKLY MARKET REPORT
Market volatility continued this week with a reversal of last week’s easing trend. Prices got off to a stronger start and stabilised on Thursday after overacting just a little late on Wednesday. All in all, it was a more promising market tone this week, particularly for the finer microns. It was the better lots 15.5 / 17.0 micron that attracted the most attention with the Chinese focus supported strongly from European interests. Our Authentico indicators performed in line with the general market for 15.0 / 17.0 micron but typically, our index values are more stable than the general market for 18.0 and 19.0 micron.
AWEX Eastern Indicator compared with 8/11/2019
Change in % +1.22
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: +1.72
Change in %: +2.32
Change in %: +2.59
Change in %: +0.98
Change in %: +0.98
Change in %: +1.81
There was more interest from the Chinese sector this week, as mentioned in our weekly comment, this was more focused on the finer merinos. We’ve said for a while now that they have appeared better value. Now that selection is slowing for the better fine wool, if interest from China is maintained, we remain positive for this market. Production is particularly affected in this range, specifically when considering quality types.
Our thoughts are with our wool grower friends now battling bush fires after lengthy period of drought and costly supplementary feed bills. Their resilience in these times is extraordinary and our support and best wishes for a satisfactory outcome.
Auction offering – current week
Selling Centres for week 20
Market Sale Offered Sold Passed In
North S 20 9781 9139 6.6%
South M 20 19985 18741 6.2%
West F 20 6344 5704 10.1%
Auction offering – next week
Market Sale Sale days Volume
North S 21 W-T 10015
South M 21 W-T 21779
West F 21 W-T 8932
If you want to see the complete Wool Sales Roster click here.