AUSTRALIAN WEEKLY MARKET REPORT
The market continues to defy expectations. All types and descriptions sold well again this week and finished at the highest point with a strong market tone all the way to the close in Fremantle. Apart from a large fine wool selection ex New Zealand offered in Melbourne on Tuesday, the general offering was quite poor and ordinary but this wasn’t necessarily a barrier to price or demand. There was no doubt the better quality and specification attracted more consistent demand, but the large volume of tender and higher mid break wool types was also more keenly sought after, particularly 19.0/21.0 micron. These are typical Chinese types.
The week was rounded off with a celebration auction in Melbourne. The National Council of Wool Selling Brokers were celebrating 100 years and approximately 200 lots were offered at a gala auction that was followed by a cocktail party to commemorate the occasion.
AWEX Eastern Indicator compared with 14/02/2020
Change in % +0.83
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -2.38
Change in %: -1.22
Change in %: +1.26
Change in %: +0.77
Change in %: +0.46
Change in %: +0.09
February is traditionally a month that offers the last of any quantity of quality fine wool. We’ve focused our purchase on the Tasmanian selection this year due to better seasonal conditions on the island. We have the last of the designated superfine sales in Sydney next week. We do expect some quality fine and superfine wools to be offered from the New England and hope to take advantage of this final opportunity for our spinner and weaver clients.
Auction offering – current week
Selling Centres for week 34
Market Sale Offered Sold Passed In
North S 34 7793 7245 7.0%
South M 34 18983 16647 12.3%
West F 34 12242 10715 12.5%
Auction offering – next week
Market Sale Sale days Volume
North S 35 W/T 11188
South M 35 W/T 21754
West F 35 W/T 11149
If you want to see the complete Wool Sales Roster click here.