The market closed on a positive tone for the 2019 wool selling season. After a general easing of prices across the board on Tuesday, there was more widespread interest at Wednesday’s auction with most descriptions tending slightly dearer. This was a good result under the circumstances. Almost 25,000 bales were sold to the trade to the value of M$31.8.
There were a few nice ultrafine clips that offered some good quality 14.0/14.5 micron bales in Melbourne and these were a clear standout. Competition was very strong and these bales sold to levels similar to those pre Covid-19. Carding types which have seen the greatest competition in recent weeks, were the types that suffered the most this week. Clearly it has been a lack of supply in these types that was the key driver on price.
AWEX Eastern Indicator compared with 19/06/2020
Change in % -2.54
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -0.95
Change in %: -1.29
Change in %: +1.05
Change in %: -1.99
Change in %: -1.19
Change in %: -0.73
The AWEX EMI has closed 35% lower when compared to this time last year. Our Authentico Indicator based on good performing NM and CM compliant merino clips is 21% lower for the year. The superfine end, particularly 15.0 micron have not been as greatly affected and closed around about similar levels compared to 12 months prior and has had a positive impacted on our Index. The 19.0 micron Authentico Index value on the other hand is 34% lower, more in line with the EMI. Sales continue next week with sale 01 of the new selling season and approximately 31,000 bales available. The auction will be held Wednesday and Thursday to coincide with the new financial year.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 52 7176 6448 10.1%
South M 52 14618 12868 12.0%
West F 52 6235 5488 12.0%
Auction offering – next week
Market Sale Sale days Volume
North S 01 W/T 9677
South M 01 W/T 14291
West F 01 W/T 7104
If you want to see the complete Wool Sales Roster click here.