AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Only 22,700 bales were sold to the trade this week but still to the value of AUD $23M. As South African and New Zealand merinos are now also coming onto the market (all non mulesed), we are seeing more volume globally each week than what we had available between March and July. The options for supply with the limited demand has increased.

AWEX Eastern Indicator compared with 28/08/2020

Eastern Indicator

Close: 858

Change in % -7.64

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 2155

Change in %: -3.06

16 Micron

Close: 1771

Change in %: -6.04

17 Micron

Close: 1531

Change in %: -3.10

18 Micron

Close: 1297

Change in %: -5.47

19 Micron

Close: 1142

Change in %: -6.39

Authentico Indicator

Close: 1532

Change in %: -4.67

Forecast

According to AWEX, the Eastern Market Indicator is now at the lowest level since 2002. With production at the lowest level in 100 years, and declining further, we are absolutely convinced that this level of price is not a true reflection of the value of this precious natural and sustainable fibre.

Auction offering – current week

Market Sale Offered Sold Passed In

North S 10 7085 5587 21.1%

South M 10 12889 10698 17.0%

West F 10 7181 5264 26.7%

Auction offering – next week

Market Sale Sale days Volume

North S 11 T 5458

South M 11 T / W 12351

West F 11 W 5311

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