AUSTRALIAN WEEKLY MARKET REPORT
20,000 bales were offered and as previously mentioned, this appears to be a volume that the market can manage with the current level of demand. Prices were positive this week. The sale room activity was clearly much more confident. Melbourne and Fremantle sales were unable to hold the levels reached on Tuesday but overall a very encouraging result. The volume available for sale next week has increased to 33,000 bales and this was likely for the more cautious approach on Wednesday. We haven’t been able to manage this volume in recent months so this will be a good test.
AWEX Eastern Indicator compared with 04/09/2020
Change in % +3.73
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
Change in %: -0.04
Change in %: -0.85
Change in %: +1.57
Change in %: +4.32
Change in %: +1.75
Change in %: +1.50
The better season is impacting on the micron profile of the clip. The corresponding sale last year (2019) had the Sydney and Melbourne merino fleece offering at 17.8 and 19.5 average micron respectively. This week Sydney averaged 18.6 and Melbourne 20.0 micron. For this reason, we are still seeing a positive price spread for micron from 14.0 to 23.0-micron merino.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 11 4775 4626 3.1%
South M 11 10970 10192 7.1%
West F 11 3909 3725 4.7%
Auction offering – next week
Market Sale Sale days Volume
North S 12 T / W 8675
South M 12 T / W 19525
West F 12 W 5358
If you want to see the complete Wool Sales Roster click here.