AUSTRALIAN WEEKLY MARKET REPORT

Comment

We noticed a much-improved market tone on Thursday. In our opinion, all types were very firm from 16.5 to 22.0 micron and a significant improvement on the market performance in recent weeks. Time will tell if this trend is to continue next week but with smaller volumes available for sale, hopefully this market sentiment will encourage some trading activity. Knitting types were also keenly sort after. The general feeling is that the market is now ‘around about’ a more sustainable level.

AWEX Eastern Indicator compared with 29/09/2022

Eastern Indicator

Close: 1235

Change in % -1.59

Authentico Index Values

15 Micron

Close: 3464

Change in %: -3.19

16 Micron

Close: 2983

Change in %: -2.19

17 Micron

Close: 2569

Change in %: -0.27

18 Micron

Close: 2140

Change in %: +0.56

19 Micron

Close: 1734

Change in %:  -1.19

Authentico Indicator

Close: 2529

Change in %: -0.98

Forecast

Better specification types with certification are still attracting strong buyer interest. While not as extreme as the past month or so, the main activity on specified wools is still 17.5 to 21.0 micron. These wools were very firm this week. We return to the Tuesday and Wednesday sale format next week. Some customer enquiries as a result of the better market tone yesterday, should help the market sustain the current levels.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 14	9261	8238	11.0%
South	M 14	17727	15280	13.8%
West	F 14	6405	5753	10.2%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 15	T – W	9658
South	M 15	T – W	18544
West	F 15	T – W	7679

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