AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market has shown a little more stability this week albeit in a smaller national supply. 18.0 micron and finer were dearer while 18.5 and 19.0 closed around similar levels and the buyer list was a little more evenly spread. There has not been much change in the global supply chain demand, so any week of stability is well received. There was more competition on the better fine wool as the sale progressed, particularly those with non mulesed certification as per the National Wool Declaration. Another positive sign was the dearer carding market. According to AWEX reports, 11.3% of the offering was wool that had been previously offered for sale.

AWEX Eastern Indicator compared with 21/08/2020

Eastern Indicator

Close: 929

Change in % -1.69

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

Authentico Index Values

15 Micron

Close: 2223

Change in %:  +3.35

16 Micron

Close: 1885

Change in %: -2.48

17 Micron

Close: 1580

Change in %: +0.89

18 Micron

Close: 1372

Change in %: 0.0

19 Micron

Close: 1220

Change in %: 0.0

Authentico Indicator

Close: 1607

Change in %: +0.12

Forecast

Woolgrowers are now less likely to offer their wool for sale while prices remain around this level. Brokers are advising clients not to offer wool unless it’s legitimately for sale. This is limiting the flow of wool and will hopefully keep supply in line the limited demand during this period. Next week’s national offering is currently listed as 32,000 bales.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 09                     7562                         6784                  10.3%

South                     M 09                    12926                       11411                   11.7%

West                       F 09                     no sale

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 10                       T / W                        7374

South                      M 10                      T / W                       17224

West                        F 10                       T / W                        8360

 

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