The Schneider GroupAUSTRALIAN WEEKLY MARKET REPORT
Comment
The market eased this week but considering the volume and generally inferior selection, the small daily movement must be considered a fairly good result. We continue to hear exporters are waiting for available vessels to finalise contracts and have available letters of credit opened. Global shipments are impacted by general congestion for all international freight. This is impacting on current cash flow and is not expected to be an ongoing issue. As a result, the market appears to be in a holding pattern for the moment.
AWEX Eastern Indicator compared with 12/03/2021
Eastern Indicator
Close: 1277
Change in % -2.44
If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au
Authentico Index Values
15 Micron
Close: 3025
Change in %: -2.45
16 Micron
Close: 2493
Change in %: -2.84
17 Micron
Close: 2218
Change in %: -1.73
18 Micron
Close: 1928
Change in %: -1.53
19 Micron
Close: 1689
Change in %: -2.65
Authentico Indicator
Close: 2214
Change in %: -2.08
Forecast
The market was showing improved confidence in Melbourne on Thursday which is a positive sign that there is some good underlying demand for greasy wool. Best fine types were very firm while the broader merinos were a touch dearer on the last day of the sale.
Auction offering – current week
Market Sale Offered Sold Passed In
North S 38 12853 10815 15.9%
South M 38 27328 23059 15.6%
West F 38 8228 6367 22.6%
Auction offering – next week
Market Sale Sale days Volume
North S 39 T – W 10995
South M 39 T – W 24861
West F 39 T – W 10722
If you want to see the complete Wool Sales Roster click here.
The Schneider Group