AUSTRALIAN WEEKLY MARKET REPORT

Comment

Fine wool types were back in favour this week. All descriptions 18.5 micron and finer were the focus. Low vegetable matter is still key to the strongest competition as buyers continue to focus on both the very best lots and also the shorter, tender types for knitting. The skirting market followed suit with the keenest demand on the better skirtings 18.5 micron and finer. Crossbred wools are at a low point, and as such didn’t move much this week as they have little room on the low side and growers are often choosing not to sell.

AWEX Eastern Indicator compared with 21/05/2021

Eastern Indicator

Close: 1320

Change in % +0.38

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

Authentico Index Values

15 Micron

Close: 3292

Change in %:  -4.52

16 Micron

Close: 2835

Change in %: +2.83

17 Micron

Close: 2472

Change in %: +3.73

18 Micron

Close: 2083

Change in %: +1.02

19 Micron

Close: 1752

Change in %: +0.63

Authentico Indicator

Close: 2438

Change in %: +1.41

Forecast

General optimism appears to be improving but not always on the same type range. Fine wool is going from strength to strength while the 21.0 range is not so favoured. Shorter knitting types including skirtings are still keenly sought. Cardings are moving daily but still selling very well while crossbreds are not in such good demand while supply remains greater than what is required. The dominance of the Chinese sector has carried the wool market through this difficult period and as other markets start to improve facing lower than normal stock levels, we hope that this more diverse range of competition will aid the market in the medium to longer term. There is no doubt that customer focus is moving towards traceable products and we’re very pleased with the growing reputation and the resulting interest in our Authentico certified products in the market place.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 48                  11602                   10146              12.5%

South                     M 48                 25562                  22655              11.4%

West                       F 48                   6776                    6007                11.3%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 49                     T-W                             11400

South                     M 49                     T-W                            22972

West                       F 49                      T-W                             7069

 

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