AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Apart from the superfine types, all wool categories still look reasonable value in comparison to where we were two or three years ago. While the fine wool is on the high side in comparison, it’s in this area that we’ve seen the most interest and the lowest supply. The superfine sector needs to maintain these levels to be viable in comparison.

Most descriptions were clearer dearer on Tuesday and did appear to be stabilising at the current basis, the market then opened a little cautiously on Wednesday before rallying late in the day.

AWEX Eastern Indicator compared with 18/06/2021

Eastern Indicator

Close: 1468

Change in % +1.38

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

Authentico Index Values

15 Micron

Close: 3545

Change in %: -1.09

16 Micron

Close: 3166

Change in %: +1.77

17 Micron

Close: 2709

Change in %: +0.78

18 Micron

Close: 2279

Change in %: -1.98

19 Micron

Close: 1929

Change in %: unchanged

Authentico Indicator

Close: 2677

Change in %: unchanged

Forecast

We have just the three selling weeks remaining before the usual three-week recess. The volume for the week after next (sale one) will be closely monitored and currency movements will also play a more important role during this period. There is a little more uncertainty than what we’ve experienced in the last couple of months but we remain positive around this level.

Auction offering – current week

Market Sale Offered Sold Passed In

North S 52 13084 12488 4.6%

South M 52 20246 19147 5.4%

West F 52 no sale

Auction offering – next week

Market Sale Sale days Volume

North S 53 T-W 11029

South M 53 T-W 21835

West F 53 T-W 11542

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