AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

There was little movement in the market this week. Prices were a little exposed to the movement in currency but there was enough demand to help sustain the market in AUD at around similar levels to last week. There was good interest again for best superfine fleece and in particular those 16.5 micron and finer.

AWEX Eastern Indicator compared with 26/02/2021

Eastern Indicator

Close: 1310

Change in % +0.3

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

Authentico Index Values

15 Micron

Close: 3229

Change in %: +1.73

16 Micron

Close: 2606

Change in %: +1.64

17 Micron

Close: 2256

Change in %: -2.51

18 Micron

Close: 1952

Change in %: -1.06

19 Micron

Close: 1729

Change in %: +0.12

Authentico Indicator

Close: 2279

Change in %: -0.44

Forecast

We have just under 50,000 bales on offer again next week. According to AWEX reports, we’ve seen an increase of 10% in first hand offered bales so far this season (since July) compared to the previous year. Considering the general circumstances and the reduction in nation production over the same period, the market has performed exceptionally well over this period.

The auction will be held on Wednesday and Thursday next week due to a public holiday on Monday.

Auction offering – current week

Market Sale Offered Sold Passed In

North S 36 12350 11220 9.1%

South M 36 24396 22386 8.2%

West F 36 9798 8593 12.3%

Auction offering – next week

Market Sale Sale days Volume

North S 37 W- T 13502

South M 37 W – T 26533

West F 37 W – T 9848

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