AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market continues to trade within a healthy range 1280/1320 EMI which seems sustainable with current demand and currency levels. China has been a revelation during this period with local processing demand assisting despite congestion in the containerization and shipping space where significant delays are being experienced. NM has clearly become the base standard for many international markets with RWS now the new frontier in terms of significant price benefits for wool growers.

AWEX Eastern Indicator compared with 19/03/2021

Eastern Indicator

Close: 1300

Change in % +1.16

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

Authentico Index Values

15 Micron

Close: 3000

Change in %:  +0.66

16 Micron

Close: 2556

Change in %: +2.44

17 Micron

Close: 2271

Change in %: +1.74

18 Micron

Close: 1985

Change in %: +3.11

19 Micron

Close: 1701

Change in %: +0.29

Authentico Indicator

Close: 2258

Change in %: +1.80

Forecast

Next week we have a one week recess before wool sales resume week commencing Monday April 12th, 2021.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 40                13226                  12127                8.3%

South                     M 40                21595                  19704               8.8%

West                       F 40                  9399                    8204               12.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 41                     RECESS

South                     M 41                     RECESS

West                       F 41                      RECESS

 

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