AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market closed the week in positive territory with good activity on high quality, low vm fleece and skirting wool which was in keen demand. Good demand from local processors in China again activated the market at the close. We are hearing of quiet optimism starting to emerge out of Europe which is very encouraging. The Authentico indicators bounced around a bit throughout the week,   closing in positive territory 2% above last week with the focus clearly on NM/CM. A small volume of RWS accredited wool was sold with healthy incentives to the Chinese sector. Despite the A$ being 19% higher than this time last year we still see a healthy market due to Chinese participation during the first and second quarters of this year.

 

 

AWEX Eastern Indicator compared with 30/04/2021

Eastern Indicator

Close: 1306

Change in % -0.98

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

Authentico Index Values

15 Micron

Close: 3360

Change in %:  +2.40

16 Micron

Close: 2915

Change in %: +5.0

17 Micron

Close: 2370

Change in %: -0.83

18 Micron

Close: 2030

Change in %: -0.97

19 Micron

Close: 1705

Change in %: -2.0

Authentico Indicator

Close: 2409

Change in %: +0.85

Forecast

The large national offering of 46,000 bales currently rostered for sale next week is likely to put some pressure on the general market. However, those better specification wools with low VM and, in particular, those with the NM status, will still be keenly sought after. The general offering is quite high in VM and this is making it more difficult for buyers to average much of the offering into orders that must average VM 1.0%.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 46                  13600                   12241                10.0%

South                     M 46                 26850                   23520               12.4%

West                       F 46                   9321                      8047                13.7%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 47                     T-W                         13332

South                     M 47                     T-W                         24872

West                       F 47                      T-W                          7725

 

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