AUSTRALIAN WEEKLY MARKET REPORT

Comment

There were only minor changes in the market from the close in Melbourne last week. Prices for better specification types from 18.0 to 21.0 micron were generally firm over the week with some irregular results related mainly to the tested vegetable matter. Considering the large volume offering it was a very satisfactory result. There was some adjustment in the superfine wool market but it’s worth noting the offering in Melbourne last Thursday included some stylish and well-prepared superfine clips that attracted Italian competition. It was noted again that, while Chinese interests again dominated, there was competition from a wider range of buyers.

AWEX Eastern Indicator compared with 09/07/2021

Eastern Indicator

Close: 1428

Change in % +0.56

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

Authentico Index Values

15 Micron

Close: 3898

Change in %:  +0.67

16 Micron

Close: 3127

Change in %: -2.19

17 Micron

Close: 2671

Change in %: -1.55

18 Micron

Close: 2287

Change in %: -0.91

19 Micron

Close: 1884

Change in %: -1.97

Authentico Indicator

Close: 2691

Change in %: -1.25

Forecast

Wool auctions are now in the winter recess with sales to resume the week of August 9th (week 06).

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 02                  18005                 15849               12.0%

South                     M 02                  21839                 19230               11.9%

West                       F 02                    9159                    7362                19.6%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      recess

South                      recess

West                        recess

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