AUSTRALIAN WEEKLY MARKET REPORT

Comment

The highlight this week was some best quality superfine bales sold with RWS certification. They appeared to be purchased ‘at best’. Other best style and performing NM/CM lines 16.0 micron and finer were also keenly sought after. The offering is again a little broader than normal years with a continuation of the exceptional growing season. Perhaps some are concerned with supply of best non mulesed types under 16.0 micron and this is building some optimism in this sector. The short types 17.5 micron and finer including prem fleece and good skirtings were also performing better than most types this week.

AWEX Eastern Indicator compared with 20/08/2021

Eastern Indicator

Close: 1350

Change in % +1.12

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

Authentico Index Values

15 Micron

Close: 3966

Change in %:  +4.58

16 Micron

Close: 3089

Change in %: +2.93

17 Micron

Close: 2638

Change in %: +0.04

18 Micron

Close: 2226

Change in %: -0.54

19 Micron

Close: 1782

Change in %: -0.94

Authentico Indicator

Close: 2652

Change in %: +1.14

Forecast

It was a positive sign to have a firming market trend this week. Prices for 19.0 micron and broader did seem to ease a little late on Wednesday so it will be interesting to see if this has any impact on the general market next week. Major Chinese Topmakers could well again be the key to the market strength and if other Chinese traders are able to sell on the back of this.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 08                  12250                 10491                14.4%

South                     M 08                  15993                 13609                14.9%

West                       F 08                   no sale

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 09                      T / W                         11575

South                      M 09                     T / W                         19493

West                        F 09                      T / W                           9486

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