AUSTRALIAN WEEKLY MARKET REPORT

Comment

Another variable result this week with the market up on Tuesday and down on Wednesday but it was the inferior offering that is attracting most market comment. As a result of seasonal conditions, the selection is vastly different to what we would normally have available. There is more VM, more colour and the micron is broader on average. The difference on Wednesday was that the buyers were a little more selective and the heavier fault (VM) types were those most affected by the softer tone in the market.

AWEX Eastern Indicator compared with 01/04/2022

Eastern Indicator

Close: 1369

Change in % -0.43

Authentico Index Values

15 Micron

Close: 3843

Change in %: -4.85

16 Micron

Close: 3311

Change in %: +2.54

17 Micron

Close: 2752

Change in %: -0.79

18 Micron

Close: 2281

Change in %: -0.09

19 Micron

Close: 1825

Change in %:  +2.82

Authentico Indicator

Close: 2739

Change in %: -0.18

Forecast

We have another reasonably large offering next week, the last before the Easter recess followed by a week without auction sales. Despite the easing trend this week, the EMI in USD remained positive and extremely resilient around this basis.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 40	10144	9131	10.0%
South	M 40	23444	20174	13.9%
West	F 40	9149	7506	18.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 41	T/W	13518
South	M 41	T/W	25395
West	F 41	T/W	9500

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