AUSTRALIAN WEEKLY MARKET REPORT

Comment

Not much change in the market this week with European interests continue to support high quality superfine wool with Chinese indent and traders supporting a wide range. More emphasis was on the broader microns for China this week. The prolonged wet weather is affecting style and strength with higher levels of colour and cotted wool evident. A timely reminder to classers to pay attention to detail around the classing table for best outcomes for growers.

AWEX Eastern Indicator compared with 26/08/2022

Eastern Indicator

Close: 1342

Change in % unchanged

Authentico Index Values

15 Micron

Close: 3849

Change in %: +0.40

16 Micron

Close: 3438

Change in %: +2.20

17 Micron

Close: 2852

Change in %: -0.03

18 Micron

Close: 2233

Change in %: +0.86

19 Micron

Close: 1798

Change in %:  +1.07

Authentico Indicator

Close: 2777

Change in %: +0.76

Forecast

A small sale next week off the back of wool week held in Melbourne this week, will see some pressure on the better fine wool as the Chinese range should be relatively unchanged.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 08	14670	12831	12.5%
South	M 08	22761	19881	12.7%
West	no sale

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 09	T – W	11504
South	M 09	T – W	18078
West	F 09	T – W	9610

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