AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market found its feet this week off the back of strong demand. Chinese indent and traders were all active selling stocks and then going into the market to replenish. European style wools with high quality and excellent specifications all gained ground this week, especially 17.0/18.0 micron category attracted most interest. Certified wools of high quality remain in good demand and competition. The seasonal conditions are still having an impact of wool receivals, wool harvesting and overlength due these factors.

AWEX Eastern Indicator compared with 12/10/2022

Eastern Indicator

Close: 1323

Change in % +3.90

Authentico Index Values

15 Micron

Close: 3445

Change in %: -0.50

16 Micron

Close: 2939

Change in %: +1.40

17 Micron

Close: 2612

Change in %: +1.10

18 Micron

Close: 2182

Change in %: +1.70

19 Micron

Close: 1804

Change in %:  +3.40

Authentico Indicator

Close: 2551

Change in %: +1.30

Forecast

Caution seems to have turned the corner into optimism as we see all sectors active in the current market. The coming weeks will be tested as growers catch this small wave of enthusiasm.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 16	9254	8746	5.5%
South	M 16	19099	18142	5.0%
West	F 16	5827	5594	4.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 17	T – W	10204
South	M 17	T – W	24080
West	F 17	T – W	8149

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