AUSTRALIAN WEEKLY MARKET REPORT

Comment

Genuine supply and demand was the key to this week’s market spike as traders competed fiercely on best style and strength 16 to 18 micron. Recent week’s momentum in 18.5 micron and broader continues with all major Chinese, European and Indian indent buyers active. A fluctuating Australian dollar assisted the market whilst greasy traders take advantage of any movement in the market. Steady business and reduced volume due to slow receivals, combined with shipping scheduling pre xmas are all playing there part in a better market. Quality and specification in terms of length, strength and CVH will capture the eye of the savvy trader or indent buyer in the coming weeks prior to the recess.

AWEX Eastern Indicator compared with 18/11/2022

Eastern Indicator

Close: 1256

Change in % +1.90

Authentico Index Values

15 Micron

Close: 3497

Change in %: +3.80

16 Micron

Close: 2801

Change in %: +4.30

17 Micron

Close: 2476

Change in %: +1.85

18 Micron

Close: 2063

Change in %: +2.0

19 Micron

Close: 1757

Change in %:  -0.90

Authentico Indicator

Close: 2447

Change in %: +2.68

Forecast

Things to watch out for in the coming weeks to affect the market may be increased receivals as weather conditions improve to assist getting wool off farm and into brokers stores, better prices will encourage growers to sell prior to the recess, shipping scheduling, dumping and packing issues and a few hundred million Chinese reported to be affected by covid lockdowns could slow retail demand in the lead upto xmas recess period.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 21	7540	6872	8.9%
South	M 21	17539	16357	6.7%
West	F 21	6743	6013	10.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 22	T – W	10470
South	M 22	T – W	19839
West	F 22	T – W	7986

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