AUSTRALIAN WEEKLY MARKET REPORT

Comment

Quality is the key to achieving the rewards for certified wool this week. We saw several clips of poor preparation passed in this week as buyers are selective in their search for high quality certified wools. Premium prices require attention to detail and excellent preparation to meet the strict requirements of the International market. Overall market stayed in positive territory with all sectors active. Surprisingly the strength is coming from Chinese interests, closely followed by European and Indian buyers all trying to secure volume of high quality fine wool in the last 3 designated superfine wool offerings for the season. Not even a volatile currency or larger than expected volume has dampened this enthusiasm. It was nice to see confidence in the market despite all of the associated problems that has affected the flow of wool onto the market in recent months. Supply is dictating the market activity, particularly in the high quality fine wool at this time of the season. Overlength, tensile strength and mid breaks are playing their role as buyers compete aggressively for the best lots available.

AWEX Eastern Indicator compared with 27/01/2022

Eastern Indicator

Close: 1356

Change in % +1.30

Authentico Index Values

15 Micron

Close: 3953

Change in %: +7.20

16 Micron

Close: 3036

Change in %: +3.00

17 Micron

Close: 2552

Change in %: -1.00

18 Micron

Close: 2240

Change in %: -0.807

19 Micron

Close: 1920

Change in %:  +2.30

Authentico Indicator

Close: 2632

Change in %: +1.38

Forecast

As mentioned in the comments above we are heading into 3 large designated superfine wool sales which some growers have been holding wool waiting for their opportunity to present to the market their best bales. Demand is keen for high quality fine wool in the coming weeks and months and buyers have shown their keenness to purchase wools of high quality. The Chinese indent buyers are still acquiring volume daily/weekly and meeting the demands of the market in terms of price which is encouraging.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 31	12134	11456	5.6%
South	M 31	19160	17620	8.0%
West	F 31	7222	6910	4.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 32	T / W	14378
South	M 32	T / W / T	24870
West	F 32	T / W	11918

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