AUSTRALIAN WEEKLY MARKET REPORT

Comment

The small selection of quality superfine wool this week attracted strong competition from Italian interests. In possibly the last such offering of the season, selected lots were extreme with buyers representing Italian weavers competing strongly. Despite another large national offering of just under 50,000 bales, the general market again held up very well.

AWEX Eastern Indicator compared with 24/02/2022

Eastern Indicator

Close: 1368

Change in % +0.3

Authentico Index Values

15 Micron

Close: 3759

Change in %: +1.9

16 Micron

Close: 3034

Change in %: +1.7

17 Micron

Close: 2650

Change in %: +0.2

18 Micron

Close: 2162

Change in %: -2.9

19 Micron

Close: 1854

Change in %:  -2.8

Authentico Indicator

Close: 2612

Change in %: -0.2

Forecast

Some buyers have been temporarily held up with shipments this week with delays in the logistic supply chain. The surge in volume in recent weeks has again placed some pressure on the dumping and packing of bales. This is expected to be only a temporary issue but has had some impact on current contracts and cash flow for buyers. 50,000 bales are again rostered for sale next week and AWTA test figures indicate that the volume coming in to store for testing is consistent.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 35	12250	11051	9.8%
South	M 35	27031	23971	11.3%
West	F 35	9108	8033	11.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 36	W / T	12604
South	M 36	T / W / T	27465
West	F 36	W / T	11264

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