AUSTRALIAN WEEKLY MARKET REPORT

Comment

The wool market finished strongly this week prior to the 3 week recess period. Strong demand and competition on 15/15.5 micron this week with significant gains made in these two microns. High quality wool remains the focus of European interests and significant gains in the Chinese type range as topmakers and greasy wool traders compete to secure volume prior to the break. Certified wool again experienced a small but healthy surge, however quality tells the story as poorly prepared wools received less interest. Currency tried to halt proceedings on Wednesday, however shipping cut offs and a small surge in demand as traders continue to follow the market. The last two weeks has seen good volumes traded added to the continuous push from China indent buyers to have stock to trade over the 3 week recess.

AWEX Eastern Indicator compared with 06/07/23

Eastern Indicator

Close: 1179

Change in % +1.4

Authentico Index Values

15 Micron

Close: 3506

Change in %: +2.2

16 Micron

Close: 2642

Change in %: -0.7

17 Micron

Close: 2088

Change in %: +2.3

18 Micron

Close: 1786

Change in %: +2.9

19 Micron

Close: 1619

Change in %: +2.6

Authentico Indicator

Close: 2203

Change in %: +1.7

Forecast

Three week recess in play so things will remain very quiet as everyone takes a well earned break from auctions. Buyers will travel the globe with the view of trading and creating demand for the post recess period from August to December 2023. Good luck to all!!!

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 02	14869	13888	6.6%
South	M 02	21596	19785	8.4%
West	F 02	7232	6700	7.4%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 03/04/05	RECESS
South	M 03//04/05	RECESS
West	F 03/04/05	RECESS

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