AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market on average got off to a softer tone on Wednesday despite the generally good result for all better specification wools which closed generally firm. Wool of 16.0 micron and finer continue to be in demand. Not surprising, those clips certified non mulesed continue to sell with more consistent demand and are not exposed to the general volatility experienced by the overall market through this period. Our Authentico index fell just 0.5% for the week with the 19.0 range the most affected.

AWEX Eastern Indicator compared with 1/11/2019

Eastern Indicator

Close: 1555

Change in % -2.45

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 2499

Change in %: -1.07

16 Micron

Close: 2280

Change in %: -0.04

17 Micron

Close: 2126

Change in %: -0.56

18 Micron

Close: 2044

Change in %: -0.24

19 Micron

Close: 1946

Change in %: -1.81

Authentico Indicator

Close: 2152

Change in %: -0.51

Forecast

Some general rain fell across eastern Australia. Some regions received more than others. For many it wasn’t drought breaking but our rural friends and colleagues all remain positive that a shift in the ongoing dry trend is changing. We are seeing some good consistent volumes on offer at the moment but just the six sale weeks remain up to Christmas. Volatility is likely to continue. We expect that some still need to buy wool soon and with the Fremantle auction finishing positively on Thursday, we hope that this will be good lead into next week.

Auction offering – current week

Selling Centres for week 19

Market          Sale          Offered             Sold       Passed In

North                      S 19                      9332                        8284                  11.2%

South                     M 19                     16788                       13918                 17.1%

West                       F 19                       7964                         5910                 25.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 20                       W-T                           10399

South                      M 20                      W-T                           20753

West                        F 20                       W-T                            7345

 

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