AUSTRALIAN WEEKLY MARKET REPORT

Comment

The very complicated and confused global situation is affecting all markets and the wool market is not immune. Fortunately, the situation in China seems to be improving for the time being and the major buyers this week were presumably acting with Chinese interests. 25% of the national offering was passed in. The market was better in Melbourne yesterday and while Sydney prices were lower, it must be clarified that it’s almost impossible to compare the offering of this week with the wool that was sold last week in Sydney. Low yielding wool, in plentiful supply, are the lots gaining the least competition.

AWEX Eastern Indicator compared with 06/03/2020

Eastern Indicator

Close: 1521

Change in % -2.62

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

Authentico Index Values

15 Micron

Close: 2580

Change in %: -3.19

16 Micron

Close: 2369

Change in %: -2.47

17 Micron

Close: 2158

Change in %: -3.62

18 Micron

Close: 2006

Change in %: -4.52

19 Micron

Close: 1920

Change in %: -3.27

Authentico Indicator

Close: 2173

Change in %: -3.55

Forecast

Our thoughts are with our entire network of woollen organisations, their families, friends and colleagues around the world as we face an unprecedented challenge to maintain our health and well-being.

Auction offering – current week

Selling Centres for week 37

Market          Sale          Offered             Sold       Passed In

North                      S 37                     8864                        7057                 20.4%

South                     M 37                    23204                      17345                25.2%

West                       F 37                      11511                        8064                 29.9%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 38                    W/T                              9131

South                     M 38                 T/W/T                          29345

West                       F 38                     W/T                             11777

 

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