AUSTRALIAN WEEKLY MARKET REPORT

Comment

Our Authentico index value reached a new low this week closing at 1769. Premiums for NM are not as they have been with Chinese interests dominating and the European market remaining quiet. With only 15,000 bales available nationally, the market struggled to gain any momentum. The main focus is still on the knitting types, carding types and all better performing fine fleece wool. The finer knitting types were even a little dearer on Wednesday. All in all it must be considered a disappointing sale week.

AWEX Eastern Indicator compared with 12/06/2020

Eastern Indicator

Close: 1139

Change in % -2.73

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

Authentico Index Values

15 Micron

Close: 2415

Change in %:  -3.05

16 Micron

Close: 2001

Change in %: -0.99

17 Micron

Close: 1721

Change in %: -2.33

18 Micron

Close: 1559

Change in %: -2.74

19 Micron

Close: 1431

Change in %: -3.64

Authentico Indicator

Close: 1769

Change in %: -2.32

Forecast

The AWEX national weekly report noted that the EMI is at the lowest point since 2015. This is a dramatic change after 3 very positive years for wool. We must focus on wools environmental credentials to rebuild trust with the consumer. For those who have not seen it, we recommend watching the recent speech from Giovanni Schneider, CEO of the Schneider Group. Giovanni spoke at the recent digitally held IWTO conference. His speech can be found in the resources section of our website via this link.  https://www.gschneider.com/resources/

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 51                     6693                         5945                11.2%

South                     M 51                     9107                         8201                 9.9%

West                       F 51                     no sale

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 52                        T/W                            7160

South                     M 52                        T/W                           15900

West                        F 52                        T/W                            7180

 

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