AUSTRALIAN WEEKLY MARKET REPORT

Comment

The general market trend continues to be soft. Despite this, the small pocket of positive news this week was the performance of the limited offering of good specification non mulesed types, suitable for the Italian market. The offering was not big, but these types held ground in terms of price, while other categories were cheaper in a cautious market tone. A total of 13.6% of the national offering was passed in, a little higher than recent weekly values.

AWEX Eastern Indicator compared with 05/07/24

Eastern Indicator

Close: 1107

Change in % -1.6

Authentico Index Values

15 Micron

Close: 3151

Change in %: -3

16 Micron

Close: 2140

Change in %: +0.8

17 Micron

Close: 1804

Change in %: +1.2

18 Micron

Close: 1639

Change in %: -0.3

19 Micron

Close: 1544

Change in %:  +0.1

Authentico Indicator

Close: 1930

Change in %: -0.1

Forecast

There is no sale in Fremantle next week with the total national volume down to 27,000 bales. Allowing for withdrawn volume before the sale and passed in rates, this more limited supply should help the market next week. July can be a difficult month for trading, but this year has been one of the more difficult in recent years.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 02	10678	9833	7.9%
South	M 02	14730	12782	13.2%
West	F 02	5739	4306	25.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 03	T / W	12565
South	M 03	T / W	17953
West	F 03	no sale

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