AUSTRALIAN WEEKLY MARKET REPORT

Comment

The market continues to defy expectations. All types and descriptions sold well again this week and finished at the highest point with a strong market tone all the way to the close in Fremantle. Apart from a large fine wool selection ex New Zealand offered in Melbourne on Tuesday, the general offering was quite poor and ordinary but this wasn’t necessarily a barrier to price or demand. There was no doubt the better quality and specification attracted more consistent demand, but the large volume of tender and higher mid break wool types was also more keenly sought after, particularly 19.0/21.0 micron. These are typical Chinese types.

The week was rounded off with a celebration auction in Melbourne. The National Council of Wool Selling Brokers were celebrating 100 years and approximately 200 lots were offered at a gala auction that was followed by a cocktail party to commemorate the occasion.

AWEX Eastern Indicator compared with 14/02/2020

Eastern Indicator

Close: 1581

Change in % +0.83

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

Authentico Index Values

15 Micron

Close: 2623

Change in %: -2.38

16 Micron

Close: 2426

Change in %: -1.22

17 Micron

Close: 2259

Change in %: +1.26

18 Micron

Close: 2104

Change in %: +0.77

19 Micron

Close: 1982

Change in %: +0.46

Authentico Indicator

Close: 2255

Change in %: +0.09

Forecast

February is traditionally a month that offers the last of any quantity of quality fine wool. We’ve focused our purchase on the Tasmanian selection this year due to better seasonal conditions on the island. We have the last of the designated superfine sales in Sydney next week. We do expect some quality fine and superfine wools to be offered from the New England and hope to take advantage of this final opportunity for our spinner and weaver clients.

Auction offering – current week

Selling Centres for week 34

Market          Sale          Offered             Sold       Passed In

North                      S 34                     7793                 7245                    7.0%

South                     M 34                    18983               16647                  12.3%

West                       F 34                     12242               10715                   12.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 35                    W/T                         11188

South                     M 35                    W/T                         21754

West                       F 35                     W/T                         11149

 

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