AUSTRALIAN WEEKLY MARKET REPORT

Comment

Sales have resumed after the Easter recess. The market remains keenest on the finer types and also the shorter knitting types and all cardings. The medium and broader fleece are deteriorating in terms of quality and dominate the offering in terms of volume. There is no doubt the inferior quality on offer is impacting on the market. Considering this, the market is still holding relatively well for these types. However, there is no doubt that the interest is keenest on 18.5 micron and finer. The better fleece types are in small supply and attracting solid support from the best weavers while the inferior types are more generally sought by a wide range of buyers with China dominating. This includes all fine micron tender fleece types. In the skirting and carding market, prices have remained very firm all week.

AWEX Eastern Indicator compared with 01/04/2021

Eastern Indicator

Close: 1291

Change in % -0.69

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

Authentico Index Values

15 Micron

Close: 2949

Change in %:  -1.7

16 Micron

Close: 2612

Change in %: +2.19

17 Micron

Close: 2309

Change in %: +1.67

18 Micron

Close: 2002

Change in %: +0.86

19 Micron

Close: 1710

Change in %: +0.53

Authentico Indicator

Close: 2282

Change in %: +1.06

Forecast

The recent rain along the eastern seaboard of Australia has slowed sheering for a few weeks but grower held stock continues to filter onto the market. As we head into the period where fresh supply will be limited, this grower held stock will be a useful resource.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 42                  11344                   9949                12.3%

South                     M 42                 25030                  21964              12.2%

West                       F 42                   9882                    7793                21.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 43                     T-W                             10,241

South                     M 43                     T-W                             24,238

West                       F 43                      T-W                             11,065

 

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