AUSTRALIAN WEEKLY MARKET REPORT

Comment

Market volatility remains the new normal. Greasy wool is being traded on a ‘hand to mouth’ requirement for prompt delivery. In the current environment, customers are less likely to make a decision on their longer-term requirements. The ongoing global situation is limiting the amount of risk or exposure they are prepared to take. They are making decisions to buy at the latest possible moment. This urgency is adding to the volatility. We are relying on the one major destination for wool at the moment so this volatility is likely to continue. This is creating some opportunities for both buyers and sellers but this extreme volatility is making business decisions more complicated.

AWEX Eastern Indicator compared with 30/10/2020

Eastern Indicator

Close: 1188

Change in % +4.39%

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

Authentico Index Values

15 Micron

Close: 2672

Change in %:  +3.89

16 Micron

Close: 2247

Change in %: +2.46

17 Micron

Close: 1964

Change in %: +4.19

18 Micron

Close: 1702

Change in %: +2.41

19 Micron

Close: 1528

Change in %: +4.23

Authentico Indicator

Close: 1969

Change in %: +3.25

Forecast

AWTA test data figures for the period to end October were released this week. 11.4% less weight was tested when compared with July to October 2019. More noticeably a reduction of 32.5% in net weight of wool 16.5 micron and finer has been tested. That is a trend quite obvious to us on the show floor. Overall, 19.5 micron and finer is down 19.2% when compared to the same period last season. (source AWTA).

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 19                      8520                        8183                   4.0%

South                     M 19                     16674                      15035                   9.8%

West                       F 19                      6918                         6050                  12.5%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 20                        T / W                        9016

South                      M 20                       T / W                       22293

West                        F 20                        T / W                       10660

 

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