AUSTRALIAN WEEKLY MARKET REPORT

Comment

There was not much positive news to report from this week’s sale series. Volumes for sale were small, the supply variable and generally quite average in terms of quality. Traders continue to report of limited opportunity to sell. This is a reflection of this time of the year as well. It’s not the perfect time for the supply chain to be making crucial decisions for the next seasons demand. Summer holidays are pending in Europe as mills are gearing up to shut down in August. We’re unlikely to see any major changes in the last few weeks of sales prior to our recess.

AWEX Eastern Indicator compared with 28/06/24

Eastern Indicator

Close: 1125

Change in % -1.5

Authentico Index Values

15 Micron

Close: 3250

Change in %: +2.6

16 Micron

Close: 2123

Change in %: -1.1

17 Micron

Close: 1782

Change in %: -2.7

18 Micron

Close: 1644

Change in %: -1.5

19 Micron

Close: 1542

Change in %:  -1.2

Authentico Indicator

Close: 1932

Change in %: -1.07

Forecast

It’s still too early to see any of the higher quality superfine clips from the new season. Vegetable matter would be considered higher than normal, and we note some clips from NSW with some colour following good rain. While western districts of Victoria and South Australia have recorded a dryer than average start to winter.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 01	12379	11773	4.9%
South	M 01	15023	13533	9.9%
West	F 01	6839	6132	10.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 02	T / W	10934
South	M 02	T / W	16355
West	F 02	T	5649

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