AUSTRALIAN WEEKLY MARKET REPORT

Comment

A challenging week as Exporters juggle a fluctuating currency making it attractive to keep buying, whilst trying not to carry excess stock into the recess period. Finishing containers to keep wool moving created some competitive rallies, which was seen in some micron categories. Indent buyers who have been most supportive of this market maintained composure to keep accumulating throughout the week. Greasy traders always looking for opportunities, however as the market has ben trading in a very tight range for the last 6 months, this has been a difficult task, as opportunity requires volatility, peaks and troughs to assist a trading position. High quality certified wool continues to offer price enhancement, all be it slow and steady, but the demand is real, the supply in Australia is short and interest is building. Textiles are suffering through the middle a 6 year cycle which we are now 3 years in, which makes us wonder if the next 3 years will offer a steady upward trend which will surely benefit merino growers producing high quality product. Price trends need to be backed by high quality product so now is the time to differentiate by paying more attention to detail, creating a point of difference for your wool.

AWEX Eastern Indicator compared with 06/12/24

Eastern Indicator

Close: 1154

Change in % unchanged +1.2

Authentico Index Values

15 Micron

Close: 3017

Change in %: unch

16 Micron

Close: 2163

Change in %: -2.3

17 Micron

Close: 1905

Change in %: -0.6

18 Micron

Close: 1754

Change in %: +1.2

19 Micron

Close: 1617

Change in %:  unch

Authentico Indicator

Close: 1994

Change in %: -0.3

Forecast

The next 3 weeks is a recess in wool sales. A timely reminder to spend quality time with family and friends while we have the chance away from busy commercial life.

We would like to wish you all a very Merry Christmas and a Happy New Year and look forward to what 2025 has to bring for us all.

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Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 251031795227.7%
SouthM 2519498184105.6%
WestF 25506648434.4%
Auction offering – next week
MarketSale
Sale days
Volume
NorthRECESS T / W
SouthRECESS T / W
WestRECESST

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