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.
.
Auction offering – current week
Market | Sale | Offered | Sold | Passed In |
North | S 25 | 10317 | 9522 | 7.7% |
South | M 25 | 19498 | 18410 | 5.6% |
West | F 25 | 5066 | 4843 | 4.4% |
Auction offering – next week
Market | Sale | Sale days | Volume |
North | RECESS | T / W | |
South | RECESS | T / W | |
West | RECESS | T |
If you want to see the complete Wool Sales Roster click here.