Comment
The increased value of the Australian dollar against a weakening USD was the main focus this week. A change of around 3.4% in value. Early indications were that we should expect an unchanged market in USD, pointing to a drop in local prices of around 3% and in line with the currency exchange rates. However, it was not to be, and the market was far more resilient than expected. The European types were largely unchanged over the week, as they are less reliant on the US exchange rate for direction. This is reflected in minimal change to the Authentico index values. There was good demand for fine and superfine types and in particular the certified wools. The Chinese types are far more exposed to the currency. In the end, the benchmark AWEX EMI was up an impressive 3.5% in US value over the week.
AWEX Eastern Indicator compared with 23/01/26
Eastern Indicator
Close: 1665
Change in -1.4
Authentico Index Values
15 Micron
Close: 3138
Change in %: +1.2
16 Micron
Close: 2663
Change in %: +0.5
17 Micron
Close: 2499
Change in %: +0.3
18 Micron
Close: 2374
Change in %: -0.2
19 Micron
Close: 2258
Change in %: -0.3
Authentico Indicator
Close: 2534
Change in %: +0.3
Forecast
Prices are expected to remain around current levels for another week. Then sale quantities are expected to drop the week after, followed by the recess for the Chinese New Year. This limited supply should keep upward pressure on the market prices. Fremantle will be selling as a one-day sale.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 31 | 12687 | 12173 | 4.1% |
| South | M 31 | 22239 | 20733 | 6.8% |
| West | F 31 | 8656 | 8081 | 6.6% |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 32 | T / W | 12638 |
| South | M 32 | T / W | 21595 |
| West | F 32 | T | 6247 |
If you want to see the complete Wool Sales Roster click here.
Der Beitrag AUSTRALIAN WEEKLY MARKET REPORT erschien zuerst auf The Schneider Group.