AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The small national supply was the significant most influential factor determining the outcome of auctions this week. The most positive result was the trading companies and topmakers willingness to pay for quality. Market premiums for yield, in particular, are good for those that have wool less impacted by this drought. For this reason, the Sydney auction results are reflecting the better wools on offer in that centre. Daily premiums in Sydney are as much as 10/15 cents clean for what would appear to be similar wools. It’s the higher yields driving this anomaly. The lower passed in rates in the Sydney auction are an indication of how much better the competition in that market is at the moment. The small selection of European specification types were also in good demand. They are in short supply, which is typical for this time of the season,

AWEX Eastern Indicator compared with 16/05/25

Eastern Indicator

Close: 1203

Change in % unchanged +1.1%

Authentico Index Values

15 Micron

Close: 3106

Change in %: unch

16 Micron

Close: 2045

Change in %: -1.9

17 Micron

Close: 1879

Change in %: +0.3

18 Micron

Close: 1790

Change in %: +1.8

19 Micron

Close: 1735

Change in %: +2.3

Authentico Indicator

Close: 1994

Change in %: +0.3

Forecast

We have another national sale of less than 30,000 bales next week. We see little chance of downside in the short term as a result. The IWTO conference is being staged in France this week and we hope that this will provide some much needed confidence amongst our customers who are attending.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 47	7800	7596	2.6%
South	M 47	14596	13039	10.7%
West	F 47	4773	4302	9.9%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S48	T / W	8240
South	M48	T / W	15796
West	F48	T	4310

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