AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

It was somewhat of a stabilising market trend this week. The Sydney and Fremantle sales which sold in isolation on Tuesday were probably a little stronger than what was expected and this resulted in prices finding a level on Wednesday with all centres leveling out. The final result on Thursday, with generally unchanged levels in Melbourne, was another positive result for the wool market.

AWEX Eastern Indicator compared with 06/03/26

Eastern Indicator

Close: 1783

Change in + 0.9

Authentico Index Values

15 Micron

Close: 3269

Change in %: -0.4

16 Micron

Close: 2742

Change in %: -1.1

17 Micron

Close: 2618

Change in %: – 0.7

18 Micron

Close: 2504

Change in %: +0.8

19 Micron

Close: 2434

Change in %: +2.9

Authentico Indicator

Close: 2655

Change in %: unchanghed

Forecast

All eyes will remain on the supply in the coming weeks. The volume for sale is expected to drop, indicating that much of the wool that was held in store has been sold and we are relying only on the fresh wools coming onto the floor for sale. There is certainly a fair amount of wool in the catalogue for next week that has been held in store by wool growers. Some bales for more than 5 years.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 37	10665	10429	2.2%
South	M 37	24066	21849	9.2%
West	F 37	10745	9938	7.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 38	T / W	10533
South	M 38	T / W	22692
West	F 38	T / W	9728

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