AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Certified wool stands out again this week, achieving healthy incentives when compared to the rest of the market in keen demand from all sectors.

Another outstanding week it was in the wool market. Volatile currency, large offering, which in some cases was very disappointing from a quality point of view, making it difficult for exporters, greasy wool traders and indent buyers to secure volume of types required to satisfy client demands.

Having said this, volatility is healthy in the market pitting buyer against buyer to secure wool at best value. Greasy wool trader’s welcome volatility, where as indent buyers prefer stability and consistency to accumulate volume.

Nothing much has changed with shipping and containerization delays, but surprisingly this has helped support the market as many Chinese processors, warehouses, transporters and wharves are experiencing staff shortages due to covid lockdowns and they don’t have the manpower to support a larger influx of wool at this point in time.

AWEX Eastern Indicator compared with 29/04/2022

Eastern Indicator

Close: 1427

Change in % +1.80

Authentico Index Values

15 Micron

Close: 3940

Change in %: +1.0

16 Micron

Close: 3360

Change in %: +3.0

17 Micron

Close: 2810

Change in %: +2.0

18 Micron

Close: 2357

Change in %: +2.0

19 Micron

Close: 1867

Change in %: +2.5

Authentico Indicator

Close: 2803

Change in %: +2.0

Forecast

The coming weeks still see a 40,000 plus bales national offering with no end in sight to the current disruptions globally. Currency, selection, interest rates, and inflation will all play a part in shaping the next few months in the commodities and share markets. Be reassured that most of these have all leaned to a positive outcome despite the unfortunate circumstances we have been dealt with in the past two years. Positive attitude with a positive outcome is the only way forward.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 45	9152	8633	5.7%
South	M 45	23097	21001	9.1%
West	F 45	9049	7960	12.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 46	T-W	8979
South	M 46	T-W	28319
West	F 46	T-W	8831

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