AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Fine wool was again the focus in diminishing volume of these types. Quality wool clips with certified traceability via one of various QA programs were keenly sought after. The market opened cautiously but, as we’ve reported previously, exporters are selling each week. It’s not significant volume, but enough to keep them all interested and active in the market. We then add the indent orders into the market and the result continues to be positive. Competition is not only coming from China but well supported by India and Europe.

AWEX Eastern Indicator compared with 13/05/2022

Eastern Indicator

Close: 1434

Change in % +0.5

Authentico Index Values

15 Micron

Close: 3940

Change in %: unchanged (nil selection)

16 Micron

Close: 3362

Change in %: +0.06

17 Micron

Close: 2902

Change in %: +3.27

18 Micron

Close: 2402

Change in %: +1.9

19 Micron

Close: 1875

Change in %: +0.43

Authentico Indicator

Close: 2845

Change in %: +1.5

Forecast

Interestingly, the Fremantle market is currently dearer than the eastern states for many micron categories. We understand that there are some buyers who would usually buy most volume in the eastern states who are currently looking to buy in Fremantle. Logistic pressures, mainly around dumping, are less extreme in that market, allowing for a quicker export process.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 46	8901	8204	7.8%
South	M 46	25819	22806	11.7%
West	F 46	7051	6451	8.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 47	T-W	13062
South	M 47	T-W	25530
West	F 47	T-W	7800

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