The Schneider GroupAUSTRALIAN WEEKLY MARKET REPORT
Comment
Despite Europe being relatively quiet at the moment we are still seeing good potential in the high quality certified arena sub 15 micron and standard Euro types 17/18/19 micron this week.The Authentico index values remain very stable. All other micron categories traded evenly this week with general support from all sectors. The stronger currency at the beginning of the week sparked some interest and the market reacted accordingly in a positive manner, completely the opposite to what exporters were expecting. Chinese domestic market seemed to be improved this week as consumers start to emerge after a long covid cautionary period. China export however has slowed. Shearing seems to be ahead of schedule and growers taking the opportunity to sell immediately rather than play the waiting game. This should enhance the market as we are not building any stockpile of wool held in store. New seasons wool are rolling in and we are seeing some very well prepared wool clips to satisfy current demand.
AWEX Eastern Indicator compared with 03/10/23
Eastern Indicator
Close: 1128
Change in % 0.0
Authentico Index Values
15 Micron
Close: 3374
Change in %: +0.3
16 Micron
Close: 2275
Change in %: -1.0
17 Micron
Close: 1826
Change in %: -0.1
18 Micron
Close: 1650
Change in %: +0.6
19 Micron
Close: 1515
Change in %: -0.1
Authentico Indicator
Close: 1987
Change in %: -0.1
Forecast
The next few weeks offerings are relatively stable around 40/45,000 bales which is sufficient to meet the current demand. If the currency remains stable then the market will follow suit, however any upward movement will surely see a short term rally, especially from Chinese processors. European market remains very slow at the moment as they approach then end of financial year.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 19 | 12923 | 12182 | 5.7% |
| South | M 19 | 22252 | 19932 | 10.4% |
| West | F 19 | 7507 | 6777 | 9.7% |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 20 | T / W | 11178 |
| South | M 20 | T / W | 27134 |
| West | F 20 | T / W | 7107 |
If you want to see the complete Wool Sales Roster click here.
The Schneider Group