The Schneider GroupAUSTRALIAN WEEKLY MARKET REPORT
Comment
Sales have opened for 2024 with a relatively large volume offering. The quality of the supply was varied with only limited quality superfine wool available. After sales finished 2023 on a soft tone, the market opened with a few regular buyers choosing to operate with caution. There were some varied opinions about the pending market prior to the opening but many thought that prices would be firm, tending dearer. Over the week, prices did struggle to hold across the general offering with the exception of the better Italian specification types, 18.0-micon and finer, that held firm in limited supply. Of particular interest was the 16.5 to 17.5-micron range that sold better than other micron categories. Strong interest was also obvious in the fine skirtings. The lines of good pieces and bellies with low VM that were well prepared, sold to healthy increases when compared to the last sale.
AWEX Eastern Indicator compared with 15/12/23
Eastern Indicator
Close: 1213
Change in % +0.08
Authentico Index Values
15 Micron
Close: 3446
Change in %: +1.3
16 Micron
Close: 2373
Change in %: -2.3
17 Micron
Close: 2088
Change in %: +2.1
18 Micron
Close: 1812
Change in %: +0.3
19 Micron
Close: 1630
Change in %: +0.4
Authentico Indicator
Close: 2152
Change in %: +0.4
Forecast
Another 55,500 bales will be for sale next week. This volume, particularly in Melbourne, probably held the market up a little this week while traders wait for clearer market signals. Despite this, still M$60 AUD worth of wool changed hands this week to local trading companies, and we’ve seen 9.8% more first-hand grower bales offered for the season (since July 2023). .
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 28 | 11834 | 11168 | 5.6% |
| South | M 28 | 26898 | 24413 | 9.2% |
| West | F 28 | 12152 | 10472 | 13.8% |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S 29 | T / W | 12366 |
| South | M 29 | T / W / T | 28786 |
| West | F 29 | T / W | 14508 |
If you want to see the complete Wool Sales Roster click here.
The Schneider Group