AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Day 1 of this weeks market started very positively with all sectors active. Grower resistance helping shape the market with approx. 20% withdrawn, leaving a low passed in rate on the balance of wool to be sold. Day 2 was a little bit subdued and back to reality as we saw prices return to the previous weeks levels. A real shining light in this week however were the sub 15 micron categories finishing the week showing healthy improvements in prices paid in very keen competition. Italy, Japan, China and India all showing there hand as they tried to accumulate a piece of the small stylish extra fine merino offerings. Certified wools were again highlighted to be in slightly better demand this week, in particular high quality, well prepared wool clips. Better than expected economic data across different sectors this week might just help create some market movement in to positive territory, fingers crossed!!!

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AWEX Eastern Indicator compared with 13/09/24

Eastern Indicator

Close: 1098

Change in % unchanged -0.01

Authentico Index Values

15 Micron

Close: 3250

Change in %: -0.5

16 Micron

Close: 2060

Change in %: -1.0

17 Micron

Close: 1809

Change in %: -1.1

18 Micron

Close: 1642

Change in %: -1.2

19 Micron

Close: 1537

Change in %: -0.2

Authentico Indicator

Close: 1926

Change in %: -0.9

Forecast

A slight increase in the National volume being offered up to 34,000 bales next week, shouldn’t have to much of an impact on the market. Next week is the gathering in China at the Nanjing Wool Conference which we all hope will bring some positives to the market place.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 12	8409	8181	2.7%
South	M 12	15183	14168	6.7%
West	F 12	4106	3841	6.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S13	T / W	10596
South	M13	T / W	18589
West	F13	T	5193

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