AUSTRALIAN WEEKLY MARKET REPORT
Comment
The large offering was expected to put some downwards pressure on auction prices this week. The sales opened a little cautiously, but this could also have been related to the offering. The better types were keenly sought after right from the start and showed very little movement over the week. This is despite the larger selection. It was a good result, and prices didn’t react downwards as much as some may have anticipated. Prices then remained very firm on the second day of this sale series. All buyers were active and there was clearly more interest in the better merino fleece, merino skirtings and also better crossbred wools. The cardings were also in demand. The benchmark AWEX EMI was 0.8% higher over the week in USD basis. Only 3.3% of the Sydney offering was passed in. This is a reflection of the better specification on offer in that market. Demand for certified types continues to build and healthy premium for RWS wool is now being realised. Growers who have become RWS certified, should be encouraged to maintain their accreditation.
AWEX Eastern Indicator compared with 17/01/25
Eastern Indicator
Close: 1186
Change in % unchanged -0.3
Authentico Index Values
15 Micron
Close: 2915
Change in %: -3.3
16 Micron
Close: 2144
Change in %: -0.5
17 Micron
Close: 1951
Change in %: +1.4
18 Micron
Close: 1769
Change in %: +0.2
19 Micron
Close: 1651
Change in %: -1.6
Authentico Indicator
Close: 2001
Change in %: -0.3
Forecast
The Australian wool auctions will recognise the Chinese New Year celebration next week. The auctions will be held on Tuesday and Thursday. The volume for sale is also smaller with some brokers choosing to reduce the volume on offer while our Chinese customers celebrate the New Year. This reduced volume should help to encourage a relatively good market next week. From 50,000 bales in week 30, to 35,000 bales in week 31.
Auction offering – current week
Market | Sale | Offered | Sold | Passed In |
North | S 30 | 15438 | 14932 | 3.3% |
South | M 30 | 24969 | 23057 | 7.7% |
West | F 30 | 9285 | 8015 | 13.7% |
Auction offering – next week
Market | Sale | Sale days | Volume |
North | S31 | T / T | 8223 |
South | M31 | T / T | 19510 |
West | F31 | T / T | 6832 |
If you want to see the complete Wool Sales Roster click here.