AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The Nanjing Wool Conference held last week set the tone for this strong market surge. It resulted in one of the largest weekly gains in years. All types and descriptions with the exception of the carding sector advanced in price to levels, in some cases, not seen in 5 years. Supply and demand will always determine the market price. In recent weeks, small auction volumes and stronger interest coming from a wider variety of customers, left many without wool to cover short term requirements. Some, we understand, hadn’t bought for weeks with slow consumer demand and the uncertain global economic situation as the backdrop. However, it doesn’t take much to shift the price considering the very small volume on offer. The best fine wool is on the market at the moment, but we also expect supply to be available in a much smaller window. While the 19 micron and broader levels are strong, there must still be room for the finer microns to improve from this basis. Supply is not as it used to be, and trading companies are reluctant to offer without first having some stock. This is becoming increasingly important if certification is required for the wool being supplied. This is often the case for the better fine types.

AWEX Eastern Indicator compared with 19/09/25

Eastern Indicator

Close: 1453

Change in +8.1%

Authentico Index Values

15 Micron

Close: 2966

Change in %: +5.7

16 Micron

Close: 2434

Change in %: +9.0

17 Micron

Close: 2242

Change in %: +5.0

18 Micron

Close: 2112

Change in %: +4.5

19 Micron

Close: 1949

Change in %: +7.2

Authentico Indicator

Close: 2284

Change in %: +6.0

Forecast

Supply has improved a little for next week, but numbers are still small on historical levels for this time of the season. Perhaps a little surprising considering the improved state of the market. Some customers will be observing the outcome of the next sale but could also be forced into buying if the market strength continues.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 13	9743	9660	0.9%
South	M 13	15174	14763	2.7%
West	F 13	4856	4825	0.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S14	T / W	11600
South	M14	T / W	18366
West	F14	T	5294

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