AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The increased value of the Australian dollar against a weakening USD was the main focus this week. A change of around 3.4% in value. Early indications were that we should expect an unchanged market in USD, pointing to a drop in local prices of around 3% and in line with the currency exchange rates. However, it was not to be, and the market was far more resilient than expected. The European types were largely unchanged over the week, as they are less reliant on the US exchange rate for direction. This is reflected in minimal change to the Authentico index values. There was good demand for fine and superfine types and in particular the certified wools. The Chinese types are far more exposed to the currency. In the end, the benchmark AWEX EMI was up an impressive 3.5% in US value over the week.

AWEX Eastern Indicator compared with 23/01/26

Eastern Indicator

Close: 1665

Change in -1.4

Authentico Index Values

15 Micron

Close: 3138

Change in %: +1.2

16 Micron

Close: 2663

Change in %: +0.5

17 Micron

Close: 2499

Change in %: +0.3

18 Micron

Close: 2374

Change in %: -0.2

19 Micron

Close: 2258

Change in %: -0.3

Authentico Indicator

Close: 2534

Change in %: +0.3

Forecast

Prices are expected to remain around current levels for another week. Then sale quantities are expected to drop the week after, followed by the recess for the Chinese New Year. This limited supply should keep upward pressure on the market prices. Fremantle will be selling as a one-day sale.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 31	12687	12173	4.1%
South	M 31	22239	20733	6.8%
West	F 31	8656	8081	6.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 32	T / W	12638
South	M 32	T / W	21595
West	F 32	T	6247

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