AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The larger offering this week attracted keen competition from all sectors. Having confidence to attack the market with the ability to fill commitments. China buying 88% of our wool has surely provided growers with the welcome increase in the market that they have been waiting for. Demand seems to be the driver now, rather than lack of supply. Best spec Chinese types were the most keenly contested, showing the most significant gains for the week. Certified wool still attracts healthy price incentives in both Merino and Crossbred types, in limited supply at this time of the year. European business remains very slow, whilst China activity is strong as exporters are able to sell stock slightly above market level. India, Japan and Korea have all been left standing still as the market continues to rise. Processed wool types are in keen demand as exporters try to fill orders and replenish stocks to sell.

AWEX Eastern Indicator compared with 27/02/26

Eastern Indicator

Close: 1767

Change in + 2.9

Authentico Index Values

15 Micron

Close: 3282

Change in %: + 2.9

16 Micron

Close: 2775

Change in %: + 3.4

17 Micron

Close: 2636

Change in %: + 1.8

18 Micron

Close: 2483

Change in %: +1.5

19 Micron

Close: 2365

Change in %: +1.4

Authentico Indicator

Close: 2655

Change in %: +2.1

Forecast

Week 37 provides a massive 46,000 bales to the market which will definitely test how strong the demand really is. The early talk is for the market to settle as some payment issues have cropped up, mainly in crossbred types which affected their activity this week. Some exporters feel that market is overheated and will flatline this week. A weaker currency may some impact on this thinking as the A$ is trading over a cent easier than last weeks levels. China seems to be capitalizing on the world disruption to most economies with a very unstable geopolitical and economic landscape.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 36	9598	9443	1.6%
South	M 36	20099	19638	2.3%
West	F 36	7515	7361	2.0%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 37	T / W	10594
South	M 37	W / T	25008
West	F 37	T / W	10371

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