AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The Australian market has continued its positive way following the one-week Easter recess. Despite the strengthening Australian dollar on the cross rates with the USD, Chinese driven demand exceeded the supply and pushed prices higher, yet again. Most were expecting a more subdued market, even if around similar levels as those pre-Easter. However, from the first lot sold on Tuesday, it was clear that the necessary demand was there to drive prices higher. Levels ended the week at the highest point. It seems that the need for greasy wool into the Chinese market for prompt delivery will not ease in the coming weeks and despite the market levels, next week’s offering will 25% less in bales than the current week. Clearly, the wool is not in the stores.

AWEX Eastern Indicator compared with 03/04/26

Eastern Indicator

Close: 1825

Change in % +2.2

Authentico Index Values

15 Micron

Close: 3104

Change in %: -2.8

16 Micron

Close: 2796

Change in %: +2.8

17 Micron

Close: 2682

Change in %: +0.9

18 Micron

Close: 2630

Change in %: +4.1

19 Micron

Close: 2469

Change in %: +3.3

Authentico Indicator

Close: 2710

Change in %: +2.0

Forecast

The selection is deteriorating in terms of quality and the volume on offer, just 33,000 bales, is 25% less than the week just had. When one particular trading company is taking more or less 20% of the national offering, there can be little doubt about the trajectory of the market.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 42	9929	9758	1.7%
South	M 42	25198	24546	2.6%
West	F 42	9638	9292	3.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 43	W	6037
South	M 43	T – W	18672
West	F 43	T – W	8037

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