AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Chinese influences have again dominated the market, pushing all types and descriptions to levels around 10% higher than those pre-Easter. It’s been an incredible rise. There’s no doubt that the limited weekly supply is fuelling this demand and recent commentary from China is that this is likely to continue in the short term. At what level the market settles at is the pressing question. We would suggest that the ultrafine wool, finer than 16.0 micron, is still good value in comparison and these prices are more likely to be sustainable for the finer microns. Sub 15.0 micron have not moved anywhere near as much and prices are more closely aligned with long term ranges.

AWEX Eastern Indicator compared with 17/04/26

Eastern Indicator

Close: 1895

Change in % +3.8

Authentico Index Values

15 Micron

Close: 3137

Change in %: +1.1

16 Micron

Close: 2892

Change in %: +3.4

17 Micron

Close: 2821

Change in %: +5.1

18 Micron

Close: 2713

Change in %: +3.1

19 Micron

Close: 2552

Change in %: +3.3

Authentico Indicator

Close: 2807

Change in %: +3.5

Forecast

Next week’s sale series is a little disjointed with a public holiday for Anzac Day being recognised on Monday in some states, but not all. Melbourne will sell as usual, Tuesday and Wednesday. Fremantle on Wednesday only and the Sydney sale is to be offered on Wednesday and Thursday. This will give buyers three days to operate, and it will be interesting to see how this unfolds in terms of market direction.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 43	6229	6061	2.7%
South	M 43	19348	18918	2.2%
West	F 43	8089	7743	4.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 44	W -T	9213
South	M 44	T – W	24263
West	F 44	W	6480

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