The Schneider GroupAUSTRALIAN WEEKLY MARKET REPORT
Comment
There was not a lot of change in the general market this week. The Sydney values settled a little on the first day following a more positive result compared to Melbourne to close out the previous week. Melbourne results, on the other hand, were a little better overall.
The selection is particularly good at the moment for the best performing fine and superfine wool. It’s impossible to compare the wool 18.0 micron and finer on offer at the moment with those offered between March and August this year. Those willing and able to buy at the moment will certainly see the benefit in the performance of the raw materials that they are sourcing during this period. While ‘on paper’ the quality might seem similar, they certainly are not.
AWEX Eastern Indicator compared with 11/10/24
Eastern Indicator
Close: 1138
Change in % unchanged -0.1
Authentico Index Values
15 Micron
Close: 3208
Change in %: -1.5
16 Micron
Close: 2172
Change in %: unch
17 Micron
Close: 1906
Change in %: +0.4
18 Micron
Close: 1724
Change in %: +0.3
19 Micron
Close: 1610
Change in %: +1.3
Authentico Indicator
Close: 2005
Change in %: +0.1
Forecast
The AWEX weekly report and auction data suggests that we’ve seen 20% fewer bales offered in period since July compared to 2023. Or, around 110,000 bales less. However, the AWTA key test data to the end of September indicates that they have tested only 10% less bales over the same period compared to last year. This should tell us that there are around 50,000 to 60,000 bales in broker stores ‘on hold’ from growers waiting for better market conditions. This is probably not that much across all three selling centres and a wide variety of types. It’s also not unusual for a certain volume of first-hand grower wool being held for sale. The roster for the next few sale weeks is indicating that they are not yet willing to sell, and this should help to maintain market stability in the short term.
Auction offering – current week
| Market | Sale | Offered | Sold | Passed In |
| North | S 16 | 12002 | 11300 | 5.8% |
| South | M 16 | 20386 | 18532 | 9.1% |
| West | F 16 | 6710 | 6137 | 8.5% |
Auction offering – next week
| Market | Sale | Sale days | Volume |
| North | S17 | T / W | 8848 |
| South | M17 | T / W | 20875 |
| West | F17 | T / W | 6830 |
If you want to see the complete Wool Sales Roster click here.
The Schneider Group