AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

There was little change in the market this week with most market indicators showing only minor adjustments. What’s most notable each week is that for the general Chinese best fleece quality (16.5 to 21.5 micron), the Sydney market continues to outperform similar types offered in Melbourne. No doubt it’s a supply and demand scenario but growers and brokers with an option, should consider offering these bales in Sydney for a small price advantage. The Melbourne catalogue has twice the volume so it should not be unexpected to see the large volume of standard types attract a little more attention in the Sydney sale room.

AWEX Eastern Indicator compared with 29/11/24

Eastern Indicator

Close: 1142

Change in % unchanged -0.1

Authentico Index Values

15 Micron

Close: 3127

Change in %: -1.5

16 Micron

Close: 2205

Change in %: -0.9

17 Micron

Close: 1943

Change in %: +1

18 Micron

Close: 1752

Change in %: -0.6

19 Micron

Close: 1611

Change in %: +1.2

Authentico Indicator

Close: 2027

Change in %: -0.2

Forecast

Despite the general gloomy market conditions, we’re still able to shift around AUD$45,000,000 worth of wool every week at the auctions in Melbourne, Sydney and Fremantle. It seems that the current market is able to consume a little under 40,000 bales each week without much impact on price.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 23	9686	9055	6.5%
South	M 23	21187	19345	8.7%
West	F 23	5750	4968	13.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S24	T / W	9718
South	M24	T / W	23511
West	F24	T /W	6667

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