AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

There was again very little movement in the market. However, the market sentiment was much more positive on the closing day. All types and descriptions were either very firm or trending upwards with widespread competition. This is despite not a lot of positive news around. There is no doubt that the limited volume on offer each week is helping.

AWEX Eastern Indicator compared with 06/12/24

Eastern Indicator

Close: 1140

Change in % unchanged -0.2

Authentico Index Values

15 Micron

Close: 3017

Change in %: -3.5

16 Micron

Close: 2214

Change in %: +0.4

17 Micron

Close: 1917

Change in %: -1.3

18 Micron

Close: 1732

Change in %: -1.1

19 Micron

Close: 1618

Change in %: +0.4

Authentico Indicator

Close: 2001

Change in %: -1.1

Forecast

Next week is the last sale prior to the three-week Christmas recess. Payment dates, the storage free period and access to shipping schedules will all mature in early January. This should help the results in the final week. We still note some exceptional quality fine and superfine wool on offer next week.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 24	9401	8918	5.1%
South	M 24	22681	20595	9.2%
West	F 24	6090	5249	13.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S25	T / W	10382
South	M25	T / W	19821
West	F25	T	5709

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