AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Australian auctions paused mid-week to recognise the Chinese New Year on Wednesday. The volume on offer was reduced a little with some brokers choosing not to offer big quantities while, potentially, buyer competition from China could have been impacted. The market, however, was positive. Prices were unchanged earlier in the week but gained strong ground by rising a good 1% on Thursday across the whole spectrum of types. The limited supply and preferable exchange rate both helped. The variation in the currency exchange rates is influencing daily price movements. Trading companies are reporting that the carding types are moving well at the moment. This is a positive development.

AWEX Eastern Indicator compared with 24/01/25

Eastern Indicator

Close: 1192

Change in % unchanged +0.5

Authentico Index Values

15 Micron

Close: 2915

Change in %: unch

16 Micron

Close: 2162

Change in %: +0.8

17 Micron

Close: 1952

Change in %: +0.05

18 Micron

Close: 1769

Change in %: unch

19 Micron

Close: 1659

Change in %: +0.5

Authentico Indicator

Close: 2006

Change in %: +0.2

Forecast

We will see greater volume available next week as we return to the more usual format of Tuesday and Wednesday selling. Supply of good fine wool has been unusually limited, but we will see more on offer over the next few weeks before the selection runs out from March. Being on the show floor today, we’ve noted some very useful fine wool clips up for auction next week. It will be interesting to see if the Chinese will follow this small rally over the coming days. It’s unlikely to be any cheaper.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 31	8114	7885	2.8%
South	M 31	19225	17967	6.5%
West	F 31	6097	5627	7.7%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S32	T / W	12737
South	M32	T / W	19865
West	F32	T	5759

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