AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

This week the market dealt us a serious blow to enthusiasm as we saw the market lose all the gains from the previous week. A larger than expected volume of wool in the 15 to 18.5 micron categories, saw these indicators fall approx. 2%. Less than expected competition from Europe and India fail to halt any downward trend. The shining light again this week was high quality certified wool of 17/18 and 19 micron which all finished in positive territory for the week. The forgotten hero in this market is the processed short wool and crossbred sector which also defied gravity and finished the week in positive territory amid a wave of selling in recent weeks. Whilst China is absorbing almost 90% of our wool at the moment, we need a spark of hope from Europe which has been on steady decline for 2 years running exporting approx. 30% less than usual. Supply will become a factor as we move through the back half of the season, especially in the 19-21 micron which we are informed of shortages.

AWEX Eastern Indicator compared with 07/02/25

Eastern Indicator

Close: 1192

Change in % unchanged -1.9

Authentico Index Values

15 Micron

Close: 2897

Change in %: -0.2

16 Micron

Close: 2110

Change in %: -2.9

17 Micron

Close: 1966

Change in %: +1.2

18 Micron

Close: 1825

Change in %: +2.4

19 Micron

Close: 1704

Change in %: +1.5

Authentico Indicator

Close: 2019

Change in %: +0.5

Forecast

Another large offering next week 41,500 bales including New Zealand wool selling in Melbourne. This will again add pressure to the superfine merino market 16 to 18.5 micron.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 33	8780	8206	6.5%
South	M 33	24147	20621	14.6%
West	F 33	7724	6123	20.7%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S34	T / W	11449
South	M34	T / W	26248
West	F34	T / W	7051

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