AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The small national offering failed to stimulate the market. A generally poor-quality offering and limited trading activity restricted the market movement. In the end, while a little lower across the board, there was little real change over the week. The few better fine micron lines are still attracting reasonable competition. There won’t be many more opportunities to secure the good fine fleece types this season beyond the few sales in February.

AWEX Eastern Indicator compared with 19/01/24

Eastern Indicator

Close: 1186

Change in % -0.8

Authentico Index Values

15 Micron

Close: 3373

Change in %: -2.1

16 Micron

Close: 2419

Change in %: -0.9

17 Micron

Close: 2030

Change in %: -1.6

18 Micron

Close: 1814

Change in %: +0.2

19 Micron

Close: 1625

Change in %: -0.6

Authentico Indicator

Close: 2137

Change in %: -1.0

Forecast

The large Chinese top makers continue to dominate in the smaller sales. Carding types, skirtings and crossbred fleece still seem to be the types of most interest to the traders. We expect a relatively firm market next week.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 30	8544	8044	5.9%
South	M 30	20428	18736	8.3%
West	F 30	8785	7352	16.3%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 31	T / W	8855
South	M 31	T / W	18986
West	F 31	T / W	8694

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