AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The market opened strongly on Tuesday with just Sydney and Fremantle selling. Prices stabilised on the second day and drifted slightly lower on Thursday with Melbourne selling in isolation. The market continues to trade within a very tight range with the only variable being the superfine (15.0 micron group) which are variable based on just the few bales available. They are of varying standard and hard to compare from week to week. Average prices in the very fine types do tend to fluctuate at this time of the season. For the past month, at least, there has been little overall movement in the market. Just some subtle changes from week to week.

AWEX Eastern Indicator compared with 08/03/24

Eastern Indicator

Close: 1167

Change in % -0.4

Authentico Index Values

15 Micron

Close: 3325

Change in %: -6

16 Micron

Close: 2203

Change in %: -2.7

17 Micron

Close: 1935

Change in %: +0.4

18 Micron

Close: 1743

Change in %: -0.05

19 Micron

Close: 1601

Change in %: +1.2

Authentico Indicator

Close: 2037

Change in %: -1.4

Forecast

Just two weeks before the Easter recess. Buyers and traders continue to look for opportunities in a difficult market. The positive is the relative stability of prices, despite the general lack of demand.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 37	9386	9192	2.1%
South	M 37	20543	18993	7.5%
West	F 37	10126	9463	6.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 38	T / W	9633
South	M 38	T / W	23870
West	F 38	T / W	12374

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