AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The market has opened after the Easter recess on a firm note. There was not a lot of optimism leading into the sale. However, as has been the recent trend, the market continues to outperform the general expectation. Some markets are willing the price lower, but it’s not trending that way. On the back of generally flat prices early in the week, the market was 1.5% dearer on Thursday helped along by a more favorable USD/AUD exchange rate for exporters. The 19.5-micron area, a traditionally preferred micron for the Chinese market, is performing better than most categories.

AWEX has reported that the 50,184 bales sale was the largest this calendar year.

AWEX Eastern Indicator compared with 28/03/24

Eastern Indicator

Close: 1142

Change in % unchanged

Authentico Index Values

15 Micron

Close: 3251

Change in %: -0.2

16 Micron

Close: 2139

Change in %: -0.5

17 Micron

Close: 1879

Change in %: -1.2

18 Micron

Close: 1724

Change in %: +1.4

19 Micron

Close: 1606

Change in %: +1.6

Authentico Indicator

Close: 1994

Change in %: unchanged

Forecast

The annual International Wool Textile organisation (IWTO) conference heads to Adelaide, Australia, next week. Many of the brokers and exporters will be present and hoping to find some positive news for the future of the wool industry. Commercial interests have been slowly returning to this conference in recent years.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 41	13905	13074	6.0%
South	M 41	26899	25277	6.0%
West	F 41	9344	8106	13.2%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 42	T / W	9917
South	M 42	T / W	26043
West	F 42	T / W	10451

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