AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The market showed stronger signs this week with more active buyer competition across a broad range of types. Most competition was on the average Chinese types with 1% vegetable matter. As we move further into May and June, the availability of low VM fleece will become less. This will help to maintain pressure on those good specification 1% VM fleece wools suitable for the Chinese and Indian markets.

AWEX Eastern Indicator compared with 10/05/24

Eastern Indicator

Close: 1135

Change in % +0.1

Authentico Index Values

15 Micron

Close: 3186

Change in %: -2.0

16 Micron

Close: 2125

Change in %: -0.6

17 Micron

Close: 1881

Change in %: +0.1

18 Micron

Close: 1714

Change in %: -0.5

19 Micron

Close: 1570

Change in %: -2.2

Authentico Indicator

Close: 1979

Change in %: -0.7

Forecast

Fleece wool around 17.5 micron must now be looking very reasonable in price when compared to other qualities. Particularly the few good ones on the market that are selling for little premium over the average Chinese quality. This is a result of little interest coming from Italy. As a comparison, the long skirtings look expensive in relation to inferior or short fleece wool when considering the better processing results that we would achieve from fleece wool. Essentially, with a fairly depressed market, the variability in price is limited and the better qualities will always be best value.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 46	9671	9284	4.0%
South	M 46	19344	18187	6.0%
West	F 46	6421	5718	10.9%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 47	T / W	11039
South	M 47	T / W	22047
West	F 47	T / W	6233

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