AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

There was more widespread competition at this week’s auction. The total volume on offer was just 26,000 bales nationally and this included some older bales coming out from the grower held stocks. Selected best style and specification lines, suitable for the Italian market, were keenly sought after. They were around 2% dearer. We’re also seeing some better market premiums for good quality ‘certified’ wools. That is, those that are NM and certified with a QA program. Other than that, it was a generally positive market all round this week. Buyers and traders were all a little more active.

AWEX Eastern Indicator compared with 31/05/24

Eastern Indicator

Close: 1152

Change in % +1.3

Authentico Index Values

15 Micron

Close: 2967

Change in %: -3.0

16 Micron

Close: 2167

Change in %: +1.6

17 Micron

Close: 1861

Change in %: unchanged

18 Micron

Close: 1705

Change in %: +1.1

19 Micron

Close: 1595

Change in %: +1.9

Authentico Indicator

Close: 1959

Change in %: +0.3

Forecast

Sales will be held on Wednesday and Thursday next week. The market is expected to remain positive, around these levels.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 49	11322	10969	3.1%
South	M 49	15575	14585	6.4%
West	F 49	no sale

Auction offering – next week

Market	Sale	Sale days	Volume
North	S 50	W / T	10636
South	M 50	W / T	15917
West	F 50	W / T	7261

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