AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Currency exchange rate variations following the recent US federal election have had a strong influence on the market this week. The Australian dollar was lower against the Greenback. All types traded at around 1% to 1.5% dearer over the week with the exception of the small and varied offering sub 15.0 micron. These types are variable in price with the more stylish bales that are NM and certified, attracting much better competition. As well as this, the wools finer than 15.0 micron tend to get much stronger support, and the level of competition escalates as micron becomes finer. It’s an indication that the small ultra-luxury market is still OK. All other descriptions were generally positive over the week, including the open top and crossbred market.

AWEX Eastern Indicator compared with 08/11/24

Eastern Indicator

Close: 1142

Change in % unchanged +0.9

Authentico Index Values

15 Micron

Close: 3236

Change in %: +2.8

16 Micron

Close: 2181

Change in %: -0.5

17 Micron

Close: 1881

Change in %: +1.8

18 Micron

Close: 1713

Change in %: +1.5

19 Micron

Close: 1584

Change in %: +1.2

Authentico Indicator

Close: 1998

Change in %: +1.3

Forecast

Most indications would suggest that demand is steady and limited but enough to maintain a slightly positive market trend as we move towards Christmas. Supported by the large volume of wool being purchased on consignment by indent operators and in limited supply. Wool is being purchased for arrival into China to be available after the Chinese New Year. European interest is limited but strongly focused on the better types that are attracting only minimum premiums.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 20	9485	9002	5.1%
South	M 20	15991	15135	5.4%
West	F 20	6593	6092	7.6%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S21	T / W	9929
South	M21	T / W	24529
West	F21	T	5158

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