AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The was not a lot of movement in the market this week. Overall, just a slight softening of prices, on average. The better European specification types were again selling better than the standard Chinese types. The exception being those wools carrying more VM, they are still in better demand for Chinse mills. For this reason, the Sydney market performed a little better than Melbourne. The Sydney offering consisted of some very good quality types with lower CVH and higher strength compared to the Melbourne offering which was larger but containing volume of longer staple length wools. The certified New Zealand selection again sold well in Melbourne with the focus on the broader RWS wools of 18.5 and coarser. More so than the finer wools which were in good supply.

AWEX Eastern Indicator compared with 15/11/24

Eastern Indicator

Close: 1137

Change in % unchanged -0.4

Authentico Index Values

15 Micron

Close: 3157

Change in %: -2.4

16 Micron

Close: 2168

Change in %: -0.6

17 Micron

Close: 1885

Change in %: -0.1

18 Micron

Close: 1718

Change in %: +0.3

19 Micron

Close: 1573

Change in %: -0.7

Authentico Indicator

Close: 1982

Change in %: -0.8

Forecast

Only 35,000 bales rostered again for next week. Growers who can hold their wool financially, are not convinced to sell at the moment. Some are forced to as a result of rising costs and no clear picture that market circumstances will improve in the coming weeks.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 21	9735	8934	8.2%
South	M 21	21158	19537	7.7%
West	F 21	5070	4509	11.1%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S22	T / W	10649
South	M22	T / W	18654
West	F22	T	5191

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