AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

The most significant improvement in the market this week came via increased competition from Italian interests on the best wools 18.0 micron and finer. In commercial quantities, the most important microns are 16.0 to 18.0 micron, and we had these wools up to 2.6% dearer over the week. It was encouraging to see stronger competition on these wools. It was also noted that Chinese interests were also willing to pay more for the ‘European type’ with better length and strength specification. No doubt that they have been good value compared to the more average wools and, as we move towards Christmas, the main volume has already been sold. Ultrafine wools, 13.5 micron and finer, were again keenly sought after.

AWEX Eastern Indicator compared with 22/11/24

Eastern Indicator

Close: 1144

Change in % unchanged +0.6

Authentico Index Values

15 Micron

Close: 3177

Change in %: +0.6

16 Micron

Close: 2225

Change in %: +2.6

17 Micron

Close: 1923

Change in %: +2

18 Micron

Close: 1763

Change in %: +2.6

19 Micron

Close: 1592

Change in %: +1.2

Authentico Indicator

Close: 2027

Change in %: +2.2

Forecast

Quantities for sale remain tight and there is definite pressure from buyers chasing the better types. Low VM, well prepared fleece lines with staple length around 75 to 90 mm and 40 nkt+ are those most keenly sought after and selling above grower expectations.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 22	10747	10331	3.9%
South	M 22	17841	16874	5.4%
West	F 22	4778	4325	9.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S23	T / W	10126
South	M23	T / W	23271
West	F23	T /W	6183

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