AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

What a good start to the year with the wool market finishing in positive territory for all micron categories. The A$ dropping by approx. 3% fuelled the market while keeping the US conversion at similar levels prior to the 3-week recess. Greasy traders were active over the break selling at slightly above the close and good volumes. Indent buyers protecting stock previously purchased continue to accumulate volume. Chinese interests led the way with increased activity, while Europe and India remain relatively quiet to start. Certified wool again offering price incentives for high quality, making it relevant to stay engaged in this process as demand lifts. Clip preparation again in the spotlight as buyers select carefully to fulfil commitments.

AWEX Eastern Indicator compared with 18/12/24

Eastern Indicator

Close: 1190

Change in % unchanged +3.0

Authentico Index Values

15 Micron

Close: 3017

Change in %: unch

16 Micron

Close: 2155

Change in %: -0.3

17 Micron

Close: 1924

Change in %: +1.0

18 Micron

Close: 1766

Change in %: +0.7

19 Micron

Close: 1678

Change in %: +3.0

Authentico Indicator

Close: 2007

Change in %: +0.7

Forecast

While the wool market opened positively, demand remains very thin. We have designated superfine wool sales coming up in Week 32/33/34 which will be the last opportunity to select any volume of high-quality fine wool, which we are hoping will provide the competition the market requires to continue in a positive manner.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 29	11022	10667	3.2%
South	M 29	25064	24006	4.2%
West	F 29	8348	7864	5.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S30	T / W	15479
South	M30	T / W	25855
West	F30	T / W	7596

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