AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

A very positive reaction in the wool market this week, with the volatile currency, the return of all the Chinese topmakers and indent buyers after Chinese Lunar New Year Celebrations and renewed competition from European and Indian assets helping drive the market to new levels not seen since May 2023. Add to this an excellent selection of high-quality superfine wool which is the first of 3 weeks of an outstanding offering which growers have held on to in the hope of renewed interest and they have been rewarded. High quality certified wool is again reaping the benefits of keen competition showing healthy price incentives, this is off the back of genuine demand globally. Some of the best prepared merino superfine wool on offer through this period will surely gain from increased demand and competition from all sectors. The best performers this week were the broad merino categories 19 – 21 micron showing significant improvement in what could be the start of an upward trend as AWTA data shows a significant reduction in these categories moving forward. Renewed interest from India and Europe has added competition to the market as we hear the Chinese economy is going through some short-term difficulties and slightly better than expected economic data out of Europe as the new financial year starts.

AWEX Eastern Indicator compared with 31/01/25

Eastern Indicator

Close: 1215

Change in % unchanged +1.9

Authentico Index Values

15 Micron

Close: 2902

Change in %: -0.4

16 Micron

Close: 2173

Change in %: +0.5

17 Micron

Close: 1942

Change in %: -0.5

18 Micron

Close: 1781

Change in %: +0.7

19 Micron

Close: 1678

Change in %: +1.1

Authentico Indicator

Close: 2009

Change in %: +0.15

Forecast

Week 33 offers 41,000 bales which is a designated superfine sale in Melbourne showcasing some the best superfine merino wool we have seen this season. Look out for renewed interest in the high-quality markets coupled with keen interest from China 19-21 microns. No shipping delays at this stage to affect the market as traffic through the dumps seem relatively normal. Keep an eye on broad merino prices and crossbred prices as supply and demand come in to effect.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 32	12409	11944	3.7%
South	M 32	19169	18045	5.9%
West	F 32	6072	5558	8.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S33	T / W	8951
South	M33	T / W	24743
West	F33	T / W	7549

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