AUSTRALIAN WEEKLY MARKET REPORT - The Schneider Group

Comment

Fluctuating currency markets resulted in an easing of prices across most descriptions. At the slightly reduced basis, the buying bench was altered a little but there were still some companies willing to consume the volume with the slight discount. This was the positive point. Although a little easier to buy, there was to confidence in the market to continue to buy around these levels and this kept the market stable at the slightly lower base. There has been a long period of steadily improving market levels, so it’s not uncommon to see a slight correction.

AWEX Eastern Indicator compared with 21/03/25

Eastern Indicator

Close: 1245

Change in % unchanged -0.4

Authentico Index Values

15 Micron

Close: 2989

Change in %: +2.3

16 Micron

Close: 2180

Change in %: -1.0

17 Micron

Close: 1921

Change in %: -1.6

18 Micron

Close: 1806

Change in %: -1.5

19 Micron

Close: 1733

Change in %: -0.4

Authentico Indicator

Close: 2026

Change in %: -0.8

Forecast

No doubt that the supply is impacting on the market trend. Focus is on the wools that have been grown in the regions that are experiencing better seasonal conditions. Clips with higher yields and better tensile strengths are attracting better competition. Those lucky enough to have lower VM (around 1.0%) are also attracting stronger demand.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 39	10944	10349	5.4%
South	M 39	19221	17859	7.1%
West	F 39	8883	8036	9.5%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S40	T / W	10344
South	M40	T / W	22779
West	F40	T / W	8369

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