It has been an extraordinary turn around for the wool market in the last two weeks. Driven by Chinese demand, all types and descriptions were significantly dearer. With greasy wool supplies low and some fresh demand for prompt delivery, exporters were able to sell good volume leading into the sale and this was followed up again on Tuesday after the first sale day. The main interest is driven by the Chinese domestic market and focused on 17.5 and 18.5 micron short wool tops for the woollen and semi worsted business. Global demand remains limited.

AWEX Eastern Indicator compared with 09/10/2020

Eastern Indicator

Close: 1117

Change in % +9.3%

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Authentico Index Values

15 Micron

Close: 2565

Change in %:  +8.14

16 Micron

Close: 2136

Change in %: +8.26

17 Micron

Close: 1865

Change in %: +7.49

18 Micron

Close: 1671

Change in %: +9.07

19 Micron

Close: 1444

Change in %: +8.49

Authentico Indicator

Close: 1889

Change in %: +8.25


The price premium for fine and superfine over the medium micron merino is very healthy. The superfine sector has often felt the most impact during any market downturn but this has been very different. From 19.0 micron up to 15.5 micron we are seeing a premium of at least 20c per kg for every 0.1 of a micron.

The market is often variable and fluctuating through this period. This might be felt more due to the absence of any great competition for the Chinese but some exporters believe that the market strength is expected to remain through until December. It might depend on the Chinese National Singles Day, the national online shopping event on November 11. If this is successful, demand could continue through to December.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 16                      8101                         7967                  1.7%

South                     M 16                     14351                      14049                 2.1%

West                       F 16                       5228                         5007                 4.2%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 17                        T / W                         7660

South                      M 17                       T / W                       17832

West                        F 17                        T / W                         8601


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