The market traded in a narrow range again this week, highlighted by the positive tone at the close on Wednesday. The market was most definitely more keenly contested in the closing stages of Wednesday’s sale and finished strongly in Fremantle. While it’s difficult to measure for a variety of quality variables, the non mulesed selection is again attracting a wider range of competition and certain NM lots are more difficult to buy, pushed by greater competition. Demand is coming from China as well as Europe with a particular focus around 17.0 to 18.0 micron. This strength is reflected in our Authentico Index Values for these micron groups.

AWEX Eastern Indicator compared with 13/11/2020

Eastern Indicator

Close: 1159

Change in % -2.52%

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Authentico Index Values

15 Micron

Close: 2595

Change in %:  -2.99

16 Micron

Close: 2215

Change in %: -1.42

17 Micron

Close: 1947

Change in %: -0.92

18 Micron

Close: 1739

Change in %: +1.22

19 Micron

Close: 1505

Change in %: -1.83

Authentico Indicator

Close: 1959

Change in %: -0.81


41,000 bales are currently listed for sale next week. M$40 AUD worth of wool was sold to the trade in week 21 so we are seeing a more consistent level of finance coming into the market. According to AWEX reports, first hand offered wool at auction is down just 0.9% compared to the same period last year. This is despite the AWTA figures indicating a much poorer picture with regards to production. AWTA tested bales to end October were down 12% year on year. With the market resurgence since the low period of early September, we remain confident in the medium term.

Auction offering – current week

Market          Sale          Offered             Sold       Passed In

North                      S 21                      9148                        7550                  17.5%

South                     M 21                     18863                      15458                18.1%

West                       F 21                       6904                       5092                 26.2%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 22                        T / W                       10858

South                      M 22                       T / W                       22971

West                        F 22                        T / W                       7698


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