There was little change in the market this week with the exception of good types 18.0 micron and finer. They were generally dearer for the week and the best competition was clearly on the NM/CM clips.  Most would see this very positively with demand from China ‘cautious’ at best. Almost all other types and descriptions tracked sideways this week in terms of price. Italian interests were again keen on better fine wool. During this period, supply is at it’s best in terms of quality so they’re making the most of this opportunity to secure these very suitable types.

AWEX Eastern Indicator compared with 01/10/2021

Eastern Indicator

Close: 1339

Change in % +0.15

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Authentico Index Values

15 Micron

Close: 3918

Change in %:  +5.32

16 Micron

Close: 3122

Change in %: -2.38

17 Micron

Close: 2779

Change in %: +0.72

18 Micron

Close: 2333

Change in %: +2.14

19 Micron

Close: 1855

Change in %: +3.11

Authentico Indicator

Close: 2735

Change in %: +3.11


Most expect the market to firm up later this month but it could be just a little different this year considering the market has been performing more consistently all year than what we have grown to expect. The Chinese seem more circumspect with regards to their buying as they come to terms with reduced production capacity following a government intervention. Demand from Europe is better and for a wider range of types but the market will still rely on Chinese demand if we are to see the usual October spike. There could also be a few more growers holding on for this too. Confidence needs to be a little better from China than what it is at the moment and we understand payments could be a little slow to exporters as well. This could impact on cash for purchasing in the next week or so.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 14                   12013                 10665                11.2%

South                     M 14                   18514                 16441                11.2%

West                       F 14                    4816                    4212                 12.5%

Auction offering – next week

Market          Sale          Sale days     Volume

North                      S 15                      T / W                    11062

South                      M 15                     T / W                   24507

West                        F 15                      T / W                     7186

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