There were some quite distinct patterns in the way prices moved this week. The best fine wool of 17.5 micron and finer remain very keenly sought after, albeit in small supply, The average fine wool, most usually destined for the Chinese market, were all tending cheaper over the week as demand slows in China for the finer types. The 18.0 to 19.0 micron range didn’t change much. At the other end of the merino selection, the 19.5 to 21.5 micron prices all increased. Of particular interest is the light fault fleece. Those with less than 1.0% attracted much greater buyer interest than lines with 1.5% VM. This is a simple consequence of supply and demand. The average VM on the market is higher as a result of the season.

AWEX Eastern Indicator compared with 17/06/2022

Eastern Indicator

Close: 1474

Change in % +0.48

Authentico Index Values

15 Micron

Close: 3958

Change in %: -3.65

16 Micron

Close: 3503

Change in %: -0.51

17 Micron

Close: 3011

Change in %: -1.38

18 Micron

Close: 2428

Change in %: -0.16

19 Micron

Close: 1987

Change in %:  +3.06

Authentico Indicator

Close: 2927

Change in %: -0.88


The market was just a little less extreme this week, with the obvious exception being the broader merino types. It was only a small sale consisting of less than 30,000 bales nationally and perhaps some are waiting for the larger volume sales to be held in July. Often the larger volume sales attract more buyer interest. We expect little change next week, along similar patterns to what we’ve had recently. Some could be looking ahead to week 01.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 51 1167710264 12.1%
SouthM 51 1813016306 10.1%
WestF 51 no sale

Auction offering – next week

Sale days
NorthS 52 T-W11879
SouthM 52 T-W21644
WestF 52 T-W 11480

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