Australian Weekly Market Report

Published August 10, 2018 by Tim Marwedel

General Market Summary

Sales have resumed this week following the mid-year recess. The market was generally expected to open lower. The limited volume of sales over recent weeks has reportedly been below the auction price levels at the close in July and there’s usually a little caution at the opening after a recess. Prices were initially around 1% below the closing basis and steadily improved from there, pushing dearer to close higher for the week. Of most interest to buyers was 19.0 micron and finer. There is no doubt a real shortage of wool still remains through the pipeline and as we head towards the traditional peek of the wool supply period, it is likely to be an interesting time ahead. This market continues to be tremendously resilient. Supply and demand will ultimately dictate the price of the raw materials. It’s that simple.

AWEX Eastern Indicator compared with 12/07/2018

Eastern Indicator

Close: 1990

Change in %: +0.45%

If you want to learn more about AWEX indicators, visit the official website

Schneider Indicators compared with 12/07/2018

15 Micron (*)

Close: 3463

Change in %: +0.58

16 Micron

Close: 3059

Change in %: – 0.88

17 Micron

Close:  2594

Change in %: -1.89

18 Micron

Close: 2342

Change in %: -0.26

19 Micron

Close: 2225

Change in %: +1.62

(*) Marketed from September to March

Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it’s not influenced by currency fluctuations.

Wool indicators are anyway based on Australian Dollar.

If you want to learn more about SCHNEIDER indicators Click here.


We were a little surprised at the volume of fine wool on the market in this first sale of August. We understand shearing dates are well in advance as growers push to take advantage of wool prices and to ensure the wool comes of their sheep while the stock remain in reasonable condition. Production levels are expected to decline due to the drought. This has become a significant drought. Arguably the worst on record for many and it must impact on the volume and quality of fine wool this season.

Each season the supply of better fine wool has moved earlier and earlier and this season is expected to follow that trend.

Auction offering – current week

Selling Centres for week 06

Market          Sale          Offered          Sold          Passed In

North                   S 06               17855                    16975              4.9%

South                   M 06              23258                  22222              4.5%

West                     F 06               8302                    7879                5.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                   S 07                W-T                            13216

South                   M 07               W-T                            19826

West                     F 07                W                                4248

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