Another extraordinary market reaction this week. While the new level of price is concerning enough, the direction it’s taken to arrive at this point has been extreme. Surely the appetite for wool has not changed that much in such a short period. Confusion is wide spread and confidence within the market is low and not until we get to a level that extracts more widespread interest will we see a reaction. Reports are that there is business but while the market falls, the next level is always lower. How long can this last? All markets react strongly after up and down corrections and we expect this to be no different. But when and from what level? Industry participants with some necessity for wool will be monitoring the next move very carefully.

Crossbred types appear in favour and only minor changes were noted from 26.0 / 32.0 micron.

AWEX Eastern Indicator compared with 23/08/2019

Eastern Indicator

Close: 1375

Change in % -8.15

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

Authentico Index Values

15 Micron

Close: 2431

Change in %: +0.45

16 Micron

Close: 2118

Change in %: -1.44

17 Micron

Close: 2007

Change in %: -3.97

18 Micron

Close: 1932

Change in %: -4.92

19 Micron

Close: 1804

Change in %: -5.85

Authentico Indicator

Close: 2029

Change in %: -3.38


We’ll try to focus on the positives from a negative sale week. 15.0/16.0 micron were much less affected than the broader Chinese qualities. This was a superfine sale in Sydney and the result was positive. Of particular note was the market for non mulesed types. Our own Authentico Index was only 3.38% down for the week compared to an AWEX EMI which fell 8.15%. Our index is influenced by the performance of the finer micron (15.0 and 16.0) types that are important to our clients. The AWEX EMI includes wool down to 16.5 micron average only. We hope that this new Indicator and our Authentico indexes are of value to the industry.

Auction offering – current week

Selling Centres for week 09

Market          Sale          Offered             Sold       Passed In

North                    S 09                      6951                         4801                 30.9%

South                   M 09                     11453                        8200                28.4%

West                     F 09                       6891                         3854                44.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 10                        W-T                           8885

South                      M 10                       W-T                           15718

West                        F 10                        W                               4458


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