Market volatility continued this week with a reversal of last week’s easing trend. Prices got off to a stronger start and stabilised on Thursday after overacting just a little late on Wednesday. All in all, it was a more promising market tone this week, particularly for the finer microns. It was the better lots 15.5 / 17.0 micron that attracted the most attention with the Chinese focus supported strongly from European interests. Our Authentico indicators performed in line with the general market for 15.0 / 17.0 micron but typically, our index values are more stable than the general market for 18.0 and 19.0 micron.

AWEX Eastern Indicator compared with 8/11/2019

Eastern Indicator

Close: 1574

Change in % +1.22

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Authentico Index Values

15 Micron

Close: 2542

Change in %: +1.72

16 Micron

Close: 2333

Change in %: +2.32

17 Micron

Close: 2181

Change in %: +2.59

18 Micron

Close: 2064

Change in %: +0.98

19 Micron

Close: 1965

Change in %: +0.98

Authentico Indicator

Close: 2191

Change in %: +1.81


There was more interest from the Chinese sector this week, as mentioned in our weekly comment, this was more focused on the finer merinos. We’ve said for a while now that they have appeared better value. Now that selection is slowing for the better fine wool, if interest from China is maintained, we remain positive for this market. Production is particularly affected in this range, specifically when considering quality types.

Our thoughts are with our wool grower friends now battling bush fires after lengthy period of drought and costly supplementary feed bills. Their resilience in these times is extraordinary and our support and best wishes for a satisfactory outcome.

Auction offering – current week

Selling Centres for week 20

Market          Sale          Offered             Sold       Passed In

North                      S 20                      9781                        9139                   6.6%

South                     M 20                     19985                      18741                  6.2%

West                       F 20                       6344                         5704                 10.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 21                       W-T                           10015

South                      M 21                      W-T                           21779

West                        F 21                       W-T                            8932


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