All merino types and descriptions were in demand this week. Prior to the opening of the auction, prices were expected to be strong with exporters and traders hinting at healthy sales since the previous close. The market opened strongly and continued. The most inferior types were initially the most affected with volume and price the most important factors. On day two there were some signs that buyers were keener on the better specification, which were clearly better value. In monetary terms, the finer types continue to increase the most but there was a shift in focus this week towards the medium and broader merinos when considered as a percentage gain. Some were likely looking for better value in this range.

AWEX Eastern Indicator compared with 11/06/2021

Eastern Indicator

Close: 1448

Change in % +3.95

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Authentico Index Values

15 Micron

Close: 3584

Change in %:  +5.04

16 Micron

Close: 3111

Change in %: +5.21

17 Micron

Close: 2688

Change in %: +4.31

18 Micron

Close: 2325

Change in %: +5.68

19 Micron

Close: 1929

Change in %: +5.87

Authentico Indicator

Close: 2677

Change in %: +5.06


The most obvious signal from this week’s sale was how little focus there was on staple length or strength. Often, we talk about mid break being a key characteristic that determines demand. This was not an issue this week. All qualities within a particular point of micron, regardless of length, strength or mid break, were all costing the same. This is an indication of the market dominance of China but also the focus on knitting types rather than the weaving types which typically require better performing characteristics.

The Australian dollar has eased significantly against the USD overnight. This could have an interesting influence on the local market if maintained until Tuesday.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 51                  12554                 12062               3.9%

South                     M 51                  19564                18618                4.8%

West                       F 51                   10378                 9847                 5.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 52                     T-W                             12525

South                     M 52                     T-W                            22075

West                       F 52                      no sale

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