The strong auction market last week was well maintained for the best fine types, especially those wools certified with a NM or CM mulesing status. Good results were achieved on Tuesday but the market settled on Wednesday before remaining generally firm on Thursday. The highlight was the better specification fine wool types. They were keenly sought after and tracked dearer in the 18.5 micron and finer range. This trend was similar for both best fleece and best light fault skirtings. Wool being sourced from farms who no longer mules (NM and CM) continue to be favored, especially from European interests. These wools continued dearer to the close of sale. Following the better-than-expected result last week, the large volume of average specification Chinese quality types were a little irregular through the middle of the week before firming in a smaller national offering (Melbourne only) on Thursday. Some sections of the trade were keener than others and good performing types were the focus. The Australia dollar is fluctuating a little from day to day against the USD and having a small influence on the market. The good season has certainly impacted on the micron profile of the clip. Most clips are broader than recent years and this is encouraging the strong results in the fine and superfine sector.

AWEX Eastern Indicator compared with 14/01/2021

Eastern Indicator

Close: 1392

Change in % +0.22

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Authentico Index Values

15 Micron

Close: 3897

Change in %: +2.63

16 Micron

Close: 3154

Change in %: +2.90

17 Micron

Close: 2702

Change in %: +2.27

18 Micron

Close: 2342

Change in %: +3.9

19 Micron

Close: 1904

Change in %: +1.33

Authentico Indicator

Close: 2724

Change in %: +2.83


Sales will be held on Tuesday and Thursday next week with our national holiday, Australia Day, falling on Wednesday. The Chinese New Year celebrations will start a week later on 1st February. We see little change to the market in the short term with only minor adjustments based on selection and currency from day to day.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North              S 29           10496        9601          8.5%

South               M 29           26119       23248        11.0%

West                F 29            9641        8536         11.5%

Auction offering – next week

Market          Sale          Sale days     Volume

North               S 30            T / T 10656

South               M 30          T / T 22283

West                F 30            T / T 13551

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