It seems the impact of the Global downturn in economies has had a dramatic effect on the market this week. The demand from China has slowed which is affecting the market as caution is the tone from Chinese local processing. Europe has slowed due to increased fuel prices affecting the viability of keeping processing mills open and running at near full capacity. Rising interest rates, a volatile currency, increased energy costs, and shipping issues drag on are playing there part in a downward trend in the market this week. Having said this, the top 8 buyers all have Chinese connections via indent or greasy wool trading and remain solid in their resolve at the top of the buyers list weekly. Grower resistance at this level is evident with a large passed-in and withdrawn rate this week.

AWEX Eastern Indicator compared with 22/09/2022

Eastern Indicator

Close: 1255

Change in % -1.90

Authentico Index Values

15 Micron

Close: 3578

Change in %: +2.80

16 Micron

Close: 3050

Change in %: -0.85

17 Micron

Close: 2576

Change in %: -1.0

18 Micron

Close: 2128

Change in %: +1.40

19 Micron

Close: 1755

Change in %:  -0.68

Authentico Indicator

Close: 2554

Change in %: +0.15


The return of bigger volumes in the coming weeks will surely test the market under the current conditions. Grower resistance may be the key, if growers are prepared to hold for better times ahead. Selection will dictate the terms also, as we are experiencing longer than expected wet seasonal conditions creating some issues with quality. Shearing delays also creating problems with over length. As the season dries out we will certainly have VM issues later on in spring through to the autumn months. Superior quality wool with low vm will certainly be in demand for spinners and weavers moving forward. 

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 13 8316 7411 10.9%
SouthM 13 1409211818 16.1%
WestF 13 5733 4407 23.1%

Auction offering – next week

Sale days
NorthS 14 W – T10285
SouthM 14 W – T22968
WestF 14 W – T 6844

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