Australian Weekly Market Report

Published November 30, 2018 by Tim Marwedel


The fine wool indicators went up in Sydney while they went down in Melbourne. This highlights the importance of the quality of the selection on the indicators. The offering of 18.5 micron and finer in Sydney was more suited to Italian weaver interests so attracted a different level of support. In this case, just to read the index values is misleading, you need to understand the offering as well. It was a very good market for 18.0 micron and finer. Buyers tended to focus more on the finer wool as they look better value in comparison. Unsure of what to buy, some traders, particularly the Chinese, seemed to favour what looked best value and the 19.5 / 21.0 usual types were too expensive following last week’s rally. There was little premium for the better types and they still seem best value to us. Overall it was a good result for the market while the Australian dollar improved against the USD on Thursday. The Fremantle sale seemed to over react on Wednesday so if firmed up a little more than the eastern markets later in the week.

AWEX Eastern Indicator compared with 22/11/2018

Eastern Indicator

Close: 1860

Change in %: +0.11%

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

Schneider Indicators compared with 22/11/2018

15 Micron (*)

Close: 2,721

Change in %: +3.2

16 Micron

Close: 2,529

Change in %: +0.83

17 Micron

Close:  2,356

Change in %: -0.25

18 Micron

Close: 2,241

Change in %: +0.71

19 Micron

Close: 2,119

Change in %: +1.56

Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it’s not influenced by currency fluctuations.

Wool indicators are anyway based on Australian Dollar.

If you want to learn more about SCHNEIDER indicators Click here.


As the Chinese interest gained momentum, the most inferior types were more keenly sought after. There is little discount for tender and the more inferior types, including those with VM up to 2.5%, so the best lots look better value to us. We keep saying it but the interest in non mulesed wool continues to gain momentum and for sure demand is outrunning supply at the moment as competition emerges from a wider range of buyers.

Auction offering – current week

Selling Centres for week 22

Market          Sale          Offered          Sold          Passed In

North                   S 22                 8779                     8375                 4.6%

South                   M 22               17691                   16332                7.7%

West                     F 22                8043                     7176                10.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                   S 23                W-T                            9728

South                  M 23                W-T                           20672

West                    F 23                W-T                             9110

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