Driven by strong buying activity by indent operators on behalf of Chinese interests, the market opened generally flat. Most likely aided by a softening local currency against the USD. As the week progressed, a greater level of optimism was evident, and this pushed prices up as the sale progressed. Most interest was on the typical Chinese types 19.0 / 22.0 micron.

AWEX Eastern Indicator compared with 21/04/23

Eastern Indicator

Close: 1302

Change in % +1.0

Authentico Index Values

15 Micron

Close: 3807

Change in %: unch

16 Micron

Close: 2927

Change in %: +0.8

17 Micron

Close: 2392

Change in %: -0.5

18 Micron

Close: 2032

Change in %: -1.3

19 Micron

Close: 1786

Change in %:  +1.2

Authentico Indicator

Close: 2472

Change in %: -0.2


Supply of good quality fine wool is almost nonexistent with just the odd lot that would meet the standard of a typical European weaver type. The improved demand late this week should hopefully lead to a positive opening next week. Currency movements will need to be considered as well as we lead into the sale on Tuesday. Most customers have been cautious, but it might not be the best period to sit on the fence. If you need wool, then it looks to be an opportune time to take some decisions. Good wool is hard to find, and we expect this to be the situation until late August.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 43 8894 8255 7.2%
SouthM 43 2172819814 8.8%
WestF 43 7883 6898 12.5%

Auction offering – next week

Sale days
NorthS 44 T / W 10027
SouthM 44 T / W 26271
WestF 44 T / W 8229

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