With consumer confidence growing in China, we saw a very positive market this week with indent and greasy traders all active. Despite what appears to be a quiet patch in both Europe and Japan the market remains robust, even with quite large volumes on offer. India still approaching the market with caution as the prices they are offering are unrealistic when compared to replacement cost. High quality merino wool remains the focus of many, as they are scarce at this time of the season. Higher dust content, VM, colour and cotted wool are all playing there part in shaping the market. Exporters are being very selective as a result creating some irregularities across the micron ranges.

AWEX Eastern Indicator compared with 28/04/23

Eastern Indicator

Close: 1310

Change in % +0.70

Authentico Index Values

15 Micron

Close: 3956

Change in %: +3.9

16 Micron

Close: 2826

Change in %: -3.4

17 Micron

Close: 2360

Change in %: -1.3

18 Micron

Close: 2051

Change in %: +0.9

19 Micron

Close: 1803

Change in %:  +0.9

Authentico Indicator

Close: 2464

Change in %: -0.3


With currency bouncing around, interest rate hikes, consistently large volumes on offer will all play a role in shaping the market in the coming weeks. The resounding message from abroad is that demand is slow but steady which should assist the market in the coming weeks/months. Dumping and packing backlogs look to be improving especially with a major dump expanding its operations to alleviate the bottle neck that has been in place for some time.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 44 9392 8551 9.0%
SouthM 44 2185819610 10.3%
WestF 44 7588 6559 13.6%

Auction offering – next week

Sale days
NorthS 45 T / W 9916
SouthM 45 T / W 27129
WestF 45 T / W 11598

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