Despite Europe being relatively quiet at the moment we are still seeing good potential in the high quality certified arena sub 15 micron and standard Euro types 17/18/19 micron this week.The Authentico index values remain very stable. All other micron categories traded evenly this week with general support from all sectors. The stronger currency at the beginning of the week sparked some interest and the market reacted accordingly in a positive manner, completely the opposite to what exporters were expecting. Chinese domestic market seemed to be improved this week as consumers start to emerge after a long covid cautionary period. China export however has slowed. Shearing seems to be ahead of schedule and growers taking the opportunity to sell immediately rather than play the waiting game. This should enhance the market as we are not building any stockpile of wool held in store. New seasons wool are rolling in and we are seeing some very well prepared wool clips to satisfy current demand.

AWEX Eastern Indicator compared with 03/10/23

Eastern Indicator

Close: 1128

Change in % 0.0

Authentico Index Values

15 Micron

Close: 3374

Change in %: +0.3

16 Micron

Close: 2275

Change in %: -1.0

17 Micron

Close: 1826

Change in %: -0.1

18 Micron

Close: 1650

Change in %: +0.6

19 Micron

Close: 1515

Change in %:  -0.1

Authentico Indicator

Close: 1987

Change in %: -0.1


The next few weeks offerings are relatively stable around 40/45,000 bales which is sufficient to meet the current demand. If the currency remains stable then the market will follow suit, however any upward movement will surely see a short term rally, especially from Chinese processors. European market remains very slow at the moment as they approach then end of financial year.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 19 1292312182 5.7%
SouthM 19 2225219932 10.4%
West F 19 7507 6777 9.7%

Auction offering – next week

Sale days
NorthS 20 T / W 11178
SouthM 20 T / W 27134
WestF 20 T / W 7107

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