Following on from the positive close the previous week, the market opened strongly. Reports of strong domestic demand in the Chinese market, perhaps driven by a large uniform order, has fueled interest. The local currency is erratic against the USD but the most positive outcome was the result of the sale on Wednesday. After a strong performance in the auction on Tuesday, the Australian dollar strengthened by 2% overnight before the Wednesday sale. The market hardly moved and in fact rallied all the way to the close on Wednesday. A very strong indication of prompt demand. The large indent buyers were active and the local traders, a little less dominant, were picking up through the sale. Overall, the market improved by 2 to 3% and more than this in USD terms.

AWEX Eastern Indicator compared with 10/11/23

Eastern Indicator

Close: 1151

Change in % +2.0

Authentico Index Values

15 Micron

Close: 3297

Change in %: -2.2

16 Micron

Close: 2336

Change in %: +2.6

17 Micron

Close: 1895

Change in %: +3.7

18 Micron

Close: 1702

Change in %: +3.1

19 Micron

Close: 1558

Change in %:  +2.8

Authentico Indicator

Close: 2032

Change in %: +2.2


At this stage, the current auction strength has not resulted in a flush of wool onto the market. This is important, to help build confidence around this improved level. The past in rates indicated in this report are concentrated on the carding and crossbred types. The merino offering is selling at a higher rate. According to AWEX auction data, 5% more wool has been sold this season to date compared to the same period in 2022. According to AWTA test data to end of October, only 2.6% more wool (weight) was tested. Clearly, some of the grower held stock is moving.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 20 1071710248 4.4%
SouthM 20 2207720597 6.7%
West F 20 5653 5422 4.1%

Auction offering – next week

Sale days
NorthS 21 T / W 11239
SouthM 21 T / W 26715
WestF 21 T / W 7961

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