The market showed stronger signs this week with more active buyer competition across a broad range of types. Most competition was on the average Chinese types with 1% vegetable matter. As we move further into May and June, the availability of low VM fleece will become less. This will help to maintain pressure on those good specification 1% VM fleece wools suitable for the Chinese and Indian markets.

AWEX Eastern Indicator compared with 10/05/24

Eastern Indicator

Close: 1135

Change in % +0.1

Authentico Index Values

15 Micron

Close: 3186

Change in %: -2.0

16 Micron

Close: 2125

Change in %: -0.6

17 Micron

Close: 1881

Change in %: +0.1

18 Micron

Close: 1714

Change in %: -0.5

19 Micron

Close: 1570

Change in %:  -2.2

Authentico Indicator

Close: 1979

Change in %: -0.7


Fleece wool around 17.5 micron must now be looking very reasonable in price when compared to other qualities. Particularly the few good ones on the market that are selling for little premium over the average Chinese quality. This is a result of little interest coming from Italy. As a comparison, the long skirtings look expensive in relation to inferior or short fleece wool when considering the better processing results that we would achieve from fleece wool. Essentially, with a fairly depressed market, the variability in price is limited and the better qualities will always be best value.

Auction offering – current week

MarketSaleOfferedSoldPassed In
NorthS 46 96719284 4.0%
SouthM 46 1934418187 6.0%
West F 46 6421 5718 10.9%

Auction offering – next week

Sale days
NorthS 47 T / W 11039
SouthM 47 T / W 22047
WestF 47 T / W 6233

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