AUSTRALIAN WEEKLY MARKET REPORT

Comment

Auction levels were weaker as the rise of the previous few weeks was clearly unsustainable. It was an unusual sale roster with the Sydney sale selling later in the week due to a public holiday on Monday. Prices did appear to steady early on Thursday. However, with expectations of larger national volume next week, and with the recent price rises, buyers were more inclined to sit on the fence. A couple of the larger buyers were less active late in the week. The better fine wools are in smaller supply, and they continue to be well sought after by both Italian and Chinese interests. Particularly those in the 17.0/18.5-micron range.

AWEX Eastern Indicator compared with 03/10/25

Eastern Indicator

Close: 1517

Change in -3.0%

Authentico Index Values

15 Micron

Close: 3358

Change in %: -0.5

16 Micron

Close: 2540

Change in %: -2.9

17 Micron

Close: 2357

Change in %: -3.5

18 Micron

Close: 2256

Change in %: -2.2

19 Micron

Close: 2065

Change in %:  -2.2

Authentico Indicator

Close: 2434

Change in %: -2.5

Forecast

The market didn’t react well to the unexpected rise of recent weeks and prices were on the decline over the three selling days. A slightly larger national offering of more than 40,000 bales next week did provide an excuse for some usually active buyers to slow their purchase rate. Growers have shown their reluctance to sell in a falling market. Almost 20% of the original quantity offered failed to meet their selling price. This will also help to stabilise prices in the short term.

Auction offering – current week

Market	Sale	Offered	Sold	Passed In
North	S 15	10685	8993	15.8%
South	M 15	21085	17350	17.7%
West	F 15	7512	5346	28.8%

Auction offering – next week

Market	Sale	Sale days	Volume
North	S16	T / W	13040
South	M16	T / W	21412
West	F16	T / W	6903

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