Australian Weekly Market Report

Published August 24, 2018 by Tim Marwedel

General Market Summary

It was a smaller national offering with a wide variety of types. An increased passed in rate (10.8%) resulted with prices easing from the extreme basis the week prior. Ultimately just 26,500 bales were sold. It’s extremely small volume for this time of the season. AWEX reports that first hand offered wool in clean kilograms is down 13.2% compared to the same period last year. Not just are first hand offered bales down, but there remains almost no wool held in store on behalf of growers. This critical shortage is dictating the market terms. Last weeks extreme rise had the AWEX EMI increasing by an incredible 126 cents. This week, while cheaper, it was by less than half of last week’s increase, a common theme in recent times. Prices for 19.5 and broader improved towards the close of sale on Wednesday.

AWEX Eastern Indicator compared with 17/08/2018

Eastern Indicator

Close: 2068

Change in %: -2.27%

If you want to learn more about AWEX indicators, visit the official website

Schneider Indicators compared with 10/08/2018

15 Micron (*)

Close: 3511

Change in %: -5.41

16 Micron

Close: 3061

Change in %: – 3.63

17 Micron

Close:  2747

Change in %: -2.26

18 Micron

Close: 2489

Change in %: -0.76

19 Micron

Close: 2335

Change in %: -1.50

Each indicator is expressed by a number representing a market quotation for a selected range of types and is not a price expression and it’s not influenced by currency fluctuations.

Wool indicators are anyway based on Australian Dollar.

If you want to learn more about SCHNEIDER indicators Click here.


Some political instability this week has resulted in a fluctuating Australian dollar value and this could impact on local prices next week. We have the first of the designated superfine sales next week and an improvement in quality and quantity of 14.5/18.0 micron for the first time in at least 6 months.

Auction offering – current week

Selling Centres for week 08

Market          Sale          Offered          Sold          Passed In

North                   S 08                10348                     9532                   7.9%

South                   M 08               19343                    16967                 12.3%

West                    no sale

Auction offering – next week

Market          Sale          Sale days          Volume

North                   S 09                W-T                            10541

South                   M 09               W-T                            16019

West                     F 09                W-T                            8400

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