Finally, a bit of stability in the market. Prices settled on Wednesday a little above the close in Fremantle from the previous week. That basis was the most recent to go on and the one most chose to compare against considering the extreme volatility of last week. With many local traders in China for the Nanjing Wool Conference, it was pleasing to see a small improvement from that basis on Thursday. All in all it must be considered a very positive result.

AWEX Eastern Indicator compared with 13/09/2019

Eastern Indicator

Close: 1542

Change in % +0.46

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Authentico Index Values

15 Micron

Close: 2484

Change in %: +1.72

16 Micron

Close: 2239

Change in %: +0.49

17 Micron

Close: 2139

Change in %: +2.59

18 Micron

Close: 2043

Change in %: +0.89

19 Micron

Close: 1932

Change in %: -0.51

Authentico Indicator

Close: 2144

Change in %: +1.28


Sale volumes remain small and while we acknowledged some wool was passed in and withdrawn in recent weeks, it’s not coming back onto the market in any great numbers. Some were of the opinion that this factor might be a negative for the market but as yet it’s not impacting on sale volumes nor the market. There will be less than 30,000 bales offered for sale next week. The relative stability around these levels is encouraging more interest from our clients. The market from October is generally quite positive historically and we see no reason for this not to continue this season.

Auction offering – current week

Selling Centres for week 12

Market          Sale          Offered             Sold       Passed In

North                    S 12                       8668                          7973                  8.0%

South                   M 12                      15027                         13233                11.9%

West                     F 12                        6440                          5801                  9.9%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 13                        W-T                            7559

South                      M 13                       W-T                           14904

West                        F 13                        W-T                            6827


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