There was welcome interest from the local traders with small but more consistent interest coming from China. We’re pleased that the band that the market is reacting within is now much smaller compared to last month. The better types and the most inferior types were the least affected as the typical Chinese qualities were in favour this week. Again, of interest to our group was the focus on 16.5 micron and finer. This is a micron range that is typically sought after by Italian weavers. For some time now they have appeared good value and as the Chinese focus remains on 18.5 and broader, it was only a matter of time before some trade activity shifted to the finer microns for value. Demand for the finer microns for more formal suiting has been reduced quite dramatically this season. So, perhaps this is a good sign of some market improvement in this sector.

AWEX Eastern Indicator compared with 18/10/2019

Eastern Indicator

Close: 1545

Change in % +1.85

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Authentico Index Values

15 Micron

Close: 2424

Change in %: +0.75

16 Micron

Close: 2206

Change in %: -0.18

17 Micron

Close: 2084

Change in %: +1.17

18 Micron

Close: 2017

Change in %: +0.95

19 Micron

Close: 1953

Change in %: +2.63

Authentico Indicator

Close: 2109

Change in %: +0.91


Looking into AWEX EMI data back to 2010 we note a regular spike in the AWEX EMI around early to mid-October. The omissions were 2018 and 2011 both strong market years and prices in those years were coming from high levels in the preceding months. In 2010, 2012, 2014, 2015 ,2016 and 2017 the EMI showed a strengthening trend to a stronger market in the month of October that was maintained through the following period and into the next calendar year. It’s with extraordinary regularity that this occurred. In 2013, the market was flat all year so that was another anomaly. Will the tide change with the recent few weeks stability and the better market tone this week? Fremantle sale finished stronger than the eastern state close.

Auction offering – current week

Selling Centres for week 17

Market          Sale          Offered             Sold       Passed In

North                    S 17                        4972                         4577                   7.9%

South                   M 17                      15498                        14627                  5.6%

West                     F 17                        6607                          6057                  8.3%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 18                       W-T                            9577

South                      M 18                      W-T                          21461

West                        F 18                       W-T                           8408


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