There seems enough interest to source greasy wool coming from the Chinese sector but the current market volatility is resulting in extreme caution on price being shown by the customers. This in turn is affecting profitability and limiting traders willingness to take risk. Whenever the market shows an inclination for strengthening, it brings more optimistic buying activity. The moment it softens, the sales stop. But because the market is reacting in weekly patterns like this, up and down with regularity, we are of the opinion that wool is needed in the short term. The risk of being caught on the wrong side for price as a result of the volatility is the problem.

AWEX Eastern Indicator compared with 15/11/2019

Eastern Indicator

Close: 1555

Change in % -1.21

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Authentico Index Values

15 Micron

Close: 2435

Change in %: -4.21

16 Micron

Close: 2275

Change in %: -2.49

17 Micron

Close: 2134

Change in %: -2.15

18 Micron

Close: 2024

Change in %: -1.94

19 Micron

Close: 1931

Change in %: -1.73

Authentico Indicator

Close: 2139

Change in %: -2.37


The market tone on Thursday was completely different to that early Wednesday. With the market finishing strongly on Wednesday, this flowed through to Thursday and we were of the opinion that the market was better than it was reported on Thursday. Quite clearly, sitting in the sale room, it was a different and much more positive environment.

Auction offering – current week

Selling Centres for week 21

Market          Sale          Offered             Sold       Passed In

North                      S 21                      9666                        8444                  12.6%

South                     M 21                     17535                      15290                  12.8%

West                       F 21                       8518                         6488                 23.8%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 22                       W-T                           10597

South                      M 22                      W-T                           21380

West                        F 22                       W-T                            7303


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