Weekly Market Reports


10 June 2011

admin Macwool - Friday, June 10, 2011

WEEKLY MARKET REPORT

Week ending 10th June 2011

Northern Micron Indices Comparison: Source of information: AWEX

AWEX
INDEX

This Week
10/06/11

Last Week
03/06/11

Change

Last Year
10/06/10

Yearly
Change

18

2078n

2091n

-13

1183

+895

19

1767

1759n

+8

1091

+676

20

1568

1518

+50

968

+600

21

1498

1444

+54

948

+550

22

1446n

1386n

+60

920

+526

23

1314n

1268n

+46

898

+416

24

1093n (M)

1078 (M)

+15

-

-

26

875n (M)

867n (M)

+8

630

+245

28

673 (M)

671

+5

483

+190

30

611 (M)

616n

-1

434

+177

32

560 (M)

558n

+1

375

+185

MC

770

747

+23

646

+124

ANOTHER CRACKER

History was made this week as the EMI broke through the 1,400 cent barrier. With just 22,800 bales on offer on the Eastern seaboard with no sale in Fremantle, this week’s offering was the smallest in 2 years. The EMI continued further into uncharted territory as a 1.5% (22 cent) rise saw the EMI go to 1,420 cents. Again, as has been the case for a few weeks, the 19.5 to 23 micron categories led the charge recording rises of 35 to 60 cents and 19s up by just 8 cents. The fine wool sector of 18.5 and finer had mixed results as a 15 cent fall for 18 to 18.5  were somewhat negated by the odd specialty lot dearer  as the quantity of these types dwindles. The fickle marketing of superfine wool was no more evident than in Melbourne this week as three lots under 13 micron were all passed in for 8,000 and 9,000 cents! The strength of the market can bee seen in fleece prices as we sold just 10 lots for under 900 cents with 12 lots making 900 to 1,000 and all other 53  lots realising over 1,000 cents. In the six weeks since Easter, indicators have gained 80 cents for 20 and 24 microns,  130 cents for 19 and 23, 100 dearer for 21s with 19.5 up 175 and the stand out performer being 22 microns, climbing a massive 220 cents - incredible gains! Finer indicators in comparison are around 30 to 70 cents better.

Skirtings had a mixed week as the better style low vm lots under 5% tended dearer with a poorer selection of burrier types over 6% with an increased amount of cott and colour 20 cents lower on the opening day. All types closed fully firm on the final day.  Hopefully this may see the last of big volumes of inferior skirtings. Cardings continued their recovery as the MCI added 23 cents to its value with Locks putting on 35 cents to their value, stains up by 10 cents and crutchings 10 to 20 higher than last week’s quotes. The very small offering of Crossbreds left all indicators unchanged but crossbred lambs did seem to lift in value as some passed in lots from 2 weeks ago made some good gains.

So where to from here? It is hard to see when the market will peak as everyone with an opinion has a different number in mind which varies by hundreds of cents with buyers holding stock tipping further rises and buyers caught short with no stock talking it down. One thing for certain is that the volume is low and for the next 3 weeks national offerings are under 30,000 each week which will keep pressure on to fill orders. Next week will see Don Macdonald & Co offer their biggest catalogue to date with 1340 bales on offer early next Thursday - after NSW equal the State of Origin series at 1 all on Wednesday night!

     

AgRisk FDIC Indicative Quotes 10/06/11

20

21

22

AUCTION

1567.5

1508.5

1444.5

Jun-11

1578

1539

1473

Aug-11

1468

1429

1363

Oct-11

1405

1366

1300

Dec-11

1354

1315

1249

Feb-12

1336

1297

1231

Apr-12

1304

1265

1199

Jun-12

1269

1230

1164

Aug-12

1259

1220

1154

MAJOR AUCTION BUYERS (Bales)

1

Viterra Wool

2444

2

Techwool Trading

1947

3

Fox & Lillie

1898

4

Queensland Cotton

1560

5

Lempriere (Aust)

1500

6

AS Gedge

1455

7

Modiano Aust.

1258

8

Victoria Wool Proc.

965

9

Michell Australia

413

                Eastern Market Indicators (AUD cents/kg clean)                                               AUD/USD Currency Exchange

                Eastern 1420 cents (é22) compared with 03/06/11                                                1.0580 ê 0.0038 compared with 03/06/11

                Northern Market Indicators (AUD cents/kg clean)

                Northern 1475 cents (é19) compared with 03/06/11

Comments
Post has no comments.
Post a Comment





Trackback Link
http://www.macwool.com.au/BlogRetrieve.aspx?BlogID=4383&PostID=232201&A=Trackback
Trackbacks
Post has no trackbacks.