Weekly Market Reports


12 October 2012

admin Macwool - Friday, October 12, 2012

WEEKLY MARKET REPORT

Week Ending 12th October, 2012

Northern Micron Indices Comparison: Source of information: AWEX

AWEX
INDEX

This Week
12/10/12

Last Week
05/10/12

Change

Last Year
13/10/11

Yearly
Change

17

1359

1283n

+76

1712

-353

18

1212

1176

+36

1506

-294

19

1126n

1110

+16

1407

-281

20

1076n

1074

+2

1304

-228

21

1066 (M)

1066 (M)

0

1246 (M)

-180

22

1032 (M)

1033 (M)

-1

1142 (M)

-110

23

1020 (M)

1015 (M)

+5

1036 (M)

-16

28

584 (M)

564 (M)

+20

645 (M)

-61

30

544 (M)

530 (M)

+14

618 (M)

-74

32

481 (M)

473 (M)

+8

585 (M)

-104

MC

591n

589

+2

744

-153

ITALIANS IN – SUPERFINES RISE

As we reported last week the odd superfine lot met with good support giving hope that this weeks Newcastle offering might been seen in favourable light from the buyers, especially the superfine buyers. Our wishes were granted as from the opening lot on Tuesday the market strengthened till the last lot sold on Thursday. The market indicators progressively got dearer to see the EMI add 19 cents to 975. The market was split in two as 19 and finer posted good gains with 19.5 and broader recording minimal movements either way on a very limited offering. The excellent selection of fine and superfine wools from the New England woke the Italians from their slumber as not one lot went neglected. The two noted superfine buyers, G Schneider and New England Wool, bought 4200 bales, mostly in Newcastle.  A rise of 15 to 20 cents for 18.5 to 19s was a good result as 17.5 to 18s jumped 35 to 45 cents with 17 and finer leaping 75 to 100 cents for the week. Ultra-fine spinner’s style and better added more with some lifting by 150 to 200 cents. The 100 cent lift for the 16.5 micron indicator was the biggest week-on-week rise in this mpg since January, 2011. The price acceptance from growers has lifted as Newcastle cleared over 98% for the week with an incredible 99.9% sold on Wednesday ( just 3 bales passed in) and on Thursday only 18 bales passed in - 0.5% passed in. Top prices ranged from 2900 cents to 2430 for ultra-fine lots in the 13.5 to 14.5 micron area.

Skirtings tracked the fleece movements with steady rises on each day as the sale progressed. By week’s end most descriptions and types saw rises of 80 to 90 cents with most emphasis on the superfine low VM lots under 5%.The higher VM types recorded good gains but not to the extent of the low VM. Cardings also enjoyed solid buyer support as locks shone to see 18 micron and finer 25 to 50 cents higher with broader lots 5 to 10 cents up. Stains and crutchings remained solid all week. Crossbreds made up just 5% (610 bales) of Newcastle’s selection with increases in the 10 to 15 cent range across the board. Only 39 bales from room 2 were passed in, for a 99% clearance! 

Focus moves back to Sydney for a run of 5 sales in a row as the talk for a solid to dearer trend is all the rage. Dubbo will host an AWI meeting on Wednesday, 17th October, at 6.30 pm in Building N at the TAFE on the Narromine road. Also a   reminder about the AWI meetings in Nyngan and Louth next Thursday, 18th October. Please phone 1800 070 099 to register. Last week’s sale concluded our “forward contract” lots to date. Ten growers sold 79,500 kgs at an average price of 1243 cents, a high 1314 to a low of 1190 with $78,400 (98c/kg) paid to growers. The range was -$487 on one contract to a $12,112 profit on another contract. We offer 800 bales next Wednesday with a “style adjustment” the only concern from Newcastle - not the largest national catalogue of 51,800 since early August.            

                   

Ag Concepts Fwd Price Trades W/E 12 October

MPG

Maturity

High

Low

21

23-Jan-13

1095

1095

19

20-Feb-13

1125

1125

28

06-Mar-13

555

555

21

21-Aug-13

1060

1060

               

1

Techwool Trading

4576

2

New England Wool

2876

3

Williams Wool

2665

4

PJ Morris

2546

5

Fox & Lillie

2381

6

Chinatex (Aust)

2098

7

Modiano (Aust)

2012

8

Viterra Wool

1989

9

G Schneider (Aust)

1322

                       

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

                Eastern 975 cents é 19 cents compared with 04/10/12                                 1.0275 ê 0.0045 compared with 04/10/12

                Northern Market Indicators (AUD cents/kg clean)

                Northern 995 cents é 19 cents compared with 04/10/12

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