Weekly Market Reports


13 December 2013

admin Macwool - Friday, December 13, 2013

WEEKLY MARKET REPORT

Week Ending 13th December, 2013

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S24/13

This Week

M24/13

Last Sale

S23/13

Sydney Change

Last Year

Sydney

Sydney Yearly Change

17

1419

1393

1423

-4

1403

+16

18

1366

1355

1394

-28

1315

+51

19

1316

1317

1331

-15

1292

+24

20

1274

1280

1284

-10

1213

+61

21

1266

1269

1274

-8

1197

+69

22

1251n

1260

1254n

-3

1167n

+84

26

764n

773

775n

-11

789n

-25

28

674

673

679

-5

595

+79

30

634

628n

640

-6

551

+83

32

549n

-

550n

-1

476n

+73

MC

810

810n

812

-2

676

+134

MERRY CHRISTMAS AND A WET NEW YEAR!

The final sale of the year produced no surprises. In fact a bit of a letdown when compared to the previous month of rises the market had been experiencing. The largest national catalogue in 12 months - 54,000 bales - with the biggest weekly Melbourne offering in two years, an exchange rate on the higher end of the scale and a cheapening trend at the end of the previous week made everyone a bit nervous. The problem of orderly rostering reared its ugly head again as totals for Melbourne kept jumping around and national totals jumped by 10,000 bales in the space of just one week. This is the main reason the market fell this week, even on the verge of a 3 week recess as buyers now-days become spooked when the national catalogue climbs above 55,000 bales.

The forecasts of a cheaper market that would firm up on the final selling day were spot on. Two days of falls were reversed on Thursday as the market firmed to see the EMI lose 10 cents for the week to finish the year at 1134 cents. In US terms the loss was 11 cents down to 1024 cents.  The biggest falls were in the fine to medium sectors as 17.5 to 18.5 lost 25 to 30 cents with 19 to 21 giving up 10 to 20 cents. Other indicators at each end of the spectrum (finer than 17 and broader than 22) fared well, just in buyers’ favour. Fremantle and Melbourne had the best of the week losing just 4 and 1 cent from their regional indicators as the overcooked market in Sydney suffered the most, back by 18 cents. The Sydney indicators from 18.5 to 22 now up to 9 cents behind their Melbourne counterparts.

Skirtings tracked the fleece movements as reductions early in the week, up to 25 cents in Sydney and 10 cents in Melbourne, were somewhat reversed on Thursday with a firmer market. Crossbreds had a mixed sale but most microns looked up to 10 cents cheaper. A reasonable result as Melbourne offered the largest daily crossbred catalogue of the season so far on Thursday. Cardings recorded little movement across the three centres with locks being the only type to lose ground in Sydney, shaving 10 cents from the previous sale.

So ends another long year, from bushfires, floods to drought most of our clients would describe this year as tough with plenty of challenges to deal with. The wool market has been on a roller-coaster ride but has finished the year in a sound position, bar the super-fine sector. The EMI at 1134 is 62 cents higher than in January with the peak only last week at 1145. The low point was in May at 966 - a gap of 179 cents. The drop in the exchange rate has certainly helped the market back by 15 cents with national offerings down by just 1.4% - 13,000 bales on 12 months ago.

Just a reminder to all our clients in the Brewarrina area that Macdonald Rural CRT will be having Christmas drinks at the shop next Thursday, 19th December, from 4.30pm with one and all welcome. We would like to wish all our clients a Merry Christmas and Happy New Year with lots of rain soon!! Thank you for all your support and look forward to better things in the new year. Although the market finished on a softer note, most are of the opinion that the market will commence with a bang on Wednesday 8th January. Time will tell.           

Ag Concepts Fwd Prices at 13 December

Micron

Date

Low

High

21

22-Jan-14

1,250

1,250

 

Main Buyers (This Week)

1

Techwool

7952

2

Fox & Lillie

4566

3

QLD Cotton

4115

4

Chinatex (Aust)

4015

5

Tianyu Wool

3924

6

Aust. Merino Exp

3176

7

PJ Morris

2575

8

Zhong Long Int.

1117

9

Vic. Wool Proc.

937

  

Eastern Market Indicators (AUD cents/kg clean)                  AUD/USD Currency Exchange
1134 cents ê 10 cents compared with 6/12/2013                 0.9027 ê 0.0017 compared with 6/12/2013

Northern Market Indicators (AUD cents/kg clean)
1153 cents ê 18 cents compared with 6/12/2013

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