Weekly Market Reports


15 February 2019

admin Macwool - Friday, February 15, 2019

WEEKLY MARKET REPORT 

Week Ending 15th February, 2019

 AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S33/18

This Week

M33/18

Last Sale

S32/18

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2587

2520

2578

+9

2785

-198

18

2490

2461

2483

+7

2390

+100

19

2342

2326

2317

+25

2131

+211

20

2306

2293

2290

+16

1971

+335

21

2270

2281n

2260n

+10

1878

+392

26

1368n

1354n

1353n

+15

1111

+257

28

1080n

1103

1045n

+35

793

+287

30

-

928

888 (M)

+40 (M)

589 (M)

+339 (M)

MC

1183

1136n

1159

+22

1360

-187

CROSSBREDS BREAK NEW GROUND!

The gradual increases continued this week as the AWEX EMI ascended by 24 cents to 1968. This rise saw the Sydney indicator break through the 2000 cent mark to finish the series at 2011. This week’s rise was the 7th straight sale that the EMI has moved higher, adding 107 cents since sales resumed in January. The medium microns (19 to 22s) were the notable performers, gaining 10 to 25 cents while the sub 18.5s added 5 to 10 cents. The stable FRX helped the market as the EMI in US$ terms lifted by 21 cents to 1401.

Skirtings had an excellent sale as all types were quoted 30 to 50 cents higher. The 3 week run of falls was halted in the carding sector as rises of 15/20 cents for STN/CRT and 30 to 40 cents for LKS had the 3 regional MCIs average 25 cent gains. The highlight of the sale was the record breaking crossbred sector as gains of up to 50 cents has the 28 and 30 micron indicators in an all time record territory at 1080 (1103 in Melbourne) and 928 respectively. Recording of these indicators goes back to the days of the AWC market reporting that commenced in 1979, 40 years ago.

Melbourne hosted a “Tasmanian origin” sale this series the largest weekly offering of wool from the Apple Isle for 2 years. The superior selection was met with strong competition dominated by Italy to see some lots up to 150 cents higher than their indicators but still have the MPGs in Melbourne < 18.5 averaging 44 cents lower than Sydney. On the flipside of quantity, Sydney’s fleece offering on Thursday was the smallest in 12 months and the weekly total is the least in 5 years as national yearly offerings are 179,000 bales (14.8%) lower than last season.

Even though global wool supply is expected to decline by 12% this season, most mills are reportedly looking to restocking greasy wool for the Autumn/Winter Northern Hemisphere season. Global events that were thought to have an adverse effect on prices have not yet impacted as textile and apparel goods exported from China had a 3.5% increase in 2018. Retail figures from the US show the worst consolidated sales in 10 years for clothing - a worrying stat as 14% of our wool ends up in the US. Will the market rise for the 8th straight week? Time will tell!

            Ag Concepts Fwd Prices as at 15 February 2019       

Micron

Date

Low

High

21

17-Apr-19

2200

2200

Main Buyers (This Week)

1

Techwool

5267

2

Fox & Lillie

3962

3

Kathaytex

3341

4

Seatech Ind.

3122

5

PJ Morris

2591

6

Tianyu Wool

2446


Eastern Market Indicators (AUD cents/kg clean)

1968 cents é 24 cents compared with 8/02/2019


Northern Market Indicators (AUD cents/kg clean)

2011cents é 16 cents compared with 8/02/2019


AUD/USD Currency Exchange

0.7119 é 0.0020 compared with 8/02/2019

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