WEEKLY MARKET REPORT
Week Ending 17th August, 2018
AWEX Northern Micron Indices Comparison
AWEX INDEX |
This Week S07/18 |
This Week M07/18 |
Last Sale S06/18 |
Sydney Change |
Last Year Sydney |
Sydney Yearly Change |
17 |
3007 |
3006 |
2816 |
+52 |
2282 |
+725 |
18 |
2682 |
2659 |
2478 |
+89 |
2201 |
+481 |
19 |
2465 |
2459 |
2292 |
+40 |
1924 |
+541 |
20 |
2376 |
2387 |
2232 |
+17 |
1724 |
+652 |
21 |
2341 |
2367 |
2210 |
+18 |
1668 |
+673 |
22 |
- |
2350 |
2184n |
+16 (M) |
1602 (M) |
+748 (M) |
26 |
1507 |
1554 |
1430n |
+35 |
1180 |
+327 |
28 |
944 |
984 |
871 |
+30 |
899 |
+45 |
30 |
709 |
736 |
648 |
+30 |
682 |
+27 |
MC |
1515 |
1558n |
1466 |
+14 |
1110 |
+405 |
BUT WAIT......THERE’S MORE??
A great sale this week as the combination of high demand, reduced supply and favourable FRX combined to have buyers scrambling for quantity as price limitations took a back seat and buyers took no prisoners in the battle to get volume as the competition from, not only China, but Europe and India at the forefront of the bidding war as no one mentioned “panic buying” moreso “aggressive”!!. The 99 cent gain on Wednesday and the weekly rise of 126 cents were the largest daily and weekly gains since 2002 to push 18 to 24 micron prices in all 3 centres into new record territory. Quantity again is reduced next week as just the 2 East coast centres offer 29,000 bales - where to from here???
Ag Concepts Fwd Prices as at 17 August, 2018
Micron |
Date |
Low |
High |
21 |
26-Sep-18 |
2205 |
2280 |
21 |
12-Dec-18 |
2150 |
2150 |
21 |
13-Feb-19 |
2110 |
2110 |
Main Buyers (this week)
1 |
Techwool |
5543 |
2 |
Fox & Lillie |
1091 |
3 |
Aust. Merino |
2562 |
4 |
Seatech Ind. |
2561 |
5 |
Lempriere |
2553 |
6 |
Endeavour Wool |
2180 |
7 |
Kathaytex Aust. |
2156 |
8 |
PJ Morris Wool |
1980 |
9 |
Michell Aust. |
1806 |
Eastern Market Indicators (AUD cents/kg clean) 2116cents é 126 cents compared with 10/8/2018 |
Northern Market Indicators (AUD cents/kg clean) 2163 cents é 136 cents compared with 10/8/2018 |
AUD/USD Currency Exchange 0.7262 ê 0.0176 compared with 10/8/2018 |
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