Weekly Market Reports


18 April 2019

admin Macwool - Thursday, April 18, 2019

 WEEKLY MARKET REPORT 

Week Ending 18th April, 2019

 AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S42/18

This Week

M42/18

Last Sale

S41/18

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2483

2358n

2497

-14

2768n

-285

18

2404

2355

2410

-6

2355

+49

19

2291

2291

2293

-2

2088

+203

20

2264n

2255

2272

-8

1981

+283

21

-

2238

2238n (M)

0 (M)

1951 (M)

+287 (M)

26

1450n

1501n

-

+41 (M)

1247

+203

28

1244

1266

1205n

+39

926

+318

30

-

976

-

-22 (M)

688 (M)

+288 (M)

MC

1084

1072n

1096

-12

1368n

-284

MARKET FINALLY SETTLES!

The wool sale was held at the Royal Easter Show this week and had an overall positive tone to finish this run of sales before the 1 week recess for Easter and ANZAC Day. The AWEX EMI posted a 7 cent increase due mainly to Melbourne’s momentum, up 11 cents, compared to the 1 cent rise in Sydney.  The Sydney market opened on a solid note only to see sub 18 micron fade late in the final session to end the sale 5 to 15 cents cheaper and broader types either side of unchanged by 5 cents. Again buying strategies were a mirror image of previous sales - good types with the right specs were in hot demand as the vast quantity of poorer types were cheaper dragging the indicators lower.

Skirtings made little inroads into their run of falls over the past month as the best style lots lifted by 10/20 cents while all other types were firm. The carding market continued to fall with LKS losing 15 to 30 cents as all other descriptions remained unchanged. The appetite for XB wool seems insatiable at the moment as more records were set for 28/30 microns - rises ranged from 20 to 40 cents.

The market finally put the brakes on the long run of falls, 7 weeks and 91 cents, the longest falling run since late 2003. While this run of falls is disappointing, it was preceded by an 8 week run of increases that started in the final sale of 2018 and the gain was 178 cents, so still an indicator that is 87 cents to the good since December.

More news to come out of the IWTO Conference: Giovanni Schneider (MD of the Schneider Group) gave an update of the wool textile industry in Italy. Wool makes up just 1% of global consumption of fibres. Italy accounted for 11% of fibre used in their textile industry (men’s knitwear). Conditions in the worsted weaving business were difficult with manufacturers and retailers holding excess stocks of suits and a major challenge for the industry worldwide was the ever increasing demand from consumers for sustainable products. Another presentation on the British wool market highlighted the low prices for > 32 micron wool which are now very competitive compared to nylon. Brexit would not affect the price of wool but the British Wool Marketing Board has started a new marketing campaign to lift grower returns. Wool sales recommence on 1st May. 

Main Buyers (This Week)

1

Techwool

4123

2

Tianyu Wool

4039

3

Fox & Lillie

3143

4

Aust. Merino

3031

5

Seatech Ind.

2824

6

Endeavour Wool

2711


Eastern Market Indicators (AUD cents/kg clean)

1943 cents é 7 cents compared with 12/04/2019


Northern Market Indicators (AUD cents/kg clean)

1979cents é 1 cent compared with 12/04/2019


AUD/USD Currency Exchange

0.7193 é 0.0030 compared with 12/04/2019

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