Weekly Market Reports


18 March 2016

admin Macwool - Friday, March 18, 2016

WEEKLY MARKET REPORT

Week Ending 18th March, 2016

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S38/15

This Week

M38/15

Last Sale

S37/15

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

1506

1486

1503n

+3

1336n

+170

18

1450

1448

1446

+4

1299

+151

19

1382

1382

1372

+10

1208

+174

20

1331

1340

1333

-2

1170

+161

21

1328

1324

1333

-5

1157

+171

22

1318n

1318

1315n

+3

1134

+184

26

977n

966n

971n

+6

918n

+59

28

824n

807

830

-6

831

-7

30

699n

695

703

-4

787

-88

MC

1080

1091

1077

+3

925

+155

 FINALLY, SOME GOOD NEWS!

 There was a turnaround in sentiment this week with the industry yardstick (the AWEX Eastern Market Indicator) closing four cents higher. It was its first gain after seven consecutive daily losses spanning more than three weeks. A catalogue similar to the past fortnight, totalling just below 39,000 bales, opened slowly on Wednesday. It was a staggered start between selling centres and the small Sydney sale initially opened weaker. Enthusiasm increased over the day however with Melbourne firming 5 cents and Fremantle lifting 10 cents late in the day.

It was a mirror image of that pattern on Thursday, however, with a strong start losing momentum over the day. The East coast still managed increases for the day but Fremantle lost ground. The irregularity came on the back of a sharp bounce in the Australian dollar which jumped 1.6 US cents the previous night. Although there were some losses over the two days, the net result still mostly favoured the positive side of the ledger. Prices closed 5 to 10 cents higher when compared with the previous sale with Melbourne receiving the biggest advantage.

A strong start pushed Merino skirtings slightly higher for the week. Crossbreds were mixed; cheaper in Sydney but dearer in Melbourne (despite a weak final day). Cardings also had varied results although the movements compared to the previous week were minimal. Just over 48,000 bales are expected next week, the largest sale since early January and the final sale before the annual one week Easter recess. Macdonald Woolbrokers sell next Wednesday at the Sydney Royal Easter Show with an offering of 1,320 bales.

Ag Concepts Fwd Prices at 18 March

Micron

Date

Low

High

19

13-Jul-16

1365

1365

19

21-Sep-16

1350

1350

 

Main Buyers (This Week)

 

1

Techwool

5820

2

Fox & Lillie

4350

3

Chinatex

3441

4

Global Wool Exp.

3124

5

Lempriere (Aust)

2447

6

Aust. Merino

2323

7

PJ Morris

1965

8

Kathaytex Aust.

1205

9

Michell Aust.

797

 

 

Eastern Market Indicators (AUD cents/kg clean)

1227 cents é 4 cent compared with 11/03/2016

Northern Market Indicators (AUD cents/kg clean)

1252 cents é 2 cents compared with 11/03/2016

AUD/USD Currency Exchange

0.7597 é 0.0114  compared with 11/03/2016

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