Weekly Market Reports


2 September 2011

admin Macwool - Friday, September 02, 2011

WEEKLY MARKET REPORT

Week Ending 2nd September, 2011

Northern Micron Indices Comparison: Source of information: AWEX

AWEX
INDEX

This Week
02/09/11

Last Week
25/08/11

Change

Last Year
02/09/10

Yearly
Change

18

1827

1824

+3

1237

+590

19

1567

1572

-5

1059

+508

20

1382

1377

+5

917

+465

21

1338

1328

+10

896

+442

22

1276n

1287n

-11

NA

-

23

1175n

1174n

+1

NA

-

24

1015 (M)

1000 (M)

+15

NA

-

26

831 (M)

838 (M)

-7

NA

-

28

688

691

-3

459

+229

30

632

631

+1

403

+229

32

581n

581

0

358

+223

MC

705

702

+3

603

+102

DEARER AND GAINING MOMENTUM

Last week’s market gave us some good signals that, for the time being, the market had bottomed out. Coming off last week’s stable market we did actually see a little improvement this week as the EMI lifted by 6 cents to sit at 1270c/kg. Most indicators moved ahead by single figures with 21s up by 10 cents. A few indicators did lose some ground, with 18.5 and 19s back 5 and 22 microns down 11 cents. The market started on a positive note with prices edging higher - more so in Melbourne on the back of a superior offering out of Launceston and western Victoria with some “spinners” types quoted 90 cents up on the previous week’s sale in Melbourne. In fact, price difference between some 40 and 43 Nkt strength lots finer than 18.5 micron was out to 150 cents! This trend continued on the second day when we sold. Again the market improved with some of our lots under 18 micron making 40 cents better than the indicators. One buyer, New England Wool, a noted super-fine buyer of FNF types, has had to loosen his specifications to fill orders buying fleece types up to 2% VM as very few lots now contain under 1% of burr with this situation not really expected to improve as we move into Spring shearing. Normally, catalogues would be full of FNF fleece lots, but since the wet summer and big season earlier in the year, a higher % of wool is carrying more VM leaving less freer types in the catalogues. This week’s highlight was the sale of 3 bales from the Picker family at Bigga. The bales, assessed as 1PPs, averaged 13.7 micron and made from 3,560c/kg to 3,200 cents. Reasonable money we might think when compared to a 20 micron lot that is making around 900 cents, but this sector of the market has actually collapsed. Three years ago a 13.9 micron lot of theirs made 23,000 cents and a bale of 13.6 bought 30,000 cents!   

Merino skirtings were also well supported as all VM ranges benefited from keener competition across the board. By week’s end most types had recorded gains of up to 10 to 20 cents. Cardings made subtle gains with the best performer being stains, posting a 10 cent rise. Movement in the Crossbred sector was limited as medium types finished in buyers’ favour with the broader lots (30 to 32 microns) unchanged. Some finer types did increase in value as 24s and 25s  looked 10 to 15 cents better than last week.

Just a reminder that three Flystrike and Lice Management days will be held in the third week of September in the Western Division. Louth on 20th, Cobar 21st and Nyngan 22nd. Book your spot by calling Trangie Ag Research Station on 6880 8000 (Trudie Atkinson). 38,000 bales are catalogued next week with a solid to dearer market forecast.

 

AgRisk FDIC Indicative Quotes 02/09/11

20

21

22

AUCTION

1379.0

1337.0

1267.5

Oct-11

1357

1318

1252

Dec-11

1325

1286

1220

Feb-12

1289

1250

1184

Apr-12

1244

1205

1139

Jun-12

1215

1176

1110

Aug-12

1205

1166

1100

Oct-12

1173

1134

1068

Dec-12

1131

1092

1026

MAJOR AUCTION BUYERS (Bales)

1

Viterra Wool

7511

2

QLD Cotton

3075

3

Fox & Lillie

2576

4

Techwool Trading

2428

5

Williams Wool

2065

6

PJ Morris

1751

7

Modiano (Aust)

1675

8

Lempriere (Aust)

1656

9

AS Gedge (Aust)

1461

                       

Eastern Market Indicators (AUD cents/kg clean)                               AUD/USD Currency Exchange

Eastern 1270 cents (é6) compared with 24/08/11                                  1.0697 é 0.0208 compared with 24/08/11

Northern Market Indicators (AUD cents/kg clean)

 Northern 1319 cents (é4) compared with 24/08/11

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