Weekly Market Reports


20 October 2017

admin Macwool - Friday, October 20, 2017

WEEKLY MARKET REPORT

Week Ending 20th October, 2017

AWEX Northern Micron Indices Comparison 

AWEX INDEX

This Week

S16/17

This Week

M16/17

Last Sale

S15/17

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2338

2284n

2301

+37

1661

+677

18

2161

2144

2156

+5

1650

+511

19

1885

1888

1886

-1

1572

+313

20

1657

1645

1681n

-24

1466

+191

21

1553

1550

1589n

-36

1414

+139

22

1476n

1481

-

-21 (M)

1382 (M)

+94

26

1043

1049n

1053

-10

1065n

-22

28

726

741

753

-27

746

-20

30

521

514

526

-5

609

-88

MC

1206

1209n

1188n

+18

1099n

+107

AT LONG LAST – SOME MORE RAIN!!

The market barely moved this sale as the AWEX EMI could only manage a 2 cent rise to 1568 and in $US terms was also marginally better, up by 7 cents to 1231. This equates to an average lift of 223 cents (19%) on the same week last year. The appreciation in the FRX by over 1.75 cents at one stage and the lift in volume by 7690 bales (20%) did little to deter buyers, especially those chasing the superior superfine types on offer in Sydney. By week’s end 17.5 to 19 gained up to 15 cents while finer types < 17 micron were better by 35/45 cents with lots bought by Italian mills commanding up to 200 cent premiums. The broader microns > 19.5 couldn’t keep pace with their more fancied finer types to lose 20 to 40 cents.
Skirtings also looked to keep up with their fleece counterparts as the stylish selection < 19 micron and below 5% VM posted 20 to 30 cent gains while all other types remained solid. Cardings continued on their merry way as the 3 centres averaged a 26 cent lift with all MCIs now above 1200 cents. LKS were the standout of this sector (up by 40/60 cents) while CRT/STN added 15 to 25 cents. Crossbreds are still out of favour as losses ranged from 10 to 30 cents.
Of great interest next Tuesday will be the AWI hierarchy having to front Senate estimates for the third time in 12 months. The media attention on the Chairman has been relentless, no doubt to gain the interest of the politicians. It will be interesting to see what they uncover.
Meanwhile voting papers for the AGM elections will be sent out via post and email next Monday with voting to commence immediately. I have sent out over 4000 letters to AWI shareholders this week and am receiving plenty of positive feedback. I urge you to take an interest in this election and cast your votes and not give your proxy to the Chairman, not because I have an issue with him personally, but I do not agree with the use of proxies given to a Chairman to have the final say on who sits on the Board. I believe this should remain independent and the shareholders have the final say. I appreciate any support you can offer.

Next week 43,500 bales will be offered nationally with Macwool to sell on Thursday. 

Ag Concepts Fwd Prices at 20 October 2017

Micron

Date

Low

High

21

15-Nov-17

1540

1540

21

17-Jan-18

1535

1535

21

13-Jun-18

1500

1500

 Main Buyers (this week)

1

Fox & Lillie

4974

2

Techwool

4869

3

Tianyu Wool

3917

4

Seatech Ind.

3683

5

Australian Merino

3217

6

Modiano

2873

7

Lempriere

2680

8

PJ Morris

2157

9

Endeavour Wool

1930

Eastern Market Indicators (AUD cents/kg clean)

1568 cents é 2 cents compared with 13/10/2017

Northern Market Indicators (AUD cents/kg clean)

1657 cents é 1 cents compared with 13/10/2017

AUD/USD Currency Exchange

0.7852 é 0.0033  compared with 13/10/2017

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