Weekly Market Reports


20 September 2019

admin Macwool - Friday, September 20, 2019

 WEEKLY MARKET REPORT 

Week Ending 20th September, 2019

 AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S12/19

This Week

M12/19

Last Sale

S11/19

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

1967

1973

1930

+37

2988

-1021

18

1902

1915

1853

+49

2688

-786

19

1775

1809

1755

+20

2429

-654

20

1743

1740

1682

+53

2294

-551

21 1735 1769n -34 (M) 2229 (M) -494 (M)
26 1195n 1191n 1165n +30 1433n -238

28

953n

953

953n

0

944

+9

30

-

791n

813n

-27 (M)

756n (M)

+35

MC

934n

988n

906n

+28

1531

-597

WELL DONE SHARPY – A GREAT ACHIEVEMENT!!

A great milestone was achieved this week as Ian Sharp clocked up 50 years in the wool trade. It was on the 18th September, 1969, that he commenced with Winchombe-Carson as a junior valuer then went to CPS then onto Elders in 1973 till 2011 when he joined Macwool. It is an achievement to be able to work for half a century but to work in the one industry for your whole career and witness how the wool industry has evolved over that time and the life-long friendships that he has forged is testament to the respect and high regard in which he is held in the wool industry. Well done and here’s to many more years in the trade.

On to the market: Things panned out as most people had hoped. After last week’s massive hikes that left Melbourne and Fremantle well ahead of Sydney as they forged higher on the final day of sales (as we only sold on the first day), to have the 3 centres’ prices aligned more closely this week was a good result. With our rise and Melbourne’s fall the EMI added 7 cents to 1542 and most microns rose here by 35 to 60 cents. In the south, < 18 lifted by 10 to 40 while > 18.5 lost 25 to 50 cents. Skirtings kept improving as all types jumped by 50 to 70 cents with cardings to the good by 30 to 40 cents. Crossbreds had a mixed sale as opening day losses were nearly cancelled out by a final day’s rally to have 28s and finer up to 30 dearer and broader types 20/30 cheaper.

We are in the peak season for ram sales with studs holding their sales through to the end of October. A few to report on from the past week include: Haddon Rig at Warren clearing 94% of their draft with a top of $6,500 to average $2410; Gullengamble at Yeoval sold 97% with 2 rams selling for $5,500 with an average of $2245; the newly formed Towonga stud at Peak Hill averaged $1910 with a top price of $4,500 to clear 84% at their opening sale; Parkdale at Dubbo had a top price of $3,500 to average $1,515; Weealla at Gilgandra sold all rams on offer to a top of$3,250 (2) to average $1,350; and Merryville at Boorowa sold 75% with 3 rams topping at $5,000 to average $2,125. Good results given the ongoing drought and the number of ewes to join far less than last year.

The Nanjing Wool Conference is currently being held in Shandong, China. The success or failure of this gathering will determine the immediate price direction of the market but one buyer reported selling 90% of this week’s purchases yesterday so next sale should be rock solid.

          Ag Concepts Fwd Prices as at 20th September, 2019       

Micron

Date

Low

High

21

18-Dec-19

1620

1620

21

27-May-20

1580

1580

Free knitted woollen jumpers for poddy lambs. Call into our office in Dubbo or Macdonald Rural at Brewarrina and take as many as you need. Many colours and styles to choose from!

Main Buyers (This Week)

1

Techwool

3952

2

Fox & Lillie

3369

3

Endeavour Wool

2659

4

Aust. Merino

2623

5

PJ Morris

2223

6

Lempriere

2002

Eastern Market Indicators (AUD cents/kg clean)

1542 cents é 7 cents compared with 13/09/2019

Northern Market Indicators (AUD cents/kg clean)

1570 cents é 36 cents compared with 13/09/2019

   AUD/USD Currency Exchange

0.6790 ê 0.0088 compared with 13/09/2019

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