Weekly Market Reports


24 April 2015

admin Macwool - Friday, April 24, 2015

WEEKLY MARKET REPORT

Week Ending 24th April, 2015

 AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S43/14

This Week

M43/14

Last Sale

S42/14

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

1382

1367

1358

+24

1291

+91

18

1356

1348

1341

+15

1253

+103

19

1291

1292

1269

+22

1206

+85

20

1254

1245

1222

+32

1172

+82

21

1227

1226

1200

+27

1166

+61

22

1192n

1186

1159n

+33

1138n

+54

26

951n

958

946n

+5

764n

+187

28

860

854

847

+13

676

+184

30

809

803

802

+7

638

+171

MC

983

998

971

+12

773

+210

 LEST WE FORGET 

The good start to the wool market continued on unabated, dare we say. This, combined with the excellent follow-up rain in a lot of areas, has lifted moods and the prospect of a good winter over a vast part of the state except again to the north and west of Coonamble and in the Western division that sadly can’t take a trick and missed out on the much needed break.

All three centres were the beneficiaries of good rises from 20 to 26 cents for each regional indicator, now 1137 to 1194. The EMI now sits at 1153 (up 23 cents for the week) now at a 3 year high. In US terms the market rose 18 cents to 894 - these indicators now 10% and 9% higher than 12 months ago. One trend that is noticeable is the price gap that is growing between 18s and 22s, now 160 cents, the largest for over 2 years. Last July the gap was only 30 cents, hopefully a sign that finer wools are getting back to their true values. The bulk of the rises occurred on the opening day with a settling pattern when we sold on the final day, with 17 to 19s actually in buyers’ favour to 5 cents. Despite this all indicators jumped 20 to 35 cents, except 17.5 and 18s up by 15 cents, for the week. As is always the case nothing was neglected in the fleece room. Lots with up to 2.5% VM were purchased as FNF types, tender, colour, high mid-breaks and over-long lots bought as though no discount was necessary with the best of our fleece types (2 weaner lots from Parkes, making over 30 cents higher than the indicators).

Skirtings also came under fierce competition as buyers chased every type on offer. Rises were in the order of 15 to 25 cents for all descriptions regardless of VM, style or any traits that might attract discounts. Fine “BKN” <19 micron with less than 5%VM are now making mid 1100 clean, mid 600s greasy - a level that is on par with good medium fleece types at the Easter Show sale, only 3 weeks ago!! Bellies from Carinda and Parkes also made just over 1100 clean, 486 to 569 cents, great money for theses types. Cardings continued on their merry way as if there was no tomorrow. Each regional centre rose by 12 to 15 cents, Melbourne now just 2 cents away from 1000 at 998 and Sydney 983. For the second sale running we had LKS making over 600 cents, 1029 clean!! All types in this sector added 10 to 20 cents to their previous values. Crossbreds weren’t left behind as gains were okay but not to the extent of their merino counterparts rising 5 to 15 cents. Again we had a few fine lots of XB LMS making above the 700 cent mark, great money for these types.

A great week to sell wool as the market looks to have found a new level, according to one of the major buyers, as China was quite happy to lift their prices in US terms - something that they were reluctant to do for a long time. Growers warmed to the new prices as over 98% of the national catalogue was cleared to the trade. What was a surprise was the volume of wool withdrawn, 1400 bales, half of that in Sydney - these growers punting that they may capture better prices down the track.

Next week should see the market settle with subtle gains. We sell on Wednesday with 676 bales on offer.                 

 

Ag Concepts Fwd Prices at 24 April

Micron

Date

Low

High

21

26-Aug-15

1160

1170

21

21-Oct-15

1170

1170

21

9-Dec-15

1165

1165

 

 

Main Buyers (This Week)

1

Chinatex

5899

2

Techwool

5658

3

Lempriere

4176

4

Fox and Lillie

3999

5

Modiano (Aust)

3671

6

P J Morris

2655

7

Australian Merino

2251

8

Tianyu

2185

9

Kathaytex Aust.

1267

 

Eastern Market Indicators (AUD cents/kg clean)

1153 cents é 23 cents compared with 17/04/2015

Northern Market Indicators (AUD cents/kg clean)

1177 cents é 20 cents compared with 17/04/2015

AUD/USD Currency Exchange

0.7750 é 0.0001 compared with 17/04/2015

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