Weekly Market Reports


24 February 2017

admin Macwool - Friday, February 24, 2017

WEEKLY MARKET REPORT

Week Ending 24th February, 2017

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S34/16

This Week

M34/16

Last Sale

S33/16

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2093

2057n

2089

+4

1578

+515

18

2017

1978

2008

+9

1540

+477

19

1806

1784

1789

+17

1443

+363

20

1562n

1548

1541

+21

1406

+156

21

1442n

1437n

1436

+6

1402

+40

22

-

1376n

1376n

+2 (M)

1390 (M)

-14 (M)

26

933n

943n

928

+5

976

-43

28

704

714

685

+19

838

-134

30

546n

543

543

+3

730

-184

MC

1190

1190

1175n

+15

1107

+83

things are looking up!

Another good week for the wool market as the EMI consolidated its position in record territory - a 9 cents rise to 1449. The lift in $US terms more sedate - just a 3 cent shift to 1115 as the $AU spent most of the week hovering either side of 77 cents. The pleasing aspect for fleece types was the recovery in the medium microns, 19 to 22 microns were better by 5 to 20 cents erasing last sale’s losses. The finer microns took a bit of a breather as gains were in the 5 to 10 cent range, similar to last sale. Buyers looked to be warming up for the final super-fine designated sale of the season next week as finer lots <19micron with the right specs this week commanded premiums of 40 to 170 cents as a few “cracking” lots from Caloola via Bathurst, Yass and Jerangle via Cooma in our catalogue testify.

Skirtings had a pretty sedate sale as all types and descriptions across all VM ranges were rock solid. Again buyers were picking the eyes out them as the better spec types in the 16/17 micron range looked up to 10 cents higher (probably a guide as to what might happen with the better types next week). Cardings continued on their merry way as the 3 centres averaged 16 cent gains as all types in this sector quoted up to 30 cents higher. The 2 Eastern Seaboard centres carding indicators are at 1190 while Fremantle is 1208. It wasn’t that long ago the EMI was at that level!! Crossbreds again improved as 25/26 and 30 micron finished up to 5 cents dearer while 28 and 32s 10 to 20 higher. Let’s hope this is the start of a swift recovery for the XB sector.

Incredible is the only way to describe the response to our email and Facebook post on agistment for the victims of the Sir Ivan bushfire. As of today our Facebook post had reached 39550 people and has been shared 463 times. There have been many people contact us and stock agent Chris Callow with offers of help and, at this stage, we believe most people have themselves sorted as to the needs of their stock. What they (and most of us) now need is some good steady rain to begin the recovery.

There has been plenty of industry discussion of late about relocating wool sales from Yennora to Goulburn. A group of interested property developers egged on by local politicians have put proposals to all interested parties including ourselves. At this stage it seems unlikely to proceed as it appears a new lease at Yennora for the next five years will be signed by the major players hence sealing the fate the Goulburn proposal.

Next week a smaller offering of 42,000 bales will be offered in three centres.

Ag Concepts Fwd Prices at 24 February 2017

Micron

Date

Low

High

21

26-Apr-17

1650

1650

19

8-Nov-17

1630

1630

19

11-Jul-18

1595

1625

 

Main Buyers (This Week) 

 

1

Techwool

6680

2

Fox & Lillie

4900

3

Lempriere

2988

4

Tianyu Wool

2949

5

PJ Morris

2520

6

Michell Aust.

2425

7

Aust Merino Exp.

2064

8

Modiano

1662

9

Chinatex

1530

  

Eastern Market Indicators (AUD cents/kg clean)

1449 cents é 9 cents compared with 17/02//2017

Northern Market Indicators (AUD cents/kg clean)

1530 cents é 9 cents compared with 17/02/2017

AUD/USD Currency Exchange

0.7692 ê 0.0027  compared with 17/02/2017

Comments
Post has no comments.
Post a Comment





Trackback Link
http://www.macwool.com.au/BlogRetrieve.aspx?BlogID=4383&PostID=700848&A=Trackback
Trackbacks
Post has no trackbacks.