WEEKLY MARKET REPORT

Week Ending 25^th March, 2016

AWEX Northern Micron Indices Comparison

Another winner at The Royal Easter Show

For the second year running wool auctions were held in the sheep pavilion at the Royal Easter Show. Like last year wool buyers reacted positively donning their jackets and ties to push the market into positive territory. 

Macwool had a good catalogue of 1300 bales with a cross section of clips from the Western Division through to Coolah and Cassilis in the east. Our top price of 1188 cents was a re-offer making 120 cents more than two weeks prior. High VM is certainly a feature of our offering at present and competition on these lots was consistent throughout from mainly Chinese interests. There were a few soft spots in the high VM carbonising types however, generally, oddments are still trading at near record levels.

The best competition in the fleece section was seen in the 20 micron categories with many well measuring, high yielding lots making well over a 1000c/kg greasy. Crossbred wools continue to do well right across all categories with some of our clients averaging $1,000 a bale.

Macwool was well supported by clients yesterday with growers attending from Cobar, Gilgandra, Coolah and Molong. The RAS and AWEX have done a great job in setting up the impromptu sale room in the middle of the sheep pavilion with a clear Perspex partition giving visitors a good view of the auction in action with real time data on big screens and speakers broadcasting the events. The offering of approximately 6500 bales grossed a tick over $8.3 million at a healthy average of $1,356 per bale.

The Macwool sale team of Sharpy, Luke, Hunter and Don looked resplendent in their blue blazers and tartan ties. After a long day in the sale room (9:30am til 2:45pm) many buyers noted that our auctioneers picked up the pace and came home with a 'wet sail'. 

Wool sales go into recess next week for one week and we return on 5^th April to another unique sale event being held at Circular Quay in front of the gathering of the International Wool Textile Organisation (IWTO). The annual IWTO Conference has only been held in Australia twice in the last thirty years, this will be the 88th conference.

Macwool will offer a catalogue of 1850 bales with many clients planning to attend the sale from as far afield as Wilcannia. We believe the positive trend in the market will continue, not withstanding another surge of the Aussie dollar which crept over 76 US cents during the week.

We wish all our clients and their families a Happy and a safe Easter.

Main Buyers (This Week)