Weekly Market Reports


24 March 2016

admin Macwool - Thursday, March 24, 2016

WEEKLY MARKET REPORT

Week Ending 25th March, 2016

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S39/15

This Week

M39/15

Last Sale

S38/15

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

1515

1499

1506

+9

1337

+178

18

1458

1463

1450

+8

1301

+157

19

1405

1398

1382

+23

1205

+200

20

1365

1359

1331

+34

1172

+193

21

1348

1345

1328

+20

1159

+189

22

1333n

1332

1318n

+15

1134n

+199

26

976n

970n

977n

-1

930n

+46

28

811n

805

824n

-13

836

-25

30

695n

697n

699n

-4

787

-92

MC

1091

1096

1080

+11

933

+158

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 5th 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)

 

1

Techwool

5714

2

Fox & Lillie

3346

3

Lempriere (Aust)

3204

4

PJ Morris

3034

5

Global Wool Exp.

2919

6

Chinatex

2770

7

Aust. Merino Exp.

2593

8

Tianyu Wool

2143

9

Modiano

1845

 

 

Eastern Market Indicators (AUD cents/kg clean)

1239 cents é 12 cent compared with 18/03/2016

Northern Market Indicators (AUD cents/kg clean)

1261 cents é 9 cents compared with 18/03/2016

AUD/USD Currency Exchange

0.7623 é 0.0026  compared with 18/03/2016

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