Weekly Market Reports


25 August 2017

admin Macwool - Friday, August 25, 2017

WEEKLY MARKET REPORT

Week Ending 25th August, 2017

AWEX Northern Micron Indices Comparison 

AWEX INDEX

This Week

S08/17

This Week

M08/17

Last Sale

S07/17

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2274

2282n

2282

-8

1588n

+686

18

2169

2168

2201

-32

1553

+616

19

1862

1862

1924

-62

1496

+366

20

1663

1652

1724

-61

1478

+185

21

1640n

1611

1668

-28

1471

+169

22

-

1532

1602n

-70 (M)

1450 (M)

+82 (M)

26

1149n

1144n

1180

-31

1139n

+10

28

883n

888

899

-16

777

+106

30

658n

660

682

-24

677

-19

MC

1102

1093n

1110

-8

1053

+49

RAM SALES OFF TO A FLYER!

The wool market’s “day in the sun” was just that!! The record prices in some categories only lasted a day as the market made a hasty retreat in all sectors this week despite only the 2 Eastern Seaboard centres operating with 37,500 bales on offer. The market was cheaper from the outset although the negative tone had somewhat dissipated in the final session as 17.5 and finer actually regained some of the previous day’s losses. The AWEX EMI gave back 42 cents from last sale’s 64 cent climb to 1572(the largest weekly fall since April). The fall in US$ terms was similar (40 cents to 1240) as the A$ spent most of the week either side of 79 cents. The only microns to escape unscathed were < 17.0 micron, spinners’ style with excellent L/S readings as 17.5 to 18.5 and 21s came back 20 to 35 cents while 19/20 and 22 > fell by 60 to 80 cents with lots carrying heavy col/cott and high VM levels were discounted up to 100 cents. Growers balked at this sudden price drop to pass-in over 16% of fleece wool.

Skirtings followed a similar pattern to the fleece room as an opening day’s fall was negated by a solid closing day. By the last lot sold better style types finer than 19 micron and < 3% VM were solid to 20 cents cheaper whereas high VM types fell by 50 cents. Crossbreds also couldn’t escape the carnage as finer than 26 micron fell by 30 cents while 28s and broader looked 15/25 cents back from last sale. The carding sector was the least affected of any as losses were minimal. All operators looked to be back in the market as LKS fell 10 cents in Sydney and burrier types in Melbourne lost 30 to 50 cents.

Buyers clawed back a little of the price gains of the opening 2 sales as the heat came out of the market. The only shining light was the superior super-fine types that held their ground as buyers may have been focussing on next week’s opening designated Super-fine sale of the season in Sydney.  Next week has all 3 centres back on line with 44,000 bales on offer.

The National Sheep Show and Ram Sale was held in Dubbo this week with a ram from Nerstane Merino Stud at Woolbrook, via Walcha, crowned Supreme Ram reversing the result from Bendigo in July when it ran 2nd to a ram from Eilan Donan stud in Victoria.  Prices didn’t quite follow the judges’ scorecard as the Nerstane ram made $40,000 with a 1st class ticket to Uruguay and a syndicate paid $52,500 for the Eilan Donan sheep.  Other notable sales were Roseville Park, top of $25,000 to average $9,555. Langdene from Dunedoo had 2ndtop price of $50,000 to average $17,400 and Alfoxton from Armidale averaged $11,200 and topped at $30,000. The sale average $10,400 which was about $4,000 higher than last year, hopefully a sign of things to come for on-property sales??

Ag Concepts Fwd Prices at 25 August 2017

Micron

Date

Low

High

21

27-Sep-17

1580

1580

21

25-Oct-17

1550

1555

21

11-Sep-19

1325

1325

 Main Buyers (This Week)

1

Fox & Lillie 

5652

2

Aust Merino Exp.

5374

3

Techwool

3757

4

Tianyu

3444

5

Seatech Ind.

2962

6

Lempriere Aust.

2340

7

Kathaytex Aust.

2169

8

New England Wool

1679

9

G Schneider

1679

Eastern Market Indicators (AUD cents/kg clean)

1572 cents ê 42 cents compared with 18/08//2017

Northern Market Indicators (AUD cents/kg clean)

1650 cents ê 29 cents compared with 18/08/2017

AUD/USD Currency Exchange

0.7891 ê 0.0045  compared with 18/08/2017

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