Weekly Market Reports


27 April 2018

admin Macwool - Friday, April 27, 2018

WEEKLY MARKET REPORT

Week Ending 27th April, 2018

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S43/17

This Week

M43/17

Last Sale

S42/17

Sydney Change

Last Year

Sydney

Sydney Yearly Change

17

2763

2726n

2768n

-5

2324

+439

18

2361

2342

2355

+6

2178

+183

19

2105

2091

2088

+17

1897

+208

20

2005

1984

1981

+24

1591

+414

21

1969

1966

1952

+17

1473

+496

22

-

1956

-

+27 (M)

1393n (M)

+163

26

1343

1324n

1247

+96

1043

+300

28

993

1000

926

+67

738

+255

30

743

741

674

+69

579

+164

MC

1379n

1389n

1368n

+11

1165

+214

LEST WE FORGET

This week’s sale took on the unusual pattern of Tues/Thurs selling with the Anzac Day holiday in between, now widely regarded as our most important day of the year as more and more young people embrace the Anzac spirit and an ever increasing number of war-time stories emerge to re-inforce the significance of the day. Rumours of a solid market were confirmed on Tuesday as all sectors rallied as the AWEX EMI posted a 22 cent gain to a new high of 1847 to eclipse the previous record of 1834 at the end of February. The market may have suffered an Anzac day hangover on Thursday as the market for merino fleece types lost 5/15 cents in Sydney but a worrying 20 to 30 cents in the other 2 centres.  Despite the slight pull-back in the last session, the market still posted gains for all MPGs and the odd lot from Coonabarabran, Coolah and Gulgong with the “right specs” was 50 to 200 cents higher than their indicators.

Skirtings also benefitted from the renewed interest as, unlike their fleece counterparts, recorded rises over both days. The < 5% VM types up to 20 micron rose by 20/50 cents with burrier lots remaining rock solid all series. Cardings had a solid but unspectacular sale as most descriptions were quoted as firm to 20 cents higher than their previous values with a line of LKS from Wellington making an incredible 1050c (1630c clean). The revival of the Crossbred sector since Easter has been nothing short of spectacular with all microns adding 80 to 200 cents over the last 3 sales. The 130 cents jump for 25s in Melbourne last sale was outdone in Sydney with an incredible 149 cent climb this week as all other microns lifted by 30 to 90 cents.

The dramatic fall in the $A from just above 78 cents last Friday to 76 cents on Tuesday certainly helped the market in the opening session but couldn’t maintain the rise on Thursday even with a better FRX that has the $A at 77.75 cents. As stated last week the poorer selection of FLC  on offer is getting harder to average into orders as the high yielding and low VM types are becoming more scarce as just 37% of the FLC offering is below 1% VM compared to 50% 6 weeks ago. Also endangering the FLC prices as we move into the winter shearings is the lack of best topmaking style fleece - 17% back from 31% in the same time. Next week has 43,000 bales on offer and the cheaper markets in Melbourne/Fremantle could mean a steadier market all round.

                 Ag Concepts Fwd Prices as at 27 April, 2018

Micron

Date

Low

High

21

20-Jun-18

1930

1930

21

29-Aug-18

1800

1800

21

13-Mar-19

1660

1660

      Main Buyers (this week)

1

Techwool

7477

2

Fox & Lillie

4834

3

Tianyu

3445

4

Seatech Ind

2763

5

Aust. Merino Exp.

2691

6

PJ Morris

2096

7

Kathaytex Aust.

2063

8

Endeavour  Wool

2008

9

Modiano

1986

Eastern Market Indicators (AUD cents/kg clean)

1846 cents é 21 cents compared with 20/04/2018

Northern Market Indicators (AUD cents/kg clean)

1908 cents é 27 cents compared with 20/04/2018

AUD/USD Currency Exchange

0.7573 ê 0.0235 compared with 20/04/2018


Comments
Post has no comments.
Post a Comment





Trackback Link
http://www.macwool.com.au/BlogRetrieve.aspx?BlogID=4383&PostID=727996&A=Trackback
Trackbacks
Post has no trackbacks.