WEEKLY MARKET REPORT
Week Ending 27th October, 2017
AWEX Northern Micron Indices Comparison
|
AWEX INDEX |
This Week S17/17 |
This Week M17/17 |
Last Sale S16/17 |
Sydney Change |
Last Year Sydney |
Sydney Yearly Change |
|
17 |
2377 |
2273n |
2338 |
+39 |
1669 |
+708 |
|
18 |
2201 |
2153 |
2161 |
+40 |
1641 |
+560 |
|
19 |
1920 |
1892 |
1885 |
+35 |
1573 |
+347 |
|
20 |
1668 |
1653 |
1657 |
+11 |
1468 |
+200 |
|
21 |
1560 |
1556 |
1553 |
+7 |
1415n |
+145 |
|
22 |
1483n |
1491n |
1476n |
+7 |
1388n |
+95 |
|
26 |
1014 |
1014 |
1043 |
-29 |
1084n (M) |
-70 (M) |
|
28 |
707 |
705 |
726 |
-19 |
735 |
-28 |
|
30 |
515 |
518n |
521 |
-6 |
594 |
-79 |
|
MC |
1233n |
1239n |
1206 |
+27 |
1128n |
+105 |
BILLION DOLLAR WOOL CLIP ALREADY!
After a shaky start the market consolidated late in the sale to see the AWEX EMI post a 10 cent gain for the series to 1578. The impetus for the rising market was the favourable shift in the FRX, 76.85 on Wednesday night, 2% fall - from a high of 78.50 cents last Thursday. This saw the EMI in $US terms actually lose ground to 1218, a discount of 13 cents. The market looked as though it was split in two as the sale opened, finer than 19 micron on the increase and broader types cheaper, but the 2nd day of selling saw renewed buying activity to have < 19.5 20 to 45 cents to the good with 20s and broader 10 cents better as all types, regardless of VM, colour and (to an extent) mid-breaks benefitted.Skirtings continued on their merry way as the superior style types with < 5% VM were up to 50 cents higher with most lots 20 dearer. Growers warmed to these new higher levels as just 8 bales were passed-in from 2038 offered!! Cardings also are at lofty heights with the 3 regional MCIs now averaging 1236 cents after all types gained 20/30 cents. Again, growers liked the increased prices as only 9 bales failed to find a new home from 1273! These levels now equal with any peak over the past 5 years. Crossbreds continue to frustrate growers as the finer microns, 25 to 28s, fell another 20 to 30 cents as the broader types were in buyers’ favour as high volumes outside Australia still hinder this sector.
A milestone week as the value of wool sold so far this season broke through the $billion mark ($1,004.66m). This equates to $1792/bale for every bale. This is the earliest point of the season since 2002 that this has happened. For the same sale last year the value was only $800 million (26% lower) with the volume of wool sold only 12% down on this season.
Ram sales are just about wound up in this area as the focus moves to the south of NSW. A few results are; Glenwood at Wellington topped at $5600 to average $1855 to clear 92%; Grogansworth at Bowning achieved a clearance rate of 98% with a top price of $4750 and an average of $2075, up by a healthy $360 from last year. Next sale has 47,000 bales rostered in the 3 centres with the market to continue in the same vein, good for Merino and tough for Crossbreds.
Ag Concepts Fwd Prices at 27 October 2017
|
Micron |
Date |
Low |
High |
|
21 |
28-Feb-18 |
1530 |
1530 |
|
21 |
28-Mar-18 |
1520 |
1520 |
Main Buyers (this week)
|
1 |
Tianyu Wool |
4432 |
2 |
Fox & Lillie |
4226 |
3 |
Techwool |
3618 |
|
4 |
Australian Merino |
3456 |
5 |
Lempriere |
2771 |
6 |
Seatech Ind. |
2682 |
|
Eastern Market Indicators (AUD cents/kg clean) 1578 cents é 10 cents compared with 20/10/2017 |
Northern Market Indicators (AUD cents/kg clean) 1673 cents é 16 cents compared with 20/10/2017 |
|
AUD/USD Currency Exchange 0.7717 ê 0.0135 compared with 20/10/2017 |
|
2L Richardson Rd, Dubbo | PO Box 1952
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