Weekly Market Reports


29 September 2017

admin Macwool - Friday, September 29, 2017

WEEKLY MARKET REPORT

Week Ending 29 th September, 2017

 AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S13/17

This Week

M13/17

Last Sale

S12/17

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2238

2199n

2228

+10

1613

+625

18

2072

2078

2072

0

1596

+476

19

1791

1790

1778

+13

1527

+264

20

1597

1604

1588

+9

1405

+192

21

1532n

1524

1540

-8

1393

+139

22

1477n

1476n

1477n

0

1364n

+113

26

1093n

1103n

1101

-8

1123n

-30

28

798

813

813

-15

770

+28

30

558n

563

586

-28

603

-45

MC

1142

1139n

1113n

+29

1063n

+79


MARKET FLAT- RAIN GAUGE EMPTY

For the 2nd week in a row the wool market struggled to move in any direction as the AWEX EMI lost just 3 cents to 1522. The local movements were a mirror image of the previous series as Sydney edged forward by 3 cents and Melbourne gave up 7 cents. Some might say a disappointing sale given the quality and style of the selection in Sydney and the almost 2 cent depreciation in the FRX to just above 78 cents. This shift in the A$ saw a 30 cent fall in US$ terms to 1190. Movements were small as most microns were in sellers’ favour to 10 cents better (bar 21s back by 8 cents) but with the superior types in Sydney came some healthy premiums. Some cracking super-fine types we offered from Merriwa and Mudgee looked to be 100 to 200 cents above their indicators with some low mid-break types also selling well above expectations.

Skirtings took until the final day of selling to edge their nose in front. After conceding up to 20 cents early in the series, a reversal in fortunes saw most types and descriptions finish about 10 cents to the good. Cardings rose for the 4th sale in a row as the 2 East Coast centres averaged a 25 cent jump while all types added 15 to 35 cents to their previous levels. It was a different story for the XB sector as it suffered losses for the 3rd sale in a row. 26, 28 and 32 microns fell by 10/15 cents while 30s lost 30 cents.

More to come out of the Nanjing Wool Market was the announcement of 2 E-commerce platforms for all things wool in China with one already operating and includes functions of providing finance and logistics. A common theme from the conference was the need for further industry programs within the education, promotion and innovation fields as most attendees thought the current high prices can be maintained by innovating new products as double faced and fake fur products have created more demand.

A final remainder that you only have until next Friday to become a shareholder of AWI if you aren’t already one. Almost half of wool levy payers have not registered to be a shareholder. Macwool will offer 710 bales next Wednesday.


Ag Concepts Fwd Prices at 29/09/2017

Micron

Date

Low

High

21

22-Nov-2017

1520

1520

Main Buyers (This Week)

1

Tianyu Wool

3997

2

Fox & Lillie

3867

3

Techwool

3330

4

Seatech Ind.

2120

5

PJ Morris Wool

1988

6

Aust. Merino Exp.

1386

7

G Schneider

1296

8

Michell Aust.

1175

9

Lempriere Aust.

923

Eastern Market Indicators (AUD cents/kg clean)

1522 cents ê3 cents compared with 22/09/2017

Northern Market Indicators (AUD cents/kg clean)

1599 cents é 3 cents compared with 22/09/2017

AUD/USD Currency Exchange

0.7821 ê 0.0182 compared with 22/09/2017


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