Weekly Market Reports


4 May 2012

admin Macwool - Friday, May 04, 2012

 

WEEKLY MARKET REPORT

Week Ending 4th May, 2012

Northern Micron Indices Comparison: Source of information: AWEX

AWEX
INDEX

This Week
04/05/12

Last Sale
27/04/12

Change

Last Year
05/05/11

Yearly
Change

17

1622n

1610n

+12

2399n

-777

18

1466

1460

+6

2026

-560

19

1383

1381

+2

1629

-246

20

1341

1333

+8

1358

-17

21

1321

1313

+8

1286

+35

22

1293

1275n

+18

1246n

+47

23

1248n

1237n

+11

1191n

+57

28

658

652

+6

640

+18

30

593

590

+3

576n

+17

32

518n

519n

-1

-

-

MC

694

714

-20

781

-87

                                                                                                                                                                                                                                               

MARKET DEARER AND BUILDING MOMENTUM??

Our hope for a solid market rang true as most indicators edged higher as the sale progressed. After falling progressively since mid-March the market has taken somewhat of a breather over the past two weeks, basically flat-lining at around 1160 cents. The opening day saw increases in all merino fleece categories - some by as much as 20 cents in Melbourne and Fremantle. The market in Sydney wasn’t as aggressive with all indicators up to 9 cents dearer. Despite this subtle upward trend, a fall in the broad crossbred indicators and the merino cardings of up to 9 cents negated any movement of the Sydney indicator, stuck on 1194 cents. Again, like last week, this illustrates the influence crossbreds and cardings have on the direction of the indicator. The concluding day saw good increases for most merino categories, except 18 to 19.5 losing up to 5 cents in Sydney. In a worrying sign for next week, Fremantle did taper off with 18.5 to 19.5 micron dropping 10 to 15 cents, but this was due to one of the main buyers pulling out after filling up on quantity early in the sale. By the end of the sale 17.5 and finer and 21 to 23s added 10 to 20 cents with 18 to 20 micron recording single digit rises. Most fleece types benefitted from renewed competition with emphasis on the low mid-break FNF lots. Price difference between FNF or up to 1.5% VM and 2 to 3% VM in most fleece lots can be as much as 20 to 30 cents. The heavier VM lines over 3% are attracting a discount of up to 100 cents clean from an FNF type as are lines with colour and cott.

Skirtings had a solid if not spectacular sale. Most descriptions opened on a firm note with emphasis on lots <5% VM. This remained the status quo till the end of the week with some heavier VM types on Thursday irregular depending on the amount of colour, cott and jowl in them. Once again we stress the importance of removing these faults from your BKN lines. Cardings had another tough week losing value as the sale progressed. Locks opened the sale dearer, but lost ground on the second day to finish the sale 5 cents cheaper. Stains and crutchings lost ground on both days to lose 30 cents for the week. Crossbreds had a mixed week as the opening day’s falls were offset by good rises on the second day to have crossbreds up to 5 cents dearer.

This week marks 1 year since our opening sale for Macwool. Since then we have sold 37,800 bales, grossing $43 million, a great effort, all things considered. The loyalty from clients has been far beyond our hopes and expectations, thanks again! Next week Macwool sells early on Wednesday in the smallest national catalogue of the season, just 35,700 bales.                                               

Ag Concepts

MPG

Maturity

High

Low

21

Jun-12

1300

1300

22

Sep-12

1220

1220

21

Apr-13

1210

1210

  

1

Viterra Wool

5055

2

Fox & Lillie

3894

3

Techwool Trading

3430

4

Lempriere (Aust)

3212

5

Williams Wool

2077

6

Modiano (Aust)

2046

7

QLD Cotton

1835

8

AS Gedge (Aust)

1688

9

PJ Morris

1475

               

Eastern Market Indicators (AUD cents/kg clean)                                               AUD/USD Currency Exchange

                Eastern 1170 cents é 5 cents compared with 26/04/12                        1.0308 ê 0.0074 compared with 26/04/12

                Northern Market Indicators (AUD cents/kg clean)

                Northern 1195 cents é 1 cents compared with 26/04/12

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