Weekly Market Reports


6 October 2017

admin Macwool - Friday, October 06, 2017

WEEKLY MARKET REPORT

Week Ending 6th October, 2017

AWEX Northern Micron Indices Comparison 

AWEX INDEX

This Week

S14/17

This Week

M14/17

Last Sale

S13/17

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

2253

2230n

2238

+15

1442n

+811

18

2112

2103

2072

+40

1429n

+683

19

1844

1831

1791

+53

1314n

+530

20

1654

1661

1597

+57

1248n

+406

21

1571

1569

1532n

+39

1245n

+326

22

1507n

1500n

1477n

+30

1230n

+277

26

1069n

1096n

1093n

-24

1064n

+5

28

788

805

798

-10

854

-66

30

535

551n

558n

-23

809

-274

MC

1163n

1146n

1142

+21

1073n

+90


DOLLAR HELPS KICK START THINGS - RAIN GUAGE STILL EMPTY

After a couple of weeks of flat-lining where the EMI only moved a few cents either way, it was pleasing to see the merino sector spring back to life across all categories. The fall in the dollar of around two cents USD finally had some traction which, when added with increased interest, saw some significant gains across all merino indicators. It was the low VM, low mid-break wools which saw the best of the competition but not limited to these types as buyers fought for quantity among the lesser types. What has become very evident over the past months is grower acceptance to shorter shearing intervals. We are seeing a much greater quantity of 6-9 month shearing, delivering wools in the 60-85mm bracket which the market is looking for. Whilst the discounts for longer wools aren’t always pronounced, the competition on the shorter wools are always more predictable. The skirting market followed similar trends as the fleece sector with rises of 20-50 cents over the two days selling. As usual a limited selection of cardings saw extreme competition in all three centres with some astounding prices for good crutchings and locks.

The crossbred market didn’t follow the same pattern and struggled to maintain levels although, what is apparent is that well prepared crossbred clips (which aren’t that common these days) sold much better than those thrown together.

Some interesting stats released from AWEX this week on comparisons year to date against the last five seasons. The volume of wool sold to date this year is 8% higher than last year and 5% higher than in 2013, yet the average value has increased by$227 a bale (15%) against last year and $542 a bale (44%) from 2013. For fleece wool (18.5 and finer) it has increased by $1000 a bale or 62% to $2600 a bale since 2013. Coarser than 18.5 it has risen to an average of $1957 a bale, an increase of $576 a bale. The only sector to not be at a peak is crossbred which, at an average of $927 a bale, is down $138 from their peak two years ago. The EMI this week at 1550 is exactly 250 cents higher than the same week last year.

Macwool will offer 724 bales next Thursday with another good week expected.  

Ag Concepts Fwd Prices at 6 October 2017

Micron

Date

Low

High

21

8-Nov-17

1560

1560

21

28-Feb-18

1520

1520

21

23-May-18

1500

1500

 

1

Fox & Lillie

4342

2

Techwool

3513

3

Tianyu Wool

2993

4

Seatech Ind.

2755

5

Aust Merino Exp.

2359

6

Modiano

1998

7

Endeavour Wool

1866

8

PJ Morris Wool

1790

9

Michell Aust.

1707

Eastern Market Indicators (AUD cents/kg clean)

1550 cents é 28 cents compared with 29/09/2017

Northern Market Indicators (AUD cents/kg clean)

1629 cents é 30 cents compared with 29/09/2017

AUD/USD Currency Exchange

0.7831 é 0.0010  compared with 29/09/2017

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