Weekly Market Reports


8th June 2018

admin Macwool - Friday, June 08, 2018

WEEKLY MARKET REPORT

Week Ending 8th June, 2018

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S49/17

This Week

M49/17

Last Sale

S48/17

Sydney Change

Last Year

Sydney

Sydney Yearly Change

17

2863n

2834n

2885

-22

2183n

+680

18

2519

2505

2554

-35

2075

+444

19

2271

2284

2316

-45

1837

+434

20

2256

2262

2258

-2

1574

+682

21

2254

2254

2239

+15

1505

+749

22

2231n

2242

2216n

+15

1422n (M)

-

26

1491n

1489n

1494

-3

-

-

28

1020n

1005

1023

-3

762n

+258

30

700n

698

709

-9

568n

+132

MC

1479n

1474n

1470n

+9

1180n

+299

HAVE WE REACHED THE PEAK?

After four weeks of continued large price increases the wool market has cooled slightly this week in the smallest offering of the season, only 26942 bales were available to the buying trade.

Despite this smaller offering, a softer tone was evident from the outset. The losses were mainly the finer microns resulting in 19.0 micron and finer losing between 25 and 50 cents clean.

A very limited supply of 21 micron wools and broader attracted strong demand pushing prices up by 15 cents clean for these types.

The Eastern Market Indicator (EMI) lost 16 cents off the record set in the previous sale and closed at 2011 cents.

The skirtings also suffered 20 to 40 cents loss, however skirting wools carrying less than 4.0% vegetable matter were not as affected by the drop  in price.

Crossbred wools were also cheaper with 28.0 to 30.0 microns off by 5 to 15 cents.

It was very evident this week that poorly prepared and very dusty clips in all microns lost buyer support and were the hardest hit in the falling market.

Most carding types remained firm on a limited offering.

Quantities increase next week with all 3 centres selling and a roster of 28.956 bales, Macdonald and Co will offer 1081 bales Wednesday 31st. Will we see more falls who knows.

Ag Concepts Fwd Prices as at 1 June, 2018

Micron

Date

Low

High

Micron

Date

Low

High

21

11-Jul-18

2155

2155

21

14-Nov-18

1900

1950

21

26-Sep-18

1965

2005

21

13-Feb-19

1910

1910

 

Main Buyers (this week)

1

Techwool

4339

2

Fox & Lillie

2864

3

Seatech Ind.

2562

4

Tianyu

2034

5

Modiano

1872

6

Endeavour Wool

1502

7

Michell Wool

1494

8

Aust. Merino Exp.

1380

9

United Wool Co.

Eastern Market Indicators (AUD cents/kg clean)

2011 cents ê 16 cents compared with 31/5/2018

Northern Market Indicators (AUD cents/kg clean)

2057 cents ê 19 cents compared with 31/5/2018

AUD/USD Currency Exchange

0.767 é 0.0104 compared with 31/05/2018

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