Weekly Market Reports


Weekly Market Report

admin Macwool - Thursday, April 02, 2015

WEEKLY MARKET REPORT

Week Ending 2nd April, 2015

AWEX Northern Micron Indices Comparison

AWEX INDEX

This Week

S40/14

This Week

M40/14

Last Sale

S39/14

Sydney

Change

Last Year

Sydney

Sydney Yearly

Change

17

1347

1328

1337

+10

1233n

-104

18

1305

1298

1301

+4

1170

-131

19

1220

1222

1205

+15

1113

-92

20

1189

1177

1172

+17

1088

-84

21

1173

1163

1159

+14

1090

-69

22

1135n

1126

1134n

+1

1072

-62

26

930n

925n

930n

+4

736n

-194

28

838

838

836

+2

653

-183

30

802

792

787

+15

624

-163

MC

949

975

933

+16

771

-162

WOOL SALES AND EASTER SHOW – A GREAT COMBO

As we mentioned in last weeks report, history was made as the wool sale was held at the sheep pavilion at the RAS Easter Show. A roaring success is the best way to describe this inaugural sale at this venue, although as with every “first” there were a few teething problems, but nothing that won’t be sorted out before next year. This could become an annual event as support from all sectors of the trade was fantastic from the out-set, so much so, we had a few buyers up from Melbourne to get a hand-on feel of how we do things in Sydney as far as promotion goes. There was a constant crowd of “Sydney-siders” streaming past seeing just how a wool sale is conducted. We have some good photos on the website-www.macwool.com.au or go to our face-book page to view the action. We had the largest client attendance for some years, 9 in total, adding up to over 750 bales, 27% of the catalogue (1990 bales). Our catalogue was the 2nd largest of the sale in Sydney.

As far as the market goes, all seemed well. Whether it was the occasion, a sale recess next week, the drop in the exchange rate or the fear of a falling market spoiling the spectacle or a combination of all these, the market had good rises on both days as most microns added 5 to 15 cents. The AWEX EMI rose by 12 cents now over 1100,  its best level since February last year. Off types kept pace with lots containing good specs as over 96% of fleece was cleared to the trade.

 The highlight of the sale the 4 bales of wool donated by a very generous Brewarrina grazier to the Helping Heidi Hawkins Foundation. This 20.1 micron lot made 2,400 cents to gross $17160 for this most important cause. Modiano Aust. bought this lot and a big “Thank You” goes to them for their generosity. Sharpy thought he had some sort of world record, 20 micron wool making 2,400 cents, but was quickly reminded that Luke still holds this illustrious record for the Red Kite bale sold 4 years ago that made 6,200 cents, still 2nd highest is better than nothing!!!!

Skirting’s again benefitted from the strong competition as all types and descriptions found new levels as the sale progressed Finer microns with VM levels under 5% were anywhere from 30 to 50 cents better by the end of the sale with all other lots adding 15 to 25 cents to their previous values. The record breaking run for cardings continued as the 3 centres had their MCI’s all posting double digit rises, the indicators now 947 to 975, incredible figures, but when converted to US$ terms still shy of its record from 2011, due to the shift in the exchange rate. LKS in our catalogue made 965 to 986 cents clean, low to high 500’s in greasy terms and a prominent grower from the top end of the Marra sold short LMS fleece wool-40 to 50mm- for 859 cent compared to his 72mm Lms fleece for 775 cents, great money for these types. Crossbreds also had a solid sale, but not to the extent of the other sectors. The 30 micron indicator added 15 cents to its value with all other microns fully firm to sellers favour. Growers again were very happy with the levels of prices in Room 2 as over 98% was cleared to the trade.

We now enjoy a week’s break after Easter. Our next sale will be on Wednesday 15th, April with around 1700 bales on offer. The market has had a somewhat stable opening to 2015. Apart from a spike in early February and this weeks rise to above 1100 cents, market movements have been confined to a narrow 10 cent band, 1084 to 1094 since the February rise. Lets hope for better things post Easter as we hopefully get the desperately needed  rain. Have a good Easter.       

           

Main Buyers (This Week)

1

Techwool

6561

2

Chinatex

4493

3

P J Morris

2834

4

Lempriere

2509

5

Kathaytex (Vic)

2378

6

Fox and Lillie

1867

7

Modiano (Aust)

1327

8

Tianyu

1310

9

Australian Merino

1178

Eastern Market Indicators (AUD cents/kg clean)

1106 cents é 12 cents compared with 27/03/2015

Northern Market Indicators (AUD cents/kg clean)

1113 cents é 14 cents compared with 27/03/2015

AUD/USD Currency Exchange

0.76.33 ê 0.0174 compared with 27/03/2015

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