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AWIS wool market review - week ending 17 June 2011 (Week 50)

2011-6-21

Competition remains very strong.  The trade reports that this is most obvious among some types that are in demand, but in limited supply; for example the 17.5 MPG rose by 36¢ in the South on Thursday.The EMI in US currency (1506¢) has risen by 94.7% since July compared with a 62.2% increase in Australian currency.

The EMI in US currency (1506¢) has risen by 94.7% since July compared with a 62.2% increase in Australian currency.

Sale-to-Sale Changes in Average AWEX Merino Micron Price Guides (MPGs)

Micron

16.5

17.0

17.5

18.0

18.5

19.0

19.5

20.0

21.0

22.0

23.0

24.0

Since Last Sale:

Change ¢

     

+5 

-2

-14 

-13 

+7

+13

+12

+9

 

Change %

     

+0.2%

-0.1%

-0.8%

-0.8%

+0.4%

+0.9%

+0.8%

+0.7%

 

Since Sales 1 & 2: 

Change ¢

+1129

+1104

+1006

+896

+732

+707

+683

+637

+593

+546

+427

 

Change %

+80.8%

+88.5%

+84.5%

+77.3%

+65.8%

+67.9%

+70.1%

+67.8%

+64.0%

+60.1%

+47.9%

 

Since Start of 2011

Change ¢

+660

+570

+495

+430

+378

+453

+518

+539

+514

+500

+417

 

Change %

+35.4%

+32.0%

+29.1%

+26.5%

+25.8%

+35.0%

+45.4%

+52.0%

+51.1%

+52.4%

+46.2%

 

It was a very good week for skirting types, with prices rises of up to 30¢ greasy and greater, strong competition over both days and a lower pass-in rate than seen in recent weeks.

Crossbreds were also in keen demand after a quieter sale last week.  Increases of 2.5% to 3.5% were reported in their average AWEX MPGs.

Oddments had another good week, with significant price rises across all types on Wednesday and further gains on Thursday.  The average AWEX Merino Cardings Price Guide was up by 6.0%, taking the gain over the last three sales to 11.2%.

Sale-to-Sale Changes in Other Average AWEX Price Guides

Micron

25.0

26.0

28.0

30.0

32.0

MC#

Since Last Sale:

Change ¢

 

+21

+17

+17 

+20

+46

Change %

 

+2.4%

+2.5%

+2.8%

+3.6%

+6.0%

Since Sales 1 & 2:

Change ¢

 

+281

+227

+220

+218

+197

Change %

 

+45.0%

+48.8%

+53.7%

+60.2%

+32.3%

Since Start of 2011

Change ¢

 

+274

+210

+190

+172

+176

Change %

  

+43.4%

+43.6%

+43.2%

+42.2%

+27.9%

# Average Merino Cardings Price Guide

Source:AWIS
 
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