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AWEX Indicator unchanged in North region
17 Mar '08
4 min read
Although the overall market was down this week, there were increases at the fine end, particularly in the North on Wednesday, when most of the available fine wools in that region were offered for sale.
The Northern Micron Price Guides (MPGs) for 16.5, 17.0 and 17.5.5 microns rose by 28¢, 36¢ and 32¢ clean, respectively on the day. Medium and coarser wools eased over the two days, particularly in the South on Thursday when some lower yielding wools from South Australia were on offer. Stronger wools with low mid-breaks were in strong demand.
On a week to week basis, the average AWEX Micron Price Guides (MPGs) were up by 16¢ clean for 16.5 microns, by 18¢ for 17.0 microns, by 16¢ for 17.5 microns and by 6¢ for 18.0 microns, down by 2¢ for 18.5 microns, by 1¢ for 19.0 microns and was unchanged for 19.5 microns.
The 20.0 micron wool average MPG was down by 13¢ clean, 21.0 microns by 21¢, 22.0 microns by 15¢, 23.0 microns by 16¢, and 24.0 microns by 13¢. Better skirtings types were generally firm while others eased.
Crossbreds were general up for the week, with changes in their average MPGs ranging from 0¢ to +5¢. Oddments came under heavy pressure with falls across all types on both days. The average AWEX Merino Cardings MPG fell by 26¢.
Buyers for China were dominant with good support from those buying for India.
Sales will in Sydney and Melbourne next week, when 47,003 bales are currently rostered for sale. Presentestimates for the following two sales vary from to 49,200 to 64,229 bales, an increase of 6.4% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 0.6% since last week against a 0.5% appreciation of the Rand against the US Dollar and a 1.0% depreciation against the Euro.
ABS export statistics for the July to January period were released during the week. Australia exported 23 mkg of wool in January valued at $159 million, taking the year-to-date figures to 210 mkg (-13.6%) and $1,417 million (+3.5%). 61.9% of the total exports went to China.
The Northern Micron Price Guides (MPGs) for 16.5, 17.0 and 17.5.5 microns rose by 28¢, 36¢ and 32¢ clean, respectively on the day. Medium and coarser wools eased over the two days, particularly in the South on Thursday when some lower yielding wools from South Australia were on offer. Stronger wools with low mid-breaks were in strong demand.
On a week to week basis, the average AWEX Micron Price Guides (MPGs) were up by 16¢ clean for 16.5 microns, by 18¢ for 17.0 microns, by 16¢ for 17.5 microns and by 6¢ for 18.0 microns, down by 2¢ for 18.5 microns, by 1¢ for 19.0 microns and was unchanged for 19.5 microns.
The 20.0 micron wool average MPG was down by 13¢ clean, 21.0 microns by 21¢, 22.0 microns by 15¢, 23.0 microns by 16¢, and 24.0 microns by 13¢. Better skirtings types were generally firm while others eased.
Crossbreds were general up for the week, with changes in their average MPGs ranging from 0¢ to +5¢. Oddments came under heavy pressure with falls across all types on both days. The average AWEX Merino Cardings MPG fell by 26¢.
Buyers for China were dominant with good support from those buying for India.
Sales will in Sydney and Melbourne next week, when 47,003 bales are currently rostered for sale. Presentestimates for the following two sales vary from to 49,200 to 64,229 bales, an increase of 6.4% over the three sale period when compared with last year.
In South African sales, the Cape Wools Indicator was down by 0.6% since last week against a 0.5% appreciation of the Rand against the US Dollar and a 1.0% depreciation against the Euro.
ABS export statistics for the July to January period were released during the week. Australia exported 23 mkg of wool in January valued at $159 million, taking the year-to-date figures to 210 mkg (-13.6%) and $1,417 million (+3.5%). 61.9% of the total exports went to China.
Australian Wool Innovation Limited
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