Americas. Australia. New Zealand. United Kingdom. Market Report November 28th

Transcription

1 W T Wool in Market Report November 28th 2016 Australia Americas Go to text Go to tables Go to text Go to tables New Zealand United Kingdom Go to text Go to tables Go to text Go to tables South Africa China Go to text Go to tables Go to tables Exchange Rates Next Sales If you would like to place a banner advertisement in the Wool Market Report, please contact James Wilson at Suppliers of Greasy and Scoured Wool Since We at Fuhrmann have been trading wool since jwilson@wtin.com Today, as a part of the prestigious scheider group we offer an international network, finacial strength, wealth of experience and commitment to our customers world wide Fuhrmann NZ PO Box 1164, Christchurch, NEW ZEALAND Tel: Fax: fuhrmann@fuhrmann.co.nz

2 Wool Market Report November 28th 2016 AUSTRALIA Market leaps to 17-month high Week 49 of the 2014/15 season, when it reached 1,373 cents. However, analysts noted that the spike in the EMI that week was caused by a need to fulfil delivery requirements and a shortage of wool, with no Fremantle sales. The EMI the week before was 1,312 cents and the week after 1,356 cents. If that Week 49 of the 2014/15 season was taken out of the equation, this week s EMI of 1,363 cents is the highest since the 2010/11 season. This week, on Tuesday November 22, sales were held in Melbourne only. The EMI lifted by 2 cents to 1,316n cents but in US dollar terms fell by 10 cents to 973 US cents. On Wednesday November 23 and Thursday November 24 sales were held at all three selling centres. On Wednesday the EMI was up by 25 cents to 1,341 cents and in US dollar terms climbed by 22 cents to 995 US cents. On Thursday, the EMI lifted by a further 22 cents to 1,363 cents and in US dollar terms increased by an additional 9 cents to 1,004 US cents. The Australian wool market surged to a 17-month high this week, as prices spiked in both local currency and US dollar terms. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) climbed by 49 cents (3.7%) for the week to close on 1,363 cents per kilo clean on Thursday, November 24. In US dollar terms, the market rose by 21 cents (2.1%) to close on 1,004 US cents. The Australian dollar against the US dollar finished the week down 0.9% on last week, at 73.8 US cents. However, while the slight weakening of the local currency helped the market, it could not explain the extent of this week s upturn, which was driven by strong buyer interest. The strength of the market was illustrated by the EMI in US dollar terms going back above the 1,000 US cents mark. This week s EMI is the highest since June 2015, in The Merino fleece wools lifted by 4-5% across most of the Micron Price Guides with the exception of 19 microns, which were up 3.8%, and 22 microns, which lifted by 3.7%, as the finer types proved to be the strongest performers once again. The difference between prices for 16.5 and 22 micron Merino wools stretched to 346 cents in the North, and 319 cents in the South. Even crossbred wools lifted this week, mostly rising by %. However, analysts noted that the market remains effectively one of two wool types, with Merino wools continuing to perform significantly better than the crossbred types. This was reflected in the pass-in rates this week, with 1.1% for Merino wools its lowest since the 2010/11 season and 10.4% for crossbred wools. The AWEX Merino Cardings Index continued its recent surge, lifting by 31 cents (2.8%) to 1,137 cents this week. The strong demand for carding types was evidenced by Michell s appearance in the list of top 10 buyers for the week. Skirtings and oddments were also in strong demand. This week s national offering was 47,469 bales, which brought a clearance of 96%. The offering at next week s 2

3 Wool Market Report November 28th 2016 auction is forecast to be 48,603 bales, followed by 45,500 bales the following week and 47,200 bales the week after that. The offerings for the next three weeks are forecast to be 15% higher than the same period last year, as the trade continues to catch up on volumes following the delays to shearing caused by the heavy rains and floods during September and early October. China was the dominant player in the auction room once again this week, with competition from India, Europe and Korea. NEW ZEALAND Most types ease further was 0.64% lower than last week s sale, having minimal positive impact. Subdued demand and continued uncertainty around new market interest in coming weeks is restricting buying activity. Compared to the last similar North Island selection on November 10: good colour fine crossbred fleece were 1-2% dearer with average/poor styles 3-7% cheaper. Good colour fine crossbred shears 3-5 and 3-4 inches were % easier with 2-4 and 2-3 inches firm to 5% dearer. All poorer style fine crossbred shears were 3.5-7% cheaper. Good colour coarse crossbred fleece were firm with poorer styles 7-8% cheaper. Coarse shears 3-5 and 2-4 inches were 1-5% cheaper with 2-3 inches 1.5% dearer. Short oddments ranged from 7-13% cheaper. There was limited competition with Australasia, Western Europe and China principals, supported by the Middle East, India and the UK. Source: Wool Services International SOUTH AFRICA Market 1% lower The wool market traded 1% lower this week and the Cape Wools Merino Indicator decreased by 152 points to close at a value of R (Clean). The Cape Wools All Wool Indicator lost 0.5%. At this week s North Island sale, 7,250 bales of wool on offer saw a 72% clearance with most types easing further. Some good colour types resisted this trend as buyers continued very focused buying with targeted better style wools getting more support. The weighted indicator for the main trading currencies The wool market invariably reflected the rand s intraday gains to the US dollar, which saw prices ease slightly. The demand for South African wool remains healthy and practically all wool delivered to market was taken up. As was expected the longer and better quality wool outperformed the shorter and inferior types. The competition between buyers was intense with Standard Wool and Modiano vying for each lot. This week saw the rand at R14.11 to the US dollar. The rand strengthened by 0.7% against the US dollar compared with the average rate at the previous sale. The rand gained 1.7% against the Euro, trading at 3

4 Wool Market Report November 28th 2016 successfully traded remaining at an overall unchanged average market indicator of R per kg. The weaker SA currency would not support today s market, with the currency once again trading at varying levels. A highest price of R per kg was paid for a bale of super style 25 micron kid hair. R The offering comprised 12,096 bales of which 97% was sold. Major traders were Standard Wool SA (4,219 bales), Modiano (3,974), Lempriere SA (2,075) and Stucken & Co (1,033). The average clean prices for the selection within the different micron categories for good topmaking (MF5), long fleeces were as follows: 18 microns gained 1.7% to close at R171.24/kg; 18.5 microns increased 0.2% to close at R162.71/kg; 19 microns increased 0.6% to close at R163.58/ kg; 19.5 microns lost 0.9% to close at R158.70/kg; 20 microns decreased 1.9% to close at R155.59/ kg; 20.5 microns remained unchanged to close at R147.31/kg; 21 microns lost 1.1% to close at R144.17/kg; 21.5 microns decreased 2.2% to close at R141.91/kg; 22 microns dropped 1% to close at R143.07/kg; and 22.5 microns lost 1.7% to close at R140.17/kg. Source: Cape Wools Mohair Subdued competition leads to 58% clearance The penultimate sale of the 2016 winter season had a larger than usual offering of 145,719 kg. The offering consisted of good quality mohair, with some excellent individual clips, which attracted better interest from the buyers. Overall competition was somewhat subdued, with a large volume of mohair held back by the brokers, which was sold at good levels after the sale, especially the strong adult mohair. This resulted in an overall sales clearance of 58%, with the mohair Compared to the previous sale, prices were as follows: Kids (Winter) unchanged; Young Goats (Winter) down 5%; Fine Adults up 1%; Strong Adults unchanged; Average unchanged. Source: Mohair SA UNITED KINGDOM Prices generally cheaper The ninth sale of the 2016/17 season offered 2,066,471 kg. Following a strong sale of two weeks ago, the market was quieter with prices generally cheaper. The clearance was 67%. Compared to the last time sold: Fine types: 3.5% cheaper. Medium types: No.1. Ewes 2.5% dearer, all other Medium types 2.5% cheaper. Romney types: 2.5% cheaper. Mule types: Hogs up to 3.5% dearer, No.1 Ewes firm, others up to 5% cheaper. Cheviot types: % cheaper. Radnor types: Mediums firm, others 5% cheaper. Welsh types: 4-5% cheaper. Swaledale types: Firm. Blackface types: % cheaper. Source: British Wool Marketing Board UNITED STATES US wool trading on a clean basis was at a standstill with no confirmed sales this week. Greasy wool sales were also at a standstill with no confirmed sales this week. Source: USDA-AMS, Greeley, CO 4

5 Wool Market Report - Price Directory November 28th 2016 AUSTRALIA AWEX REGIONAL INDICATORS Australian cents/kg, clean, Schlumberger dry. Season 2014/15 Season 2015/16 Region Nov 17 Nov 22 Nov 23 Nov 24 Opening High Low Opening High Low Year ago Northern Sydney 1,359-1,392 1,418 Northern 1,027 1,397 1,017 1,259 1,323 1,240 1,275 Southern Melbourne 1,285 1,289 1,308 1,327 Southern 1,014 1, ,225 1,292 1,210 1,228 Western Fremantle 1,382-1,412 1,438 Western 1,065 1,428 1,042 1,273 1,355 1,254 1,296 Eastern Market Indicator (EMI) 1,314 1,316 1,341 1,363 Eastern 1,018 1,373 1,001 1,238 1,304 1,222 1,246 AWEX REGIONAL MICRON PRICE GUIDES Australian cents/kg, clean, Schlumberger dry. Northern Region - (Sydney) Southern Region - (Melbourne) Western Region - (Fremantle) Micron Nov 17 Nov 22 Nov 23 Nov 24 Micron Nov 17 Nov 22 Nov 23 Nov 24 Micron Nov 17 Nov 22 Nov 23 Nov ,678-1,720 1, ,656n 1,693n 1,725n ,667-1,706 1, ,648n 1,650n 1,688n 1,719n ,658-1,695 1, ,637 1,640 1,681 1, ,636-1,677 1, ,626 1,633 1,656 1, ,626n - 1,652n 1,671n ,611-1,650 1, ,604 1,604 1,634 1, ,604n - 1,634n 1,661n 19 1,570-1,603 1, ,569 1,569 1,588 1, ,551-1,574 1, ,515-1,553 1, ,516 1,516 1,537 1, ,513-1,544 1, ,451-1,483 1, ,451 1,451 1,470 1, ,436-1,455 1, ,383-1,419 1, ,373 1,393n 1,409 1, ,380-1,414 1, ,368n - 1,392n 1,412n 22 1,353 1,363n 1,391n 1, ,359n - 1,383n 1,411n ,344n - 1,386n 1,402n ,068n 25 1,069n - 1,082n 1,082n n - 981n 967n n 990n 990n 976n n n n 448n n 442n 449n 449n MC 1,103n - 1,115 1,123n MC 1,103 1,117 1,136 1,150 MC 1,111n - 1,132n 1,139n SOURCE: AUSTRALIAN WOOL EXCHANGE (AWEX) NEW ZEALAND NEW ZEALAND WOOL SERVICES INDICATORS NZ cents per kg, clean Merino Mid Micron Fine Xbred Coarse Xbred Lamb Week 11 15/09/16 N/A N/A N/A Week 12 22/09/ N/A Week 13 29/09/16 N/A N/A N/A Week 14 06/10/ N/A Week 16 20/10/ N/A Week 17 27/10/16 N/A N/A N/A Week 19 10/11/ N/A SCHNEIDER FINE WOOL INDEXES Each Index represents a market quotation, based on Australian dollars,for a selected range of types. The Indexes are not price expressions. Micron 03-Nov 10-Nov 17-Nov 15 1,732 1,726 1, ,669 1,655 1, ,621 1,603 1, ,599 1,580 1, ,497 1,484 1,515 SOURCE: SCHNEIDER GROUP Week 20 17/11/ N/A Week 21 24/11/16 N/A N/A N/A SOURCE: NEW ZEALAND WOOL SERVICES INTERNATIONAL 5

6 Wool Market Report - Price Directory November 28th 2016 SOUTH AFRICA CAPE WOOLS OVERALL MERINO INDICATOR SA cents/kg. clean November 22 & 23 NANJING WOOL MARKET Average greasy wool prices, ex-warehouse in yuan per tonne Product China Type Micron August 13 August 6 Change Australian T54PPPFNF (100S) ,200 81, Combed Australian Carbonized Australian New Zealand Combed New Zealand November 15 & 16 CHINA % change high 2015/16 Season T54PPFNF (90S) ,800 77, T54PFNF (80S) ,000 76, T54FNF (70S) ,000 75, T55FNF 21 77,000 73, T56FNF ,000 71, T58FNF ,500 68, T423FNF ,500 57, T424FNF ,500 51, T425FNF ,000 42, S , , S , , S ,200 96, S ,000 91, S ,500 89, S 21 89,500 86, S ,000 84, S ,000 79, S ,000 69, S ,000 59, S 21 72,000 72, S ,000 68, T " ,800 40, T " ,600 38, T " 34/36 35,300 35, S ,000 58, S ,000 50, /50S ,500 45, Uruguary 60S 24 70,000 70, S ,600 57, S ,300 52, Domestic 70S ,400 80, S 21 75,800 75, S ,100 67, S 24 62,100 62, SOURCE: NANJING WOOL MARKET 2016/17 Average to date 2015/16 Average to date 15,318 15, ,306 12,163 15,073 12,764 low % CAPE WOOLS FLEECE WOOL PRICES Spinners and good topmaking styles, AWEX types MF4 and MF5. Fibre Length measurements in millimetres. SOUTH AFRICAN MOHAIR MOHAIR AUCTION RESULT Nov 22 Kids Long (A/B) Summer Bales sold Nett Mass Av. price (rand/kg) Long (A/B) Winter 78 8, Medium (C) Summer Medium (C) Winter 64 7, ,83 Short (D) Summer Short (D) Winter 41 4, Washing (E) Summer Washing (E) Winter Seady/Stain and Locks 19 2, Summer total Winter Total ,907.1 Young Goats Long (A/B) Summer Long (A/B) Winter 36 3, Medium (C) Summer Medium (C) Winter 49 6, Short (D) Summer Short (D) Winter 61 7, Washing (E) Summer Washing (E) Winter Seady/Stain and Locks Summer total 21 2, Winter Total , Adults Long (A/B) Fine 16 1, Long (A/B) Strong Medium (C) Fine 61 7, Medium (C) Strong 35 4, Short (D) Fine 50 6, Short (D) Strong 64 8, Washing (E) Fine Washing (E) Strong 8 1, Seady/Stain and Locks 81 9, Fine total , Strong Total , SOURCE: MOHAIR SOUTH AFRICA November 22 & 23 Micron SOURCE: CAPE WOOLS. 6

7 Wool Market Report - Price Directory November 28th 2016 UNITED KINGDOM BRITISH QUOTATIONS FOR TOPS Old Quality Mic/Lgt 24-Nov 17-Nov 10-Nov 3 months ago Merino/fine crossbred Year ago 120 s , s , s , s super 21/ , s blended 21/ , s , s super 23/ , s blended 23/ s super s blended s super s blended Crossbred 56 s (Australian) s super s s /US$ rate British crossbred 31.5 English /34 English SPECIALITY FIBRES Speciality Fibres - Quotations for all the following fibres and tops are average prices in US$ per kg, FOB Chinese cashmere (dehaired) White 24 Nov 17 Nov 10 Nov 3 Nov Hosiery 38mm Weaving 32mm Brown Hosiery 38mm Weaving 32mm Mongolian cashmere (dehaired) Brown Light Grey Afghan/Iranian cashmere (dehaired) White Fawn Dark Brown Cape mohair tops Adult 37 microns Young goat 33 microns Super young goat 31 microns Kid 28 microns Kid 25 microns Alpaca tops White Baby (BL) Fine spinning (FS) Adult (AG) BRADFORD AUCTION PRICES IN P/KG N.Q. = no quote GRADE DESCRIPTION Nov 22 Nov 11 Oct 18 Oct 4 1 Fine Ewes No NQ NQ NQ 2 Fine Ewes No Medium Ewes No Medium Ewes No Mule Ewes No Mule Ewes No Cheviot Ewes No Cheviot Ewes No Fine Radnor No. 1 NQ NQ 155 NQ 10 Fine Radnor No NQ 11 Welsh No Welsh No Swaledale No Swaledale Grey Blackface Medium No Blackface No BRITISH FLEECE INDICATOR P/KG Greasy Clean SOURCE: BRITISH WOOL MARKETING BOARD Angora Super quality st quality nd quality rd quality th quality Off Camel-hair (dehaired) Super baby Medium baby Adult Yak-hair (dehaired) Super Medium Silk Mulberry sliver Mulberry noil Tussah sliver Tussah noil SOURCE: SEAL INTERNATIONAL 7

8 Wool Market Report - Price Directory November 28th 2016 AMERICAS Uruguay - unless otherwise stated, prices are in US$/kg, greasy at farmgate for the period October 27 - November 3 Breed Fineness Micron Unconditioned Lots Conditioned Lots US$ 0.02 Blue Lable Superfine Merino Finer or equal to Superfine Merino Australian Merino/ Dohne Merino/Ideal/ Crosses/Dohne Merino Crosses/ Ideal/Merilin US$ 0.07 Green Label Fine Crosses Fine Corriedale Medium Corriedale Coarse Corriedale Very Coarse Corriedale/ Romney Marsh Romney Marsh Coarser than Fine Bellies and sub-products General Bellies and sub-products Fine Lambs General Lambs SOURCE: URUGUAYAN WOOL SECRETARIAT (SUL) EXCHANGE RATES November 29, 30, December 1 November 30, December 1 November 30, December 1 November 30 December 1 December 6 US $ A $ 3 Mths ago Year ago US $ A $ NZ $ SA Rand Index NEXT SALES Melbourne (24,476 bales) Sydney (14,860 bales) Fremantle (9,267 bales) Port Elizabeth (13,024 bales) Christchurch (4,550 bales) Port Elizabeth (mohair) December 13 Bradford Argentina - unless otherwise stated, prices are in US$/kg, greasy at farmgate for the period November Fineness Combing Yield Micron 40% 45% 50% 55% 60% SOURCE: PROLANA Editor Jonathan Dyson jdyson@wtin.com Production Jay Faulkner jfaulkner@wtin.com Subscriptions Adam Ross aross@wtin.com Managing Director Mark Jarvis mjarvis@wtin.com Wool Market Report is published by World Textile Information Network Ltd. WestOne, 114 Wellington Street, Leeds, LS1 1BA, United Kingdom Tel: +44 (0) Fax: +44 (0) jdyson@wtin.com Internet: Copyright 2016 World Textile Information Network Ltd. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission of the publisher. Disclaimer: Information contained in this report is obtained from sources believed to be reliable, however no responsibility nor liability will be accepted by WTiN for commercial decisions claimed to have been based on the content of the report. 8