Americas. Australia. United Kingdom. New Zealand. Market Report March 13th

Transcription

1 W T Wool in Market Report March 13th 2017 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 March 13th 2017 AUSTRALIA Demand pushes market to new heights to just above 75 US cents. The shift was driven by a strengthening of the US dollar caused by the news that the US Federal Reserve is set to raise interest rates next week. However, the Australian dollar remains higher against the US dollar than it was at the end of December. Sales were held this week in Melbourne only on Tuesday March 7, and at all three selling centres on Wednesday March 8 and Thursday March 9. On Tuesday the EMI was up 7 cents to 1,507 n cents, but in US dollar terms was down 2 cents to 1,146 US cents. On Wednesday the EMI climbed by 8 cents to 1,515 cents, and in US dollar terms lifted by 5 cents to 1,151 US cents. On Thursday the EMI was up 7 cents to 1,522 cents but in US dollar terms dropped back by 6 cents to 1,145 US cents. After rises across all wool types last week, it was the Merino wool fleeces at the finer end that drove the market this week. Generally speaking, the finer the micron, the bigger the rise microns rose by 3.7%, 17 microns lifted 2.8%, 17.5 microns climbed 2.9%, and microns were up 2%. The average Micron Price Guides (MPG)s for Merino wools between 18.5 and 20 microns all reached their highest levels under the current selling system. However, there were falls of 0.3% for 21 microns and 0.6% for 22 microns. The Australian wool market continued to move into uncharted territory this week despite a higher national offering. The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) lifted by 22 cents (1.5%) for the week to close on 1,522 cents per kilo clean on Thursday March 9. In US dollar terms, the market fell marginally, losing 3 cents (0.3%) to close on 1,145 US cents. The increase in prices for superfine wool and the decline in the broader types saw the difference between the average MPG for 16.5 and 22 microns reach 808 cents in the North and 817 cents in the South. Crossbreds continued their recent resurgence, with a fourth successive week of increases. The rises ranged between 1.7% and 4.8%, with the coarsest types seeing the biggest lifts. The EMI and all three regional indicators reached new all-time highs. The AWEX Merino Cardings Index was up 19 cents (1.7%) to 1,235 cents another new all-time high. The market was assisted somewhat by a decline in the Australian dollar against the US dollar, as it fell by 1.3% Skirtings also followed the fleece wools upwards, and oddments performed strongly overall. 2

3 Wool Market Report March 13th 2017 This week s offering was 45,999 bales, significantly higher than last week s 40,626 bales. The clearance rate this week was 94%, down from 97% last week. China was the dominant presence in the auction room, with competition from Europe and India. Analysts said that the market continues to be driven by strong demand throughout the pipeline, together with an anticipated shortage of supply. In addition, some Chinese buyers who had held off making purchases over recent weeks, in the anticipation that the market would fall back, were more active this week, helping push the market up further. Looking ahead, observers said that few in the trade are expecting the increase in the EMI to stop soon, with demand remaining high. Next week s offering is forecast to be 43,731 bales, with 42,400 bales the following week and 41,116 bales the week after that. NEW ZEALAND All types up with 88% clearance A weakening New Zealand dollar and steady off-shore buying interest saw all wool types improve for the South Island offering of 5,300 bales, with 88% selling. SOUTH AFRICA Market 0.5% lower The weighted indicator for the main trading currency came down 3.08% compared to the last sale on March 3. Compared to the last time sold on March 3, fine crossbred full fleece was 4-6% dearer with early shorn and second shears 10-12% stronger. Good colour coarse crossbred full fleece was 5% stronger with poorer styles improving by 10-12%. Longer shears were 3-7% dearer and shorter shears increased by 5%. Combing oddments were 3-9% firmer with clothing oddments increasing by 7-12%. There was strong competition with China principal, supported by Western Europe, Australasia, the Middle East and India. Source: Wool Services International The wool market was unchanged at this week s auction and the Cape Wools Merino Indicator decreased slightly by 0.5% and by 84 points to close at a value of R (Clean). The Cape Wools All Wool Indicator lost 0.9%. The wool market maintained its good performance to end unchanged. The finer wool is still in high demand and good prices were achieved. In the mid micron groups demand was muted and prices fluctuated more readily. There was good competition between buyers mainly as a result of the smaller offering. Modiano impressed by again purchasing substantially more wool compared to its closest rival for the second week running. 3

4 Wool Market Report March 13th 2017 some excellent individual clips. Despite pressure from a consistently stronger currency, the market held up well, with the average market indicator closing marginally down by 1% on R All buying houses participated actively in the sale, with both kids and young goats remaining stable, although comparison with the previous sale was not possible due to there being no summer market indicator on the first sale. This week saw the Rand at R12.99 to the US Dollar. The Rand was 0.6% stronger against the US Dollar compared with the average rate at the previous sale. The Rand was 2% weaker against the Euro, trading at R The strong adult market closed 1% higher, even under difficult trading conditions and taking into account the stronger rand. A highest price of R per kg was paid for a bale of super style 26 micron kid hair. The offering comprised 8,210 bales of which 98.1% was sold. Major traders were Modiano (2,643 bales), Lempriere SA (1,903), Standard Wool SA (1,772) and Stucken & Co (1,009). 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 R201.04/kg; 18.5 microns decreased 0.3% to close at R197.09/ kg; 19 microns gained 0.6% to close at R184.79/ kg; 19.5 microns decreased 1.8% to close at R170.00/kg; 20 microns decreased 0.9% to close at R156.80/kg; 20.5 microns moved down 1.2% to close at R147.79/kg; 21 microns weakened 0.2% to close at R145.83/kg; 21.5 microns decreased 0.1% to close at R143.27/kg; 22 microns lost 1% to close at R141.50/kg; and 22.5 microns increased 0.1% to close at R143.03/kg. Source: Cape Wools Mohair Market holds up despite stronger Rand The second sale of the 2017 summer season took place on March 7, with 141,012 kg on offer. The offering consisted of good quality mohair with Compared to the previous sale, prices were as follows: Kids (summer) not quoted; Young Goats (summer) not quoted; Fine Adults down 1%; Strong Adults up 1%; Average down 1%. Source: Mohair SA UNITED KINGDOM Prices increase amid strong competition The fourteenth sale of the 2016/17 season was held on March 7 and offered 2,281,263 kg. A large offering comprising a wider selection of grades produced strong competition, resulting in prices increasing. There was a 98% clearance. Compared to the last time sold: Fine types: 7-15% dearer. Medium types: 6-12% dearer. Mule types: Hogs 5-11% dearer. Ewes & Cotts: % dearer. Cheviot types: 3-6% dearer. Radnor types: Fully firm. Welsh types: 4-7% dearer. Swaledale types: 6-9% dearer. Blackface types: 24% dearer. Source: British Wool Marketing Board 4

5 Wool Market Report March 13th 2017 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. Analytics Digital Textiles Make Informed Business Decisions Source: USDA-AMS, Greeley, CO Delivers the industry insight, market information, and connections you need to evaluate and respond to the market trends. Expert presentations Access hours of HD quality video presen tations from KOLs across the market, recorded at WTiN s Digital Textile Conferences. Insight Look behind the headlines at the strategies shaping the industry s development. Market tracker Access to the most accurate assessment of the size & trends of the digital textile printing market globally for more information, visit wtin.com Copyright World Textile Information Network Ltd All rights reserved. WTiN and World Textile Information Network are registered trademarks. 5

6 Wool Market Report - Price Directory March 13th 2017 AUSTRALIA AWEX REGIONAL INDICATORS Australian cents/kg, clean, Schlumberger dry. Season 2015/16 Season 2016/17 Region Mar 2 Mar 7 Mar 8 Mar 9 Opening High Low Opening High Low Year ago Northern Sydney 1,582-1,593 1,605 Northern 1,259 1,323 1,240 1,341 1,605 1,316 1,250 Southern Melbourne 1,448 1,459 1,465 1,469 Southern 1,225 1,292 1,210 1,308 1,469 1,263 1,206 Western Fremantle 1,547-1,555 1,556 Western 1,273 1,355 1,254 1,423 1,556 1,348 1,276 Eastern Market Indicator (EMI) 1,500 1,507 1,515 1,522 Eastern 1,238 1,304 1,222 1,320 1,522 1,287 1,223 AWEX REGIONAL MICRON PRICE GUIDES Australian cents/kg, clean, Schlumberger dry. Northern Region - (Sydney) Southern Region - (Melbourne) Western Region - (Fremantle) Micron Mar 2 Mar 7 Mar 8 Mar 9 Micron Mar 2 Mar 7 Mar 8 Mar 9 Micron Mar 2 Mar 7 Mar 8 Mar ,190-2,235 2, ,155n 2,182n 2,233n 2,242n ,182-2,219 2, ,133n 2,156n 2,185n 2,202n ,158-2,194 2, ,115 2,140 2,175 2, ,101-2,117 2, ,082 2,097 2,121 2, ,026n - 2,053n 2,083n ,997-2,012 2, ,982 2,004 2,009 2, ,961n - 1,979n 2,012n 19 1,880-1,899 1, ,875 1,894 1,894 1, ,854-1,884 1, ,738-1,759 1, ,735 1,751 1,738 1, ,739-1,766 1, ,617-1,628 1, ,608 1,620 1,615 1, ,609-1,626 1, ,508-1,494 1, ,504 1,510 1,503 1, ,493-1,504 1, ,443n - 1,431n 1,439n 22 1,438n 1,448n 1,435n 1,425n 22 1,432n - 1,431n 1,426n ,428n - 1,428n ,077n - 1,108n 1,108n 25 1,080n 1,085n 1,112n 1,110n ,004 1, n 965n n n n 415n 436n 435n MC 1,202n - 1,214n 1,231n MC 1,215n 1,218 1,222 1,222n MC 1,230n - 1,232n 1,251n 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 28 12/01/17 N/A N/A Week 29 19/01/17 N/A N/A Week 30 26/01/17 N/A N/A Week 31 02/02/17 N/A N/A Week 32 09/02/17 N/A N/A Week 33 16/02/17 N/A N/A Week 34 23/02/17 N/A 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 23-Feb 02-Mar 09-Mar 15 2,217 2,264 2, ,129 2,183 2, ,062 2,135 2, ,943 1,997 2, ,739 1,757 1,789 SOURCE: SCHNEIDER GROUP Week 35 02/03/17 N/A N/A Week 36 09/03/17 N/A N/A SOURCE: NEW ZEALAND WOOL SERVICES INTERNATIONAL 6

7 Wool Market Report - Price Directory March 13th 2017 SOUTH AFRICA CAPE WOOLS OVERALL MERINO INDICATOR SA cents/kg. clean March 8 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 February 28 & March 1 CHINA % change high 2016/17 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 16,172 16, ,306 12,163 15,374 13,871 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 Mar 7 Kids Bales sold Nett Mass Av. price (rand/kg) Long (A/B) Summer 21 2, Long (A/B) Winter Medium (C) Summer 38 4, Medium (C) Winter Short (D) Summer 31 3, Short (D) Winter Washing (E) Summer 9 1, Washing (E) Winter Seady/Stain and Locks 15 1, Summer total 99 12, Winter Total Young Goats Long (A/B) Summer , Long (A/B) Winter Medium (C) Summer , Medium (C) Winter Short (D) Summer 46 6, Short (D) Winter Washing (E) Summer Washing (E) Winter Seady/Stain and Locks 23 3, Summer total , Winter Total Adults Long (A/B) Fine 79 10, Long (A/B) Strong 27 3, Medium (C) Fine , Medium (C) Strong 44 6, Short (D) Fine 66 9, Short (D) Strong 16 2, Washing (E) Fine 10 1, Washing (E) Strong Seady/Stain and Locks 69 9, Fine total , Strong Total 87 12, SOURCE: MOHAIR SOUTH AFRICA March 8 Micron SOURCE: CAPE WOOLS. 7

8 Wool Market Report - Price Directory March 13th 2017 UNITED KINGDOM BRITISH QUOTATIONS FOR TOPS GB PENCE/KG Old Quality Mic/Lgt 9-Mar 2-Mar 23-Feb 3 months ago Merino/fine crossbred Year ago 120 s ,335 1, s ,300 1, 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 9-Mar 2-Mar 23-Feb 16-Feb 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 GB PENCE/KG N.Q. = NO QUOTE GRADE DESCRIPTION Mar 7 Feb 14 Jan 24 Jan 10 1 Fine Ewes No. 1 NQ Fine Ewes No Medium Ewes No Medium Ewes No Mule Ewes No Mule Ewes No Cheviot Ewes No. 1 NQ Cheviot Ewes No Fine Radnor No. 1 NQ NQ NQ Fine Radnor No NQ Welsh No NQ 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 8

9 Wool Market Report - Price Directory March 13th 2017 AMERICAS Uruguay - unless otherwise stated, prices are in US$/kg, greasy at farmgate for the period February Breed Fineness Micron Unconditioned Lots Conditioned Lots US$ 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 March 15, 16 March 15, 16 March 15, 16 March 15 March 16 March 16 US $ A $ 3 Mths ago Year ago US $ A $ NZ $ SA Rand Index NEXT SALES Sydney (10,279 bales) Melbourne (22,661 bales) Fremantle (10,791 bales) Port Elizabeth (8,013 bales) Napier (11,900 bales) Christchurch (6,600 bales) Argentina - unless otherwise stated, prices are in US$/kg, greasy at farmgate for the period February 23 - March 2 Fineness Combing Yield Micron 40% 45% 50% 55% 60% SOURCE: PROLANA March 28 March 28 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) Port Elizabeth (mohair) Bradford jdyson@wtin.com Internet: Copyright 2017 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. 9