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Beyond the Bale : June 2017
MARKET INTELLIGENCE AVERAGE MONTHLY EMI COMPARISON EXCEPTIONAL PERFORMANCE FOR FINER AND MID MICRONS EMI’S STELLAR RUN CONTINUES The chart opposite provides a snapshot of how well the AWEX monthly Eastern Market Indicator (EMI) and a range of microns have performed for the past three months (January 2017 – April 2017) in Australian dollar terms compared with the previous five years February 2012 to January 2017 (circles) and the decade previous to that, February 2002 – January 2012 (squares). For the past three months, the monthly EMI averaged at $14.84, tracking at the 100th percentile against the previous five-year monthly EMI. The percentile value (100th) indicates that the five-year monthly EMI recorded a price lower than $14.84 for the whole period. Or to put it another way, in the previous five years the monthly EMI has never recorded a price higher than the current $14.84 (January 2017 – April 2017). As well as tracking at the 100th percentile over the previous five years, the EMI is also at the 100th percentile when compared to the decade February 2002 – January 2012. This means the current EMI of $14.84 (January 2017 – April 2017) is higher now than it was for all that decade. The finer and mid microns and Merino Cardings (MC) have performed particularly well recently. For the past three months Merino Cardings averaged at $11.89, operating at the 96th percentile for the previous five years and the 100th percentile for the previous decade. For the same period, 18 micron averaged at a monthly value of $20.90 (100th percentile for both periods), 21 micron averaged at $14.59 (96th percentile and 100th percentile respectively), and 28 micron averaged at $7.18 (52nd percentile and 96th percentile respectively). MARKET INTELLIGENCE: FREE VIA SMS In an initiative launched in March this year, AWI is sending wool prices and market intelligence direct to nearly 5,000 woolgrowers’ mobile phones. The woolgrowers receive the latest movements in the EMI in a simple text message (see left image), including a link to a full price report that provides more detail about price movements (see right image). If you would like to subscribe to the free SMS service, visit www.wool.com/sms where you will be asked to input your name and the mobile phone number to receive the SMS. You can unsubscribe from the service at any time by replying to the AWI SMS message. MORE INFORMATION www.wool.com/sms AVERAGE MONTHLY EMI FOR JANUARY 2017 – APRIL 2017 COMPARED WITH PAST 5 YEARS FEBRUARY 2012 – JANUARY 2017 THE DECADE FEBRUARY 2002 – JANUARY 2012 EMI $14.84 17um $22.05 18um $20.90 19um $18.57 20um $15.78 21um $14.59 22um $13.85 23um $13.50 24um * 25um $10.93 26um $9.85 28um $ 7.18 30um $5.68 32um $4.17 MC $11.89 0%102030405060708090100 99 100 99 76 100 100 100 100 100 100 100 17 4 52 100 49 88 96 100 *Insufficent data 96 96 91 99 91 100 100 100 81 56 MARKET INTELLIGENCE