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Beyond the Bale : September 2019
MARKET INTELLIGENCE: FREE VIA SMS In an initiative launched in 2017, AWI is sending wool prices and market intelligence direct to about 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 *insufficient data 66 MARKET INTELLIGENCE 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 (May 2019 – July 2019) in Australian dollar terms compared with the previous five years May 2014 to April 2019 (circles) and the decade previous to that, May 2004 – April 2014 (squares). For the past three months, the monthly EMI averaged at $18.12, tracking at the 86th percentile against the previous five-year monthly EMI. This means that in the previous five years the monthly EMI has recorded a lower price than the current $18.12 (May 2019 – July 2019) for 86% of the time. While the EMI is tracking at the 86th percentile over the previous five years, it is still at the 100th percentile when compared to the decade May 2004 – April 2014. This means the current EMI of $18.12 (May 2019 – July 2019) is higher now than it was for all that decade. The finer microns have weakened somewhat during the past three months, while the mid and stronger micron wools remain more robust. For the past three months, 18 micron averaged at a monthly value of $21.93 (78th percentile for the previous five years and 100th percentile for the decade before that), 21 micron averaged at $21.02 (92nd percentile for the previous five years and 100th percentile for the decade before that), and 28 micron averaged at $11.08 (99th percentile for the previous five years and 100th percentile for the decade before that). Merino Cardings (MC) have slipped further from the record prices received in the past few years. For the past three months, Merino Cardings averaged at $9.98, operating at the 26th percentile for the previous five years but still at the 100th percentile for the decade before that. AVERAGE MONTHLY EMI COMPARISON EMI’S ROBUST PERFORMANCE HITS BUMP AVERAGE MONTHLY EMI FOR MAY 2019 – JULY 2019 COMPARED WITH PREVIOUS 5 YEARS MAY 2014 – APRIL 2019 THE DECADE MAY 2004 – APRIL 2014 EMI $18.20 17um $22.31 18um $21.93 19um $21.10 20um $20.93 21um $21.02 22um $21.93 23um $20.21 24um* 25um* 26um $14.14 28um $11.08 30um $8.90 32um $6.06 MC $9.98 0%102030405060708090100 78 84 70 73 86 97 97 95 95 99 90 92 26 99 100 100 100 100 100 100 100 100 100 100 100 100
In the Shops - September 2019