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Talk In A Few Words: Jiang Yuanming, Chairman Of Changzhou Lai Lai Trading Co., Ltd.

2010/12/13 14:26:00 64

Nanjing Wool Market Rises Double Function

In the late autumn, the cold wind of the Qilu land was very familiar, but in November 4th, Caoxian, which was located in the southwest of Shandong Province, was a thriving and prosperous scene.

Thank the Nanjing wool market for giving members an opportunity to express their views and speak together with the market. I have the honour to speak as a participant.

Should now

Nanjing wool Market

Some personal views are arranged as follows:

The most popular word in the past two months is "

rise

In the context of the Federal Reserve's super loose quantitative monetary policy, the global resource commodities have soared, and the price of cotton related futures related to textiles has been on the rise for a long time, hitting the highest level since the nineteenth Century American Civil War.

Affected by this, the wool that is closely related to us is not "spared", rising simultaneously at the Australian dollar and Australian dollar price index.

Dual function

Below, compared with the lows in May, the average dollar price of Australian wool rose by nearly 40%.

Other areas such as New Zealand, Europe, the Americas, South Africa and other producing areas of wool have "women will not let their brows" trend, have followed suit.

However, there is a well-known saying in the capital market that "a sharp rise must have a sharp drop". It can also be applied to the wool market. Since November 3rd, the Aussie dollar has peaked and the market price has dropped 6.3% in three weeks, while the auction price index in the nineteenth, twentieth week of the Australian auction market has fallen by nearly 5%. The risk is obvious. Fortunately, the exchange rate and auction market have been steadily rising in recent weeks under the influence of the external environment, which has injected a strong dose to the precarious market.

But in a trance, it seems that hesitation and hesitation are accumulating.

Because of the considerable interaction with semi worsted and woolen enterprises, the two sub sectors are relatively well informed.

According to the rule, the current export is in the beginning of the beginning of the period, mainly in the first half of next year to do development and promotion, for the factory is a weak season.

Domestic sales are in the supplementary stage, but this year's quantity is not very satisfactory. The demand is not high and the price of raw materials is generally too high, which makes the spinning factory have no confidence in making up the order.

From the end of October to the beginning of November, when all kinds of raw materials were advancing vigorously, the export seemed to see the bright light: many foreign and foreign trade companies were rushing to sign the order for spinning mills. The main reason was that they were afraid and hoped to lock prices earlier.

But when the Irish debt crisis and the Korean and Korean artillery incident followed, the already opened window of light was shut down instantly.

Some even signed the contract and paid the deposit, which was delayed by "innocence" and "barbarism".

Everyone seems to have understood the principle of "rising and falling".

But the cost of "introspection" is that the original planning factory itself has not worked. Before it was mainly made of wool and cotton velvet, it had no choice but to make full nitrile yarn.

But the general view is that the quantity will not be reduced next year, but the next time may be postponed to one or two months. This is a test for the raw material factory. Once the order is placed, the delivery period is bound to be very tight, and the raw materials need to be purchased with the purchase.

Blending should still be the main keynote and cotton will play the leading role.

The demand for spun silk and cashmere should be vigorous, especially for cashmere, which is suitable for consumer demand under the mode of "store supply and tailor-made".

Facing the ups and downs of the market, while we are in a fog, it is particularly important to stabilize our business and avoid risks in light of our actual situation.

Personally, it is considered that, as far as possible, we should not gamble on the market and exchange rate, and balance the purchase of wool. If the price of buying wool is lower than the market average price in a certain period of time, it has been counted as victory; more planned orders are made so that raw material prices can be locked, even though the profits may be small, but at least they can be sheltered.

Because wool is not just wool, but an important but sometimes less important part of the global economic chain.