Overview Of International Wool Market In July

Recently, some countries and regions are in danger in the economic field.

People are beginning to worry that the world economy will not suffer the two recession. Since the outbreak of the financial crisis, the fiscal and monetary policies of governments have made the world economy recover in a relatively short period of time, and the central banks' massive release of liquidity has pushed the prices of commodities, especially yellow gold and oil, have risen all the way, which has created a real inflationary pressure worldwide and has become a real threat to the world economy. Generally speaking, high debt in developed countries, especially the potential default risk in the United States, has become the focus of the market.

At the moment, countries have seen declining consumer confidence, slowing economic growth and increasing risk. In this international economic situation, the international wool price temporarily ended and sang all the way. In July, it entered a period of adjustment.

　　 The new year is at the top.

In July, the international market entered the closed market one after another. Only a few auctions fell due to insufficient supply and low demand.

Australian gross price temporarily ends a record rise cycle. According to Nanjing wool staple From the point of view, Australia's soaring gross price ended at the end of the 3 week before the end of the day, which has been on the way since September 2010. The market has risen from 866 Australian cents per kilogram in September 23, 2010 to a peak of 1432 Australian cents per kilogram in June 24, 2011, up 65%. At such a high price, wool brokers rush to the end of the day and have to "sell boxes and boxes" and sell all the stocks of wool before they are closed. Therefore, the two week auction this month has enough supply, and the buyer's uncertainty on the future market has weakened the desire to buy.

In July, the auction index fell, east of first weeks. Market index It closed at 1359 Australian cents / kg, and closed at 1361 Australian cents / kg for second weeks, down 5% from the highest point in June. But compared with the last auction before last year's closing, it rose 485 Australian cents / kg net gross, or 55%.

Since July, due to the impact of the debt crisis on the US dollar and the turmoil of non US currencies, the Australian dollar has loosened and fluctuated between 1.0598~1.08. The price of gold in the eastern Australian wool market has risen from 733 cents per kilogram in May 27, 2010 to the highest point of 1515 cents / kg (June 24, 2011), up 107%. In July, the US gold price fell for two weeks, closing at 1447 cents / kg (July 14, 2011), down 4.5% from the highest point this year. But compared with the last auction before last year's market, it rose 674 cents / kg net gross, up 87% over the same period last year.

In July, although there was only two weeks' auction, the supply of second weeks was the largest in 6 months, nearly 60000 packages. The remarkable number of 11.4 micron wool sold for 3 years, the highest price of 2000 Australian dollars / kg. The two week wool auction was carried out in Sydney, Melbourne and Freeman market. The whole month provided 98261 packages of wool and 87967 bags, with a turnover rate of about 89.5%. The top 5 buyers of wool are: (AO) Viterra wool company buys 15209 bales of wool, Queensland Cotton Corp buys 6186 bales of wool, Fox Leigh buys 4031 bales of wool, Williams wool buys 3929 wool, and modi IAU buys 3886 bags of wool.

The New Zealand market has a strong exchange rate and a declining market. In July, New Zealand wool was auctioned for 3 times. According to the observation of the wool market in Nanjing, because the supply is relatively large, and the European market has entered the vacation stage, the transaction is not active, and the price has dropped at a high level. Among them, the middle branch wool index was closed at 972 new cent / kg net wool and fine branch crossbred wool at 617 new cent / kg net wool and coarse branch crossbred wool at 599 new cent / kg net hair, compared with the end of June, it decreased by 4.3%, 11.2% and 7.5% respectively, up 45%, 59%, 78%, compared with the same period last year, and there was no auction of fine wool and lamb.

New Zealand's good economic data and the expected spread of interest rate information, the New York dollar rally is fierce. Since July, it has surged to 0.872, setting the highest level since 1985 when all foreign exchange control was abolished. In US dollars, the index price of medium wool increased by 1% compared with last month, while that of fine crossbred wool decreased by 6% and that of coarse crossbred wool fell by 2%.

3 weeks auction, the market provides 41210 packets of wool, 23792 packets, and the turnover rate is 57.77%. The first 5 buyers of wool were: Matthew purchased 5000 packages; New Zealand International Wool Company bought 4100 packages; B&B purchased 3100 packages; JSB purchased 2200 packages; Forman purchased 2000 packages. {page_break}

　　 Other wool markets are mixed.

Uruguay wool The market was auctioned in July with a stable price. There is no auction for super fine wool. Semi fine wool variety kolli Dai Zhong Mao (28.6 mu m~29.5 m) trading price closed at 4.6 US dollars / kg, Merino fur (21.1 m~22.0 m~22.0 m) trading price closed at $8 / kg.

The wool market in the UK carried out the two auction of the new year this month. The wool Bureau of the United Kingdom supplied 2700 tons of raw wool. The market competition was fierce and prices were generally rising, with a turnover rate of 98.5%. Compared with the auction in June, fine wool increased by 4.5%; half hybrid wool increased by 4%~9%; hybrid wool increased by 6%~10%.

　 Domestic price loosening, market bearish

Australian wool prices began to slightly loose, but the current high price is still afraid of buying wool. Domestic woolen mills are in short supply, especially some of the top woolen plants are partly shut down because of insufficient raw materials. The woolen yarn factory has neither raw materials nor sufficient stock of woolen yarns. The production situation of worsted fabrics is good, and the demand for raw materials still exists. In July, the average price of Nanjing wool market index was 90.13 yuan / kg, up 0.45 yuan / kg in June, or 0.5%, up 32.86 yuan / kg, or 57.3%, compared with the same period last year.

To sum up, the rest of the market has led to a sluggish demand and the global wool market has been downgraded. As the old saying goes, supply and demand in the future remain a topic of concern.