Wool Market In 2011: Mixed &Nbsp, Volatility

2011 Global

In the first half of 2011, the world economy recovered, China's economy continued to grow, the commodity prices in the international market were high, and the price of wool continued to rise. The prices of wool in various countries reached the highest level in history.

After entering the July, the European debt crisis broke out, the global economic situation was plunged rapidly, the economic data continued to decline, the financial market was turbulent, the stock market continued to decline, and the world economy was slowing down.

Amid the shadow of the economic downturn, the international wool market has seen a strong wait-and-see mood and wool prices have begun to fall.

By the end of the year, prices of many wool varieties have returned to the price at the beginning of the year, and the wool market is full of confusion and panic.

Australian market

Startling

2011 at the beginning of the new year, the world economy recovered and many buyers entered the auction market. Many factories had limited stock and the demand for Australian wool increased in the international market.

But at that time, a large area of floods occurred in Australia, and the output of wool was reduced.

In January, after the Australian market was filmed, the price of Australian wool rose straight, breaking through the highest price in nearly 20 years.

In January 11th, the eastern Australian wool auction market opened in Melbourne at a price of 1046 cents per kilogram, up 163 Australian cents / kg from the previous year's opening price.

Before the market closed in July, it reached a record high of 1436 Australian cents per kilogram.

After the opening of the new wool year (2011/2012 wool year), the US credit crisis happened just now. Under the influence of panic, the Australian market in the second half of the year is "startling".

The Australian dollar exchange rate has been strong since its breakthrough of 1: 1 in March and reached the highest 1.0773 in July, the highest record since Australia adopted the floating exchange rate system in 1983.

Because of the strong trend of Australian dollar, the settlement price of wool dollar has been higher than the Australian dollar settlement price from March to September.

After a year of market changes, the price of wool less than 19.5 is lower than the opening price, while the fineness of wool outside 19.5 is the closing price is much higher than the opening price.

This indicates that the demand for European super fine wool is shrinking, while the demand for fine and medium wool is strong.

The 1~12 auction market in Australia provided 1 million 710 thousand bales of wool and sold 1 million 520 thousand bags, with a turnover rate of 88.6%.

Among them, Viterra wool company bought 216 thousand packages, Tektronix wool bought 138 thousand packages, Queensland Cotton Corp bought 109 thousand packages, Fox Leigh bought 92 thousand packages, and the purchase of 56 thousand bags.

New Zealand market

Strong rally

Although the Christchurch earthquake was cancelled in March 2011, the auction of the market was cancelled, but the wool market in New Zealand was largely not affected.

Owing to insufficient supply, the price of wool has been rising since January 2011. The price of fine crossbred wool and coarse crossbred wool rose to the highest point of the year until the end of March, and the price of Chinese branches continued to rise to the highest level in late May.

The gross yield of coarse crossbred wool was strongest in 2011, and the annual average price increased by 68% over the previous year.

The annual average price of fine crossbred wool has increased by 55%, and the price of Chinese branch hairs has increased by 31%.

Last year, the strong exchange rate of the New Zealand dollar hit a record high of 0.872 in July last year, when China abolished all foreign exchange controls in 1985.

After August, under the influence of European debt crisis, market risk aversion was warming, commodity prices were low, risk currencies were low, and the new yuan exchange rate gradually weakened.

At the end of the year, the New Zealand dollar went against the US dollar.

In 2011, the new Mao auction volume was 460 thousand packages, with a turnover of 386 thousand packages, with a turnover rate of 83%.

Among them, the New Zealand International Wool Company purchased 89 thousand bales, Matthew purchased 86 thousand packages, JSB purchased 52 thousand packages, Forman purchased 45 thousand packages, and B&B purchased 28 thousand packages.

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Other countries market

Trade flourishing

Last year, the South African wool market was actively involved in the Nanjing wool market. The Rift Valley fever problem in South Africa was successfully resolved and South African wool entered the Chinese market again.

Because of strong market demand, South African wool has been in the hottest year in ten years.

In that year, the South African wool market index opened at 70.54 RAND / kg, rising to a peak of 104 RAND / kg in November 2nd and closing at 98.15 RAND / kg.

The average annual index is 90 RAND / kg, which is 47% higher than that in 2010.

A total of 273 thousand bales of wool were auctioned for sale in the whole year, with a turnover of 255 thousand bags and a turnover rate of 93.3%.

Uruguay wool market has maintained a steady growth in the first half of this year due to the small supply. Uruguay's stock market continued to weaken in the second half of the year, and the overall price changed little.

The early trading price of Koli Dai's 26.7~28.5 (m) was 4.1 US dollars ~4.3 US dollars / kg, at the end of the year, it closed at US $4.1 ~4.2 US dollars / kg.

British wool market 2011 shearing season 50% cut sales situation is better.

The wool movement in Britain has pulled the market demand and raised the price of wool.

But many things have two sides. The growth of wool price also means that some manufacturers reduce the amount of wool and turn to increase the amount of synthetic fiber.

The total market index of South African Mohair market in January was 104.18 RAND / kg.

It closed at 109.83 RAND / kg in April, the highest price in the whole year.

In November, the average market index closed at 90.63 RAND / kg.

Domestic market

First rise and then fall.

2011 was the year when the national "12th Five-Year" plan was opened. In the first half of the year, the wool textile industry continued the boom of production and sales in 2010, and the demand for wool market was good. In the wake of the surge of Australian wool, domestic enterprises bought a lot of raw materials and the prices of sheep and goats rose rapidly.

In the second half of the year, all commodities in the world are in turmoil and wool is no exception as a result of the severe volatility of the European debt crisis.

The domestic sales market seems calm but has been surging.

The price of wool with fineness greater than T55 has been affected by the increase in demand for domestic professional clothing.

At the beginning of January, the Nanjing wool market quotation index opened at 69.38 yuan / kg and went all the way to the highest level of 90.50 yuan / kg in the beginning of July. After that, the price of wool continued to decline until the end of the year closing at 80.20 yuan / kg.

According to statistics, China imported 272 thousand tons of wool in 1~11 last year.

2011 Nanjing wool market sub index table: yuan / kg

On the whole, deflation will become the main theme of 2012.

China's recent cut in reserve requirements is probably a sign of concern about the slowdown.

The crisis in Europe will be the main reason for the slowdown.

This year the renminbi will have an appreciation of about 2.5%.

From this perspective, we can generally look forward to the 2012 world trade growth rate will further decline, the global wool market recovery is slow, the total