A Weekly Review Of Australian Wool Market (As Of February 10Th)
This week, the AWEX regional market index closed up. The average price of wool rose by 4.4% in Sydney, Melbourne and Frey Mantell auctions.
The exchange rate of the Australian dollar and the US dollar has appreciated by 0.8% again.
Tuesday in the southern market, the market began to stabilize, then the south.
market
The index rose by 6 Australian cents, which is based on a strong rise in the price of 16.5 micron finer wool, and 18.5 micron and coarser Merino wool.
Then there was a stronger demand. On Wednesday and Thursday, almost all Merino types and micron wool prices rose, and the Eastern market index increased 4.2% this week, reaching its highest level since mid September.
The average AWEX micron price index of merino wool increased by 4.0-5.8%.
The hybrid type of wool has a smaller increase.
The wool market in South Africa also showed moderate growth, Cape wool.
index
Up 0.5%, the exchange rate between South Africa and the US dollar is strong again.
This week, the number of wool provided for auction reached 42907 packs (last week's offer was 37382 packages), and 6.4% did not deal, of which 5% did not close in Sydney, and 6.6% did not close in Melbourne, and 8% did not happen in Frey Mantell.
The non turnover rates of Merino hair and wool were 4.4% and 6.7% respectively.
This week, the number of wool reached 40163 packs.
The wool supply so far this year is 41998 less than that of last weekend's offer (-3.5%).
At present, estimates of wool supply in the next three weeks imply that the difference will gradually retrogress in the short term.
This week
market
It is not surprising that prosperity has led to the re entry of wool into the market.
20-23 micron wool recovered the first season loss, while the 23-24 micron wool is now higher than the season.
All 20-24 micron wool is higher than the same period last year.
Among them, 16.5 micron wool rose by 47 +2.5% (Australia), 17 microns increased by 6 Australian cents (+0.4%), 6 microns (-0.4%) of 17.5 microns, 18 micrometers increased by 79 points (+5.2%), 76 microns (+5.3%), 18.5 microns increased by the mean of Australia (+4.9%), the micron rose to the point of Australia (+4.5%), the rise of the micron rose to the point of (Australia), the rise of the micron rose to the point of (Australia), the rise of the micron rose to the point of "Australia" (+5.0%), the rise of the micron rose to the point of "Australia" (+5.6%), and the rise of the "micron" to the "Hong Kong and Macau" (+4.3%).
The wool fabric looks good but lagged behind the wool type.
The hybrid wool also performs well, but basically lags behind the wool of the wool.
There is a mixture of broken wool, but there is no good shearing.
Average
AWEX Merino combed price index rose by 3 Australian cents.
The average AWEX price index for other types of wool is as follows: 25 microns increased by 89 Australian cents (+9.9%), 26 microns increased by 18 Australian cents (+2.3%), 28 microns increased by 21 Australian cents (+3.5%), 30 microns increased by 29 Australian cents (+5.5%), 32 microns increased by 14 Australian cents (+2.9%).
The average Merino comb price index rose by 3 Australian cents (+0.4%).
At the auctions in South Africa, the Cape wool index increased by 0.5%, the South African rand appreciated by 3.2% against the US dollar, appreciated 1.8% against the euro, and reached 9450 packets of wool.
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