Demand Is Sluggish, Sales Are Not Hot And Dry - Wool Market In September

In September, the Federal Reserve maintained the 0-0.25% benchmark interest rate, issued an "indefinite" QE3, and the non US exchange rate rose.

But Europe and the United States continue to ferment the debt crisis, and the world is entering a period of long term fluctuation and low speed growth.

September is the annual "China International Wool Textile raw materials trading information exchange".

Experts, using wool enterprises and traders to gather in Sanya, we are faced with the same key word demand.

The sluggish demand will be the main cause of the stagnation of the wool industry in the future.

First, the shipment contract expires and the international market is strong.

1. Australian wool Market

In the early September, the annual wool week celebration in Australia was held. The supply was small, and most of the wool prices fell.

Mid September coincided with the September wool Festival, the market suddenly burst strong, the Eastern market index EMI rose 29 Australian cents, the biggest gain in 11 months, and the popularity of 19-21 micron wool.

But such sudden bounce is only a flash in the pan.

The supply of Merino fur has risen sharply.

The largest drop in the type of medium branch and the coarse branch resulted in a turnover rate of over 10%.

As of September 20th, the Eastern market index EMI closed at 946 Australian dollars / kg, the U.S. gold price closed at 983 cents / kg, the index price of the renminbi closed at 6202 cents / kg.

At the beginning of September, the US Federal Reserve launched the QE3, the Aussie dollar / dollar was supported, and it hit a new high of 1.0548 in the past six months in 14 days in September.

However, the new round of quantitative easing measures does not constitute a sustained boost to the Australian dollar.

In September 18th, the Federal Reserve issued a summary paper on the September 4th meeting, which clearly mentioned the need to pay attention and vigilance to the domestic economic situation and external, especially from China and Europe.

This means that the RBA still has loose expectations and curbed the upswing of the Australian dollar.

As of September 20th, the Australian wool market supply was 111921 packs, with a turnover of 101746 packages, with a turnover rate of 90.9%.

The top five buyers of wool are: (AO) Lepli buys 9112 bales of wool; PJ MORRIS buys 7700 wool; Tek wool company buys 7030 wool; (AO) Viterra wool company buys wool 6045 packs; Queensland Cotton Corp buys 5847 packets of wool.

2, New Zealand

In September, New Zealand traders were rushing to fulfil their previous contracts with Chinese buyers.

However, due to the limited supply of wool, 28-37.5 micron sleeves and combed side canmao are welcomed by buyers. Carpet type short hair and Benkanmaw also have strong demand and the market is rising overall.

As of September 20th, the fine count wool was only bought once at a time of 1452 new points / kg; compared with August, the medium branch wool was collected at 880 new points / kg (+0.0%); the fine crossbred wool was collected at 462 new cent / kg net wool (-5.7%), and the coarse crossbred wool was collected at 369 new cent / kg net wool (+4.2%), and there was no auction for the lamb.

In September, the New Zealand Federal Reserve announced that the benchmark interest rate would remain unchanged at 2.50%, consistent with market consensus expectations.

The outlook for future interest rates remains stable, but New Zealand still has room for interest rates, hoping to see that the economy is better than it is now.

New Zealand dollar / dollar climbed to a five month high of 0.8235, and then dropped to 0.8171.

The more we are in a difficult period of industry, the more we should encourage each other, unite and create demand, and open up a new way of development for wool.

Now, all members of the market wish all the members happy and happy New Year!

As of September 20th, the total supply of New Zealand's wool market was 34435 packs, with a turnover of 28986 packages, with a turnover rate of 84.2%.

The top five buyers of wool were: New Zealand International Wool Company bought 10300 packages; Matthew bought 54000 bales; JSB purchased 2500 packages; Forman bought 2350 packages; B&B bought 1680 packages.

3, other markets

The wool market in South Africa: the global economic downturn and the slowdown in China's economy have affected the wool market.

In mid September, the South African wool market rose like the Australian market because of the fact that it had to carry out the contract of shipment this month, but this rally did not rise as long as people expected.

At the end of the month, market demand for wool remained stable or slightly weaker, and fine branch hairs were better than crude ones, with strong demand for medium branches.

The Cape wool Merino index closed at 88.09 RAND / kg in South Africa, down 0.4% compared with the end of August.

The total supply is 24161 packages, with a turnover rate of 96.9%.

South African Mohair Market: the third auction in 2012 winter was 135521 kg, with a turnover rate of 96%.

The market index closed at 91.13 RAND / kg, up 3% over the previous auction.

The demand for young Ma Haimao and young Ma Haimao is still strong, especially for the slim model.

And adult Ma Haimao has improved slightly.

British wool Market: the British wool market was auctioned for 1997597 kilograms this month.

Intense competition in the market, 2011 wool wool sold in the annual inventory, 2012 wool annual demand increased.

It is obvious that traders and spinning mills are starting to start.

Viewpoint two: domestic market demand determines everything.

Although the global QE3 and so on a large number of good show, wool market return to the basic point, but the demand is depressed, leading to domestic sales still not warm.

Raw materials and primary processing stocks are not large enough to be pformed into inventory for the latter process, with serious excess capacity.

Affected by seasonal factors, the market is thin.

As the main body, the domestic order of wool yarn has been slightly active recently.