The Wool Market In April Was Flat, And The Domestic And International Markets Were Depressed.
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< p > China's Manufacturing Purchasing Managers Index (PMI) in April dropped, the export order decline is a major drag, indicating that external demand is facing challenges. China's economic growth in the two quarter may still be weak. The expansion rate of US manufacturing activities in April has been the slowest in 6 months, and has become the latest evidence of the weakening of US economic growth in the beginning of the second quarter. However, the recovery is continuing; the latest statistics released by the European Union Statistics Bureau show that the core economies of Germany, led by the euro zone, have failed to shake off the threat of economic downturn, and the market has also heard more and more calls on the European Central Bank to cut interest rates. The Central Bank of New Zealand, as expected, maintains the index interest rate unchanged at 2.5%. Despite the speed of economic growth, the inflation risk is expected to be controlled.
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< p > international market oscillation < /p >
< p > Australian wool market in April, the Australian market failed to reverse the declining trend since March, and the number of auctions continued to decline for several consecutive days. The Australian index went down below 1000, so that the herdsmen were reluctant to sell, and the auction rate rose and the market confidence was frustrated.
The main reasons are the following: the weakness of the economic environment, the lack of market demand at home and abroad, the backlog of terminal products in the textile industry, and the high inventory of Chinese wool textile enterprises.
The two turning points that the market rarely appears this month is rapidly vanishing with the attitude of Epiphyllum, returning to the downward trend.
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The "P" Australian dollar and the renminbi realized direct exchange in April 10th, and welcomed the import and export trade of Australia.
From 11 days, in just two weeks, the Australian dollar against the US dollar has fallen by nearly 400 points from 1.0582, closing to the 1.02 pass and closing at 1.0301 at the end of the month.
The Australian dollar has fallen sharply and is still facing greater downward pressure.
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< p > 4 at the end of the month < a href= "http://www.91se91.com/news/index_p.asp" > Australia < /a > the Eastern market index closed at 995 Australian cents / kg, and the US gold price closed at 1020 cents / kg, down 6% and 8.6% respectively compared with the closing time last month.
In April, the supply of Australian wool market was 138465 packs, with a turnover of 113994 packages, with a turnover rate of 82.3%.
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Compared with the sharp fluctuations in the Australian market, the New Zealand market is relatively stable, and the price of wool is mainly limited by P.
4 at the end of last month's auction, China's market demand was significantly boosted and the market was recovering.
Due to the drought in New Zealand, the overall production and quality of wool have been affected. From the perspective of supply and demand, the price of wool is unlikely to fall in the short term.
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< p > April, when the New York dollar a href= "http://www.91se91.com/news/index_c.asp" > US dollar exchange rate < /a > continued upward and upward, but after rising to 0.8676, China's economic data was weak, with a return to 0.8435 at the end of the month.
The New Zealand Federal Reserve said it was optimistic about its own economy, giving the expected increase in interest rates in the future and boosting the New Zealand dollar.
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< p > April, the supply of New Zealand wool market was 34567 packs, with a turnover of 27681 packages, with a turnover rate of 80%.
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< p > the South African wool market is the first time after Easter, and the South African market is dropping along with the Australian market. Due to the sluggish demand in China, the turnover rate has dropped significantly.
After that, the market rebounded due to reduced supply, and the price of superfine wool increased significantly.
At the end of last month, wool prices remained unchanged.
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< p > April, the supply of wool was 22344 packs, with a turnover rate of 95.6%.
The Cape wool Merino index closed at 102.84 RAND / kg at the end of the month, up 3.7% over the same period last year.
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< p > < a href= "http://www.91se91.com/news/index_s.asp" > domestic market < /a > purchase and sale plain < /p >
< p > April, domestic enterprises received an even record of orders, and their orders were basically flat or even slightly lower than that of last year.
The backlog of raw material inventory of the tops and traders is yet to be digested, and the enterprises are selling their products according to their needs, and have a strong market wait-and-see sentiment.
When most people are not optimistic about the future market, the market often lurks valuable opportunities.
We all know that buying and selling at high prices is not true.
In any case, in the low level of the industry, enterprises must work hard to explore their own models, while effectively avoiding risks, and boldly go their own way to achieve their own future.
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