A Review Of Australian Wool Market Week

< p > the Australian wool market closed up. In Sydney, Melbourne and Frey Mantell auctions, the average price of wool increased by 2.7%, and the US dollar exchange rate increased by 0.1%. < /p >
< p > this week is a stronger week, though the provision is small. All Merino types and micron range wool prices have risen, of which 18.5-21.0 micron wool has the largest increase. The price of crossbred wool has also risen, but no Merino type of wool has increased greatly. This is the biggest weekly increase since the first week of February. It rose by 39 Australian cents in the first week of February. < /p >
The rise of P is the result of business news with China at the beginning of this week. However, in the recent market fluctuations, there are still uncertainties in the market. < /p >
< p > supply this week is one of the newest week of this season. The estimated amount of wool supplied in the next three weeks is less than 400 million packages, which is lower than that provided in the same period last year. This ended the 6 consecutive month of high wool supply over the same period last year. < /p >
This week, as reserve banks decided on Tuesday to cut official interest rates by 0.25 percentage points and reduce 2.75%, the dollar's exchange rate volatility, which indicates that more official interest rates will be lowered. P The 2.75% interest rate is the lowest since the reserve bank established its record in 1960. < /p >
< p > financial analysts speculate whether the reserve bank is preparing to realize the value of arable land for the Australian dollar. Most people believe that such opportunities are slim. Many central banks of big economies are ready to achieve the same result for their currencies. < /p >
When p was auctioned in South Africa, the Cape wool index fell by 3.5% compared with the previous auction. South African rand appreciated 1.5% against the US dollar and appreciated 0.7% against the euro. This is a bit of a catch up because South Africa failed to sell the auction last week, and the market dropped sharply last week. < /p >
< p > there is a good demand for woolen wool, followed by wool shearing type, and there is a good demand in the two day auction. The price of hybrid wool rose, but no Merino wool increased. This is also a good week for broken wool. < /p >
At P auctions in New Zealand, wool Service International Limited reported that the price of fine wool (35 microns) increased by 3%-8% depending on the length. < /p >
Less than P, buyers from China are once again in a dominant position, and are supported by buyers from India and Europe. European buyers are returning to the market this week. < /p >
Next week's P auction will continue in Sydney, Melbourne and Frey Mantell. At present, the number of wool registered and sold has reached 37603 packages. At present, the estimated supply of wool in the next two weeks (forty-seventh States and forty-eighth weeks) is 37850 and 37450 packs, respectively, 0.6% higher than that of three weeks in the same period last year. < /p >