Shortage Of Wool Supplies Led To Price Rise In June.

In June, the US consumer confidence reached its highest level in 5 years. Data show that the United States seems to be accumulating momentum and the economy is beginning to shake off its weakness. P

The composite Purchasing Managers Index (PMI) in the euro area rose by 1.2 in June, the smallest since March last year, to a certain extent, suggesting that the euro zone economy may expand again in the coming months.

China is plunged into a "shortage of money" crisis, which has led to the lack of funds for small and medium-sized enterprises and the more difficult operation. "Complaining" has become more and more intense, which has intensified people's concerns about China's 7.5% target of GDP growth this year.

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< p > supply shortage < a href= "http://www.91se91.com/" > International Wool > /a > price increase < /p >

The Australian wool market is approaching the end of the year in June, and the supply of P in Australia has reached a new low for two years.

Merino woolen wool widely welcomed by the market, 6 consecutive weeks of rise, a cumulative increase of more than 100 Australian cents, it can be seen that the rough textile market is red fire.

Now the fine count hair is also slightly activated, but far less than 22 micron ~24 micron Merino, the data show that the 23 micron wool guide price (AWEX MPG) is even higher than 19.5 microns.

From the quotation of foreign businessmen, the US gold price of T56 has exceeded T55.

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In June, the Australian dollar suffered a series of heavy losses or failed to recover lost territory. P

Concerns about China's economic slowdown have weighed on the Aussie dollar. Meanwhile, the US dollar has been co sponsored by the Fed's suggestion that the QE3 scale be prepared to reduce the size of the Australian dollar.

In addition, Australia's mining industry's bottom up threat and the Fed's dovish stance are also added. The Australian dollar exchange rate has hit 0.9274, the lowest since September 2010.

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< p > June, Australia < a href= "http://www.91se91.com/news/" > wool market < /a > supply of 117588 bags, turnover of 108940 bags, turnover rate of 92.6%.

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< p > the New Zealand wool market has cancelled an auction due to wet weather in New Zealand's South Island, and has led to people's concerns about the future supply of wool, prompting a general rise in market prices in June.

Judging from the sub index price of each species, the ring rose larger than the end of May, but the price index of the Chinese branch is still lower than that of the same period last year.

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New Zealand's trade surplus was less than expected in May, and the dollar's popularity rose. However, investors' worries about the liquidity constraints of China's financial system have not been completely eliminated. In addition, the Australian dollar has led to New Zealand's demand for the New Zealand dollar. When the market risk appetite is heating up, New Zealand dollar demand has brought about a strong rise in the new yuan exchange rate.

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< p > June, the supply of New Zealand wool market was 36257 packs, with a turnover of 34568 packages, with a turnover rate of 95.3%.

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< p > the South African wool market was the last auction in South Africa in June this year. Due to the weakening of Rand's exchange rate and strong demand, the market price rose. The Cape wool Merino index closed at 110.31 RAND / kg net hair, which rose 26% compared with the start price this year, up 17% compared with the same period in the same year.

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< p > in the short term, buyers need to prepare for the next year's inventory, and the demand is relatively good.

In June, the supply of wool was 13973 packs, with a turnover rate of 99%.

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< p > inventory backlog of domestic enterprises < /p >

< p > in the first half of this year, the economy remained depressed. In the month of 1~5, China's a href= "http://www.91se91.com/news/index_c.asp" > raw wool imports < /a > the total volume was 132 thousand and 900 tons, an increase of 15% over the same period last year, but the gross export volume was 13 thousand and 700 tons, down 7.1% compared with the same period last year.

For most a href= "http://www.91se91.com/news/index_c.asp" > wool textile enterprises < /a >, this year's export orders have not improved, and the domestic market has already been saturated, and can only backlog stocks.

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Sales in P < June remained flat. Yarn enterprises reduced the proportion of wool, mainly on low count blending, and reduced self processing to substitute processing to reduce market risks.

Most people are not optimistic about the trend of the second half of the year, but how to seek opportunities in the predicament requires enterprises to adjust their position in a timely manner and open up new roads.

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