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A Weekly Review Of Australian Wool Market (As Of August 26Th)

2011/8/31 13:12:00 46

This week, Australia

wool

The market closed up. In Sydney and Melbourne auctions, the price of wool rose by 0.1%, and the Australian dollar returned 0.2% from the dollar.

This week's auction was held on Tuesday and Wednesday, clashes with wool week.

This week, the AWEX Eastern market index increased by 1 Australian cents (+0.1%), with a net profit of 1264 cents per kilogram, while the northern market index rose by 3 Australian cents (+0.2%), with a net income of 1315 cents per kilogram, while the southern market index fell 1 Australian cents (-0.1%), with a net profit of 1227 cents per kilogram and no auction in the western market.

On Tuesday,

East

The market index rose 1 Australian cents and remained unchanged on Wednesday.

The northern market index dropped 2 Australian cents on Tuesday, up 5 Australian cents on Wednesday.

The southern market index rose 3 Australian cents on Tuesday and dropped 4 Australian cents on Wednesday.

In dollar terms, the Eastern market index dropped 2 cents, the northern market index remained unchanged, and the southern market index fell by 4 cents; in the euro, the Eastern market index dropped by 1 euro cents, the northern market index rose 1 euro cents, and the southern market index fell 2 euro cents.

This week, the amount of wool offered to the auction was 37102 packs (46967 packages last week, then three areas were auctioned), and 12% did not deal, of which 12.3% in Sydney did not deal.

11.7% of Melbourne did not have a deal.

The non turnover rates of Merino hair and wool were 12.6% and 8.8% respectively.

32664 packets of wool were sold this week.

New Zealand Merino sold 845 bags of wool in Melbourne on Tuesday, and 25.2% did not.

The wool of the dress was good at the beginning of this week, especially in the south.

market

On Wednesday, it continued to develop in a similar way. AWEX reported that the closing price of fat wool increased by 30 Australian cents on Wednesday.

Hybrid wool continued for the past two weeks. The average AWEX micron price index continued to grow, except for 28 microns.

Average micron price of 28-32 microns

index

It has risen by 1.5%-3.2% since the beginning of the season.

Broken wool rose or remained unchanged, but on Tuesday in the southern market, on the contrary, the hair in the southern market rose.

The market is affected by the large quantity of wool produced by inferior types of wool.

The average Merino comb price index has dropped by 9 Australian cents, and has fallen by 10.4% since the beginning of the season.

The average micron price index of other types of wool varies as follows: 26 microns increased by 15 Australian cents (+1.8%), 28 microns decreased by 1 Australian cents (-0.1%), 30 microns increased 6 Australian cents (+1.0%), 32 microns increased by 5 Australian cents (+0.9%), and the average Merino combed price index dropped by 9 points (-1.2%).

Since the beginning of the season, 26 microns have dropped by 34 Australian cents (-3.9%), and 28 microns have risen by 10 Australian cents (+1.5%), 30 microns have risen 18 Australian cents (+2.9%), 32 microns have risen 18 euros (+3.2%), and the average Merino combed price index has decreased by 84 points (-10.4%).

Compared with the same week last year, 26 microns increased by 217 Australian cents (+35.2%), 28 microns increased by 231 Australian cents (+50.3%), 30 microns increased 230 Australian cents (+56.9%), 32 microns increased by 224 Australian cents (+62.4%), and the average Merino combed price index increased by 127 points (+21.3%).

Buyers from China are once again in a dominant position and are supported by buyers from India, Europe, Korea and Taiwan.

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