International Wool Market

Introduction: after five consecutive weeks of downturn, Australian wool market began to show signs of recovery last week The South African market has also reversed the decline However, the New Zealand market is still a depression At the auctions held in Sydney, Melbourne and Fremantle auction centers in Australia, although European merchants continued to hold a wait-and-see attitude, Asian merchants such as China first broke the silence and purchased a large number of medium fine and medium coarse wool based on the domestic demand for raw materials, making the market revitalized In Australian dollars, the market index rose 4 Australian cents, or 0.6%, from the previous week, closing at 698 Australian cents per kilogram of net gross In dollar terms, the index did not fluctuate, closing at 355 cents per kilogram of net gross Except for the decrease of 0.4% to 1.8% in wool price of 19 degree and 30 degree to 32 degree, the price of Australian wool of all other varieties increased, with the increase between 0.3% and 2.9%, among which the highest price of 24 degree and 25 degree medium fine wool reached 336 cents and 335 cents per kilogram of net wool respectively 19 degree, 25 degree to 28 degree and 32 degree wool are only listed due to insufficient supply Last week, Australia originally planned to list 82984 bales of wool, but actually listed 68294 bales, with a turnover of 86.8% The main buyers were local businesses, Japan and China Last week, the Australian dollar rose 0.5% against the US dollar compared with the previous week, with no impact on the market Last week, Australia's ultra-fine wool market index remained at 741 cents per kilogram of net wool However, the price of a batch of 16 degree, 79mm long, 1.1% plant content and 72% hair yield superfine net wool reached 21.27 US dollars per kilogram Next week's Australian auctions will be held in Sydney, Melbourne and Fremantle, with an estimated 80000 bales of wool on the market The situation in the New Zealand market is terrible At last week's auctions in Christchurch and Napier, in dollar terms, 18 to 24 degrees fell 1.1%, 25 to 31 degrees fell 9.5%, and 32 to 41 degrees fell 4.6% The supply of lamb wool is insufficient again and does not constitute a price index Last week, the total supply of wool in New Zealand was 15824 bales, equivalent to 1863 tons of net wool, with a turnover of 72.1% The next wool auction in New Zealand is scheduled to take place in Christchurch on November 1, with a supply of about 14500 bales The price of wool in the South African market began to rise slowly, which was mainly due to the increase of demand for blended wool by exporters In local currency Rand, the market index rose 53 points last week, closing at 2365 points, or 2.3%, per kilogram of net gross In dollar terms, the index rose 1 cent, closing at 250 cents per kilogram of net gross, up 0.4% Last week's supply was 7939 packages, of which 95.9% were sold The next auction in South Africa is scheduled to take place in Port Elizabeth on October 31, with a supply of 7000 bales of wool Last week, under the influence of the international market, the price of merino wool in the Argentine market continued to be weak, but the trade price of coredale wool was very high because of the active purchase of local wool manufacturers The volume of wool trade in Uruguay market is small, and the price is low Only a few businessmen show some interest in spot wool in order to cope with short-term foreign orders The sale price of cordalay's dirty wool dropped to $1.30-1.35 per kilogram, and that of ordinary miscellaneous wool to $0.30-0.40 per kilogram Merino and idayer's wool were not available at all Price list of Australian and New Zealand wool (October 25, 2001) $per kilogram of dirty wool for fine wool varieties 18 ultra fine Merino 3.47l 19 Merino 2.83l 2.62l 20 Merino 2.22l 21 mesomerino 2.16 up 2.15 up 22 mesomerino 2.16 up 23 idayer 2.19 up 2.07 down 24 Merrill 2.23 up 25 crude Merrill Lynch 2.23 up 2.06 down 26 coredale fine hair 2.13 Ping 27 coredale 2.07 up 1.94 down 28 coredale 2.01 up 29 coredale 1.93 down 1.86 down 30 sections of radalay coarse wool 1.86 down 31 sections of radalay coarse wool 1.71 down 32 long Nei 1.78 Ping Argentine wool price list Unit: USD / kg dirty wool price wool variety fineness hair rate price coredale 29-30 67-69% 105-1.25 Merino 19.759.5% 1.709 Merino 20.7 66.6% 1.932 Merino 23.4 73.9% 1.965 coredale 27.9 66.1% 1.478 coredale 27.5 65% 1.35 Uruguay wool price list (October 19 to October 25) USD price per kilogram of dirty wool for wool varieties medium and fine Merino no no goods, Idial no goods, Meilin 1 55 coredale 1.30-1.35 down 0.30-0.40 down