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Wool Sale Meets Holiday Syndrome

2012/2/14 15:15:00 20

The world is celebrating the 2012 Spring Festival.

Economics

The financial situation has gone through a lot of changes, and has laid the groundwork for holiday syndrome in many industries.

First, the FED held its first interest conference this year, saying it would maintain ultra-low interest rates until the end of 2014.

Subsequently, Fitch Rating firm announced that it lowered the sovereign credit rating of 5 euro zone countries such as Italy and Spain.

Meanwhile, the world monetary fund (IMF) also lowered the global economic growth forecast in 2012 and 2013 by 0.7 and 0.6 percentage points respectively, following the world bank's sharp reduction in global economic expectations.

At this time, beautiful nature

fibre

wool

Also experienced the embarrassment of not selling well.

Domestic wool market price loosening callback

In January 2012, the world's major wool producing countries resumed auctions. With the forecast of global economic growth becoming conservative, and with the advent of the Spring Festival holiday, the auction market was extraordinarily calm and the gross price was generally callback.

The Australian market has entered a moderated period.

After Christmas, the Australian market started shooting, and the price was unexpectedly high.

And then a lot of wool poured in.

market

The trend of falling wool prices is becoming more and more obvious. With the long holidays in China, the market has obviously become quiet, and the price of wool has basically dropped back to the level before Christmas.

According to observation, the last auction at the end of the month, most of the supply of Chinese wool has been occupied. The strong demand of fine wool has driven the rebound of wool Australian dollar. The eastern Australian market index closed at 1194 Australian dollars / kg (Jing Mao), and the US dollar price closed at 1256 cents / kg (Jing Mao), compared with the last auction before the rest of the market, the wool dollar price rose 6.4%.

Recently, Greece's debt talks have made good progress, raising investor expectations for the final agreement.

Market sentiment improved. European stock markets rose. Gold and crude oil prices also drove commodity prices higher. The Aussie dollar rebounded strongly against the US dollar, and the Australian dollar closed against the US dollar at 1.0700.

New wool market continued to fall.

After the strong impact of the new yuan exchange rate, the market after Christmas fell overall.

The market in India is also unusually calm, and sales of zero zero hair have been hit.

But prices for wool and good quality wool continue to be strong in the Chinese market.

According to observation, the price of Chinese branch wool was closed at 9.20 NZD / kg (Jing Mao), and the fine count hybrid wool fell continuously, at 5.66 New Zealand yuan / kg (Jing Mao), and the coarse crossbred wool was collected at 5.15 New Zealand yuan / kg (Jing Mao).

For the first time since August 2011, short lamb has been shot but not popular. The three auction ended at 5.33 New Zealand yuan / kg (Jing Mao), down 6.9% compared with August 4, 2011 auctions.

In January, dollar sentiment weakened, Greece was expected to reach a debt agreement, commodity prices rose, spreads between New Zealand dollar and the US dollar, the New Zealand dollar increased against the weakness of the New Zealand dollar, and the New Zealand dollar strengthened against the dollar.

In dollar terms, compared with the last auction in 2011, the price of Chinese medium wool rose by 5.8%, the price of fine crossbred wool increased by 0.2%, and the price of coarse crossbred wool fell by 3.2%.

British wool prices have gone up or down.

There were two auctions this month, with a supply of 3839031 kg, with a turnover rate of 49.9%.

The first auction in 2012 proved to be effective and effective in stabilizing the wool movement in Britain.

Some of the varieties declined slightly.

The supply of the second auction increased, and the market price stabilized.

The British wool price index closed at 171 pence / kg (Jing Mao), and the British wool auction averaged 162.47 pence / kilogram in 2011 (Jing Mao).

The wool market in South Africa opened up well.

South African wool prices rose sharply, Cape wool Merino index was 105.15 RAND / kg (Jing Mao), a new high.

Subsequently, the two auction market declined slightly, but because of strong demand, especially the large demand for exporters, strong support for the strong price of wool.

The South African wool auction index closed at 102.47 RAND / kg (Jing Mao), up 5.1% compared with the same period in the previous year.

The total supply is 36484 packages, with a turnover rate of 94.6%.

From this we can guess that at the end of last year some factories seemed to be in short supply.

A slight decrease in Australian wool supply has a positive impact on demand, which is conducive to maintaining the stability of wool prices.

Orders for manufacturers are increasing, but inventories are decreasing accordingly.

Domestic wool market ushered in low sales season

January is a long holiday in the Spring Festival of China.

At this point, domestic sales of wool have ushered in the off-season, but this year's off-season is more severe than ever.

The economic downturn, coupled with lower purchasing power, is not optimistic about the wool market and the rabbit and cashmere market.

There are not many downstream orders, and the factory will have a holiday early.

With the deterioration of the European debt crisis and the lack of market confidence, many complex situations have come together, and the development of wool textile industry is facing great challenges.