Home >

Textile Raw Materials: Australian Wool Market Closed Up 2.3%

2008/11/27 0:00:00 55

??? 日本語 Fran?ais English 中文

This week, the Australian wool Market (Sydney, Melbourne and Freeman) averaged 2.3% higher.

AWEXEMI rose 22 Australian cents (+2.9%) to 788 Australian cents per kilogram.

The northern market was up 25 +3.1%, and South market was up 20 cents (+2.7%). This week, the corresponding regional prices were reported to be 819 Australian and 763 Australian cents (skimmed wool).

Western prices rose 8 Australian cents (+1.1%), closing at 754 Australian cents.

The composite index (EMI) rose 65 Australian cents in two trading days.

This week, the number of auctions is 36468 packs, the smallest number of auctions this year, compared with 43661 packets last week.

On Tuesday, the New Zealand Merino company reported 2249 bales of wool in Melbourne, with a turnover rate of 8.3%.

The sale of the first 76 packages withdrew from the auction and the re offer rate was 14%.

On Monday, the Aussie dollar rose 0.79 Australian cents against the US dollar last Thursday, fell 0.10 Australian cents on Tuesday, fell 0.21 Australian cents on Wednesday, and fell 0.90 Australian cents to 63.51 Australian cents, down 0.42 Australian points (0.7%) from the last paction.

On Thursday night, the Australian dollar fell 0.47 euro cents (0.9%) against the euro, closing at 50.85 euro cents.

In dollar terms, AWEXEMI rose 10 Australian cents (+2.0%) over the previous sale, rising 8 Australian cents (+2.0%) according to the euro price.

This week, the wool market continued to be active. Australia's AWEXEMI strengthened, and the US and euro currency appreciated. All wool varieties showed strong strength.

The AWEX micron guidance price of merino wool varieties (MPGs):17.0 micron fell 0.2%, 21 microns increased 4.9%, and 20-23 microns increased by about 3.5 - 5%.

AWEX micron guided price (MPGs) average trend, 17 microns fell 3 Australian points, 17.5 microns rose 32 Australian points, 18 microns increased 30 Australian points, 18.5 microns rose 29 Australian cents, 19 microns increased 18 Australian points, 19.5 microns rose Australia.

The average price of 20 micron wool MPG increased by 40 Australian cents (skim), 21 microns rose 38 Australian cents, 22 microns rose 25 Australian cents, 23 microns rose 25 Australian cents, 24 microns rose 15 Australian cents.

Merino has a strong demand, and all kinds of prices are strong.

The price of miscellaneous wool has also risen this week, but the increase is lower than that of the Merino breed.

Broken wool fell sharply, and the average MPG rose by 18 Australian cents (+4.0%).

China is the main buyer of the market.

Next week, Newcastle, Melbourne and Freeman will open for sale, with the current sales volume of 45563 bales.

In South Africa, the offer was 8997 packs, the Cape wool index increased by 4.7% compared with last week, Rand's appreciation of the US dollar by 0.5%, and the appreciation of the euro by 0.1%.