Commodity Price Volatility &Nbsp; Affecting Wool Market

Australian wool market this week Australian market In the two day auction, prices of all varieties fell. Due to the slump in the European market, the price of ultra-fine wool fell considerably, and 16.5~17.5 micron dropped by 40 Australian cents per kilogram. The eastern index closed at 1190 Australian dollars / kg, the index price closed at 1203 cents / kg, and the index price of RMB closed at 76.45 yuan / kg. Due to worries about the euro debt crisis, the US dollar continued to rise against other major currencies. The Australian dollar closed at 1.011 against the dollar on Thursday and fell below 1 on Friday. New Zealand's wool market this week, Merino fine hair and medium branch hairs have been supplied, the price has risen 2%~6%. In the hybrid wool, the price of other varieties has declined, except for the fine crossbred hairs and the price of the hybrid zero times wool. The supply of wool was 10488 packs this week, with a turnover rate of 82%. At the end of Thursday, the new yuan fell 1.79% against the dollar, closing at 0.76. The wool prices in South Africa have been dropping this week as the panic in the global market economy has heated up. The price index of wool fell by 2.6%, to 100.75 RAND / kg. Rand versus US dollar exchange rate Down 3.5%, to 8.13. This week, the supply was 10528 packs, with a turnover rate of 95%. The Ma Haimao market in South Africa this week is the last second auction in the year. The quality of the supply of Ma Haimao is good, and the market average index is up 2.8%, closing at 90.63 RAND / kg, with a turnover rate of 97.6%. At present, the buyers are positive and the turnover rate is high. This week, the wool market of Uruguay wool market has increased the number of wool varieties to be auctioned. This is the auction of merino wool, and the prices of various varieties are basically unchanged from last week. After a few weeks of strong market growth, the auction of the British wool market was slightly lighter with a turnover rate of 69%. Domestic wool market this week, all varieties of domestic market prices have declined. The Nanjing wool market quotation composite index closed at 82.75 yuan / kg, down 0.15 yuan / kg compared with last week.

Australia's raw wool index 101.50/ kg, down 0.50 yuan / kg compared with last week. Australia's Carbonization gross index is 72 yuan / kg, down 0.50 yuan / kg compared with last week. Australian wool self comb index is 115.80 yuan / kg, down 0.40 yuan / kg compared with last week. The index is 82.05 yuan / kg, down 0.65 yuan per kilogram last week. Uruguay wool top index is 57.50 yuan / kg, down 0.20 yuan / kg compared with last week. The gross index of New Zealand wool is 48 yuan / kg, down 0.10 yuan / kg from last week. New Zealand washed wool index index 48.40 yuan / kg, down 0.10 yuan / kg compared with last week. The new wool comb index is 54.70 yuan / kg, down 0.10 yuan / kg from last week. New Zealand Shelley gross index is 43.30 yuan / kg, down 0.20 yuan / kilogram last week. European wool top index is 48 yuan / kg, down 0.45 yuan / kg compared with last week.