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Weekly Market Review Of Wool Market From April 2Nd To 6

2012/4/7 15:23:00 11

Wool Garment Industry Textile Raw Materials Quotations

This week, the domestic wool market price continued last week's trend and continued to fall.

Among them, the 70S Australian wool self comb bar closed for 126333.33 yuan / ton this weekend, down 3000 yuan / ton compared with the beginning of the week, or 2.32%.

Analysis and comment

International Auction Market:

Australia this week

wool

The market is a week of weakness, because the price has only been auctioned for two days, and the price is under pressure due to the increase in supply.

This week, the Eastern market index fell 8 Australian cents on Wednesday and fell 13 Australian cents on Thursday, closing at 1191 Australian cents / kg (up 21 Australian cents compared with last week), while the US gold price closed at 1225 cents / kg (down 31 cents).

This week, the Australian dollar continued to decline, closing at 1.0317 on Thursday.

This week wool auction market performance is relatively stable, the new yuan trend is stronger, the number of local auction packages increased.

The main currency trade index remained stable compared with last week's auction. A total of 12577 bales of wool were auctioned at 67%.

The contrast between the South and the North islands is often complicated. Due to the mixing of sheep breeds and climatic changes, the color value of some North Island wool is larger.

Compared with the auctions on the South Island of last week, the price of fine crossbred shearing has remained stable, and the price of coarse wool has dropped by 1%.

Domestic downstream market:

This week, it is a small holiday for Qingming.

Woolen yarn

The purchasing power of raw materials has decreased, so the turnover of wool yarn has dropped in the market, but the price trend has been temporarily stable.

Judging from the trend of market varieties, the demand for Australian nitrile yarn is acceptable this week.

It is expected that the market will be dominated by adjustment.

Two, prospect forecast

Needless to say, China's wool textile industry is still the absolute main force.

The number of factory orders in China is the main reason for Australian wool and global wool prices.

It is reported that the 2012 autumn and winter orders of domestic manufacturers have been postponed due to retailers' waiting for better sales performance, plus the gross price which has always been very high, and how much they need to buy, which is the strategy adopted by most enterprises at present and in the near future.

Even though there are reports that domestic manufacturers' inventories have been low.

Due to the unsatisfactory international economic environment, China

Wool spinning

Industrial demand for Australian wool also appeared to be polarized.

For small businesses, the gradual withdrawal from the Australian wool market seems to be a trend.

Large and medium-sized enterprises, especially those with export orders, are keeping up with the market, for fear of filming disorder.

For these powerful enterprises, the ups and down are high.

The price of raw materials will rise and the price of products will be raised.

Eventually, we can continue to operate normally.

But the amount of money invested is too small for SMEs.

The exchange rate between the Australian dollar and the US dollar has been reduced recently. The cost saved by the Australian wool trade, which is calculated by tens of thousands of dollars, should not be overlooked.

Although the supply of Australian wool is relatively low in the current year, the downstream demand is still weak in view of the recent irreversible international environment.

Australian market dynamics are expected to fall.

In summary, wool analyst Dong Lindi believes that the domestic wool market is dominated by a narrow market.