A Brief Analysis Of The Domestic And International Wool Market In February
Although this year's February has begun to spring, the market of wool market is in a "cold spell". The Sydney wool market index returned to the January 2002 level, while domestic enterprises were cautious in buying wool and the market demand was not strong.
In February, the international economic situation remained unstable, and the international financial crisis continued to spread, which left many consumers in the world with a lingering fear. In 2009, the market's demand for high-end textiles, including woolen fabrics, was greatly reduced.
The global consumption contraction has seriously affected the use of raw materials in various industries. In February, the price of the major wool producing countries fluctuated, and the export orders of the domestic wool textile enterprises decreased significantly, and the demand for the wool market was cold.
The price of the AWEX EMI of the Australian wool exchange continued to decline slightly. By the end of February, the composite index of the Eastern market closed at 722 Australian cents / kg, a decrease of 19 Australian cents / kg, and the average monthly price of February was 730 Australian cents / kg, a decrease of 2.4% compared with the same period, down 26.45% from the same period last year.
The Australian dollar exchange rate declined slightly under the influence of the euro depreciation. At the end of the month, the US gold price closed at 469 cents / kg, down 22 cents / kg from the end of January. Owing to the different supply and demand of fineness varieties, superfine wool in the average of 19 microns in February dropped by 20 cents / kg, and the fine wool fell by about 15 cents per kilogram, and the average price of medium fine wool decreased by 10 cents / kg. However, because of the large demand and low supply, the price of hybrid wool is stable and rebounded.
The wool auction was held in Sydney, Melbourne, Freeman and Newcastle. The amount of wool sold on the market was 196028 packs, with a turnover of 168570 packages, with no turnover rate of 14%. The top five buyers of wool are: Tek wool (Australia), 18513 bags; ABB buys 15496 packages; Williams buys 12491 packages; KATHAYTEX (Australia) buys 12410 packages; Fox Leigh (Australia) buys 11914 bags.
The auction price of hybrid wool in New Zealand's wool market has steadily declined. In February 26th, the fine crossbred wool sold in the auction market in the North Island and South Island was closed at 345 new points / kg, the coarse crossbred wool was collected at 284 new points / kg, and the lamb wool was collected at 361 new points / kg. Compared with the end of January, fine crossbred wool decreased by 5 new points / kg, crude Brix hybrid decreased 14 new cent / kg, lambs wool dropped 7 new cent / kg. In February, the new yuan exchange rate continued to decline slightly. The gold price of the above varieties decreased by 7 cents / kg, 11 cents / kg and 9 cents / kg respectively compared with the end of January.
The New Zealand wool market carried out 4 auctions, offering 81200 packets of wool and 52409 bags, with an average turnover rate of 64.54%. Among them, the middle fine Branch hair (23.1~31.5 micron) accounted for 1.83% of the turnover, while the fine branch hybrids (31.6~35.0 microns) accounted for 18.51%, while the coarse branch crossbreed (larger than 35.1 microns) accounted for 51.03%, while the lambs accounted for 24.26%.
The auction price of the South African wool market has also declined. In February 25th, the South African wool wool auction index closed at 43.97 RAND / kg, and net gross margin decreased by 2.64 RAND / kg, down 5.7% in late January. The three auction in Port Elizabeth provided 30509 packets of wool and 27383 packages, with a turnover rate of about 89.7%.
In February, domestic wool textile enterprises started one after another. However, due to the low price of the international market, the order of wool textile products has been reduced, and the price of wool in the domestic market has continued to decline. The composite index of Nanjing wool market closed at 40.93 yuan / kg at the end of this month, a decrease of 5.52 yuan / kg compared with the end of January, a decrease of 11.88%. It fell by 34% compared with the end of February 2008.
Because of the sharp decline in the export of worsted fabrics this year, after the resumption of domestic wool textile enterprises, the raw material structure and product grades were adjusted, and the focus of sales was pferred to the domestic market. Some varieties were oriented to the vast rural areas. The consumption of semi worsted and semi fine wool in February increased slightly compared with that in January.
At present, under the severe economic situation of the world, wool textile enterprises of all countries still lack confidence in purchasing wool. In order to avoid the risks of the world economic crisis, some have reduced production, some have changed product grades, some have changed their production, and some have pferred orders.
At present, most enterprises are cautious about buying wool, and the market demand is still not strong. The exchange rate fluctuation of international monetary market in March is still an important factor leading to the rise and fall of wool prices. It is suggested that policy makers should pay attention to exchange rate.
Editor in chief: Xu Qiyun
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