A Weekly Review Of Australian Wool Market (As Of September 7Th)

This week, the AWEX regional market in Australia.

The closing price dropped at auction in Sydney, Melbourne and Frey Mantell.

The average price dropped by 0.7%, the US dollar.

Down 1.3%.

This week's auctions will be held on Tuesday and Wednesday to accommodate Australian wool.

This week, when the market opened on Tuesday, there was a mixed phenomenon. The micron price index of most Merino wool decreased, the smallest of which was 20-24 micron wool.

The wool with the largest reduction was Merino wool, and their declines were larger than those of non shearing and crossbred wool.

The wool on Merino clipping type fell again on Wednesday, and the biggest decline this time was the coarse Merino wool.

Wool with non sheared wool was performing well again, while the hybrid type wool rose in the northern market, but declined in the southern market.

The Eastern market index fell 367 Australian cents (-28.4%) over the same week last year, while the western market index was 363 Australian cents lower than the same week last year (-28.2%).

Since the beginning of this season, the Eastern market index and the western market index have decreased by 143 points (-13.4%) and 152 Australian cents (-14.1%) respectively.

The decline in the wool market has been buffered by the decline in the US dollar.

In other countries, the Cape wool index in South Africa dropped by 2.4% over last week.

In New Zealand, the wool index of wool service international decreased by 2.5%-5%.

Among other fibers, cotton futures in December dropped 1.2% this week, up 2.7% in the previous week.

The closing price on Friday is 76.30 cents.

The supply so far this year is 37531 less than that in the same week last year (-11.8%).

This figure is expected to remain unchanged in the next three weeks.

This week, the Australian dollar's exchange rate with the US dollar and other countries continued to weaken.

This is largely due to China's more modest growth, continuing concern about the economic situation in Europe and low prices of daily necessities.

On Wednesday, the exchange rate of the US dollar and the euro decreased by 3.7% and 4.4% respectively, 4.4% lower than the peak season before the four weeks ago.

On Tuesday, in the northern market and southern market, the wool fabric opened well, but it declined basically in the western market.

The situation continued on Wednesday, when only the northern market and the southern market were auctioned.

The demand for skirt wool is reflected by a low turnover rate of 6.6%.

The hybrid wool is better than the Merino type wool, especially in the northern market.

For broken wool, this week is basically a good week.

Buyers from China are once again in a dominant position and are supported by buyers from India.

Next week's auction will take place in Sydney, Melbourne and Frey Mantell. The number of registered wool now reaches 36788 packs.

At present, the estimated supply of wool in the next two weeks (twelfth weeks and thirteenth weeks) is 45230 and 38900 pack napkins, respectively, which is 11.9% lower than that for three weeks in the same period last year.

The New Zealand Merino company is offering 1000 bags of wool for auction in twelfth weeks.

During the auction in South Africa, the Cape wool index decreased by 2.4%, the exchange rate of South African rand dropped by 0.5%, the exchange rate of the euro dropped by 0.3%, and the supply of wool reached 5794 packs.