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Import Price Of Wool Imported From Ningbo Port Fell In The First Half

2011/8/3 14:22:00 27

According to statistics, Ningbo port completed import in the first half of 2011.

wool

Inspection and quarantine 2882.23 tons, the value of $22 million 903 thousand and 600, down 15.6% and 46.3% in 2010 compared with the previous year, the average unit price was 7946.50 U.S. dollars / ton, an increase of 11.32% over the same period last year.

In the first half of this year, compared with the statistics in the same period last year, the import weight of wool decreased considerably, while the import unit price increased year by year.

There are 3 main reasons for the above phenomena: first, since the outbreak of the financial crisis in 2008,

Wool spinning

Companies are working hard to reduce inventory.

Since 2010, the wool textile industry has recovered faster growth, resulting in increased demand for wool. However, the world wool production represented by Australian wool has been at a low level, and the imbalance between supply and demand in the short term has led to a rise in wool prices.

Secondly, due to the depreciation of the US dollar and the excess liquidity in the world, a large amount of capital has been surging into the commodity market, resulting in a sharp rise in oil prices and agricultural products prices, making the prices of raw materials such as cotton, viscose, acrylic and other synthetic fibers rising continuously, and the price of natural fibers based on cotton is a record.

suffer

cotton

With the rise of textile materials, the price of wool has started to rise rapidly since October 2010.

At the same time, the appreciation of the Australian dollar / dollar exchange rate has pushed up the price of wool denominated in US dollars.

Finally, the increasing price of wool, the moderately tight monetary policy in China, and the large number of accounts receivable in the downstream enterprises have not yet arrived and so on. This has led to the increasing pressure on the funds of some wool importing enterprises, to a certain extent, to suppress the import demand of wool and to reduce the import of wool.