Uncertain Factors Increased By &Nbsp; Late Prices Rose Strongly.

Since entering the second half of 2011, the internal driving force of the US economy is still insufficient, the macroeconomic policy has weakened the stimulus to the economy, the Greek sovereign debt crisis, the emerging economies are facing the risk of a "hard landing" of the economy, the risk of large fluctuations in commodity prices is difficult to exclude, and the global monetary policy is moving towards uncertain factors. The whole market is in a labyrinth, and I dare not jump to conclusions.

Australia's market is changing.

The Australian wool market witnessed that wool prices experienced three stages of collapse, recovery and stabilization in October.

In the context of the global economy, Australian wool prices fell with other commodities. In October 6th, the eastern index closed at 1164 Australian cents / kg, the index price closed at 1122 cents per kilogram, and the index price of RMB closed at 71.30 yuan / kg, which fell by 19%, 26% and 27% respectively compared with the highest historical level in the Australian market in June 24th this year.

After the "eleven" long holiday, Chinese enterprises once again entered the market as the fresh force of Australia's wool purchase.

It is not difficult to see the impact of China's demand on wool prices.

In October 28th, the eastern Australian market index closed at 1215 Australian cents / kg, and the US dollar closed at 1274 cents / kg.

In October 4th, the Australian dollar exchange rate rose to a low level of 0.9368 since September 24th last year, but it quickly rebounded to 1: 1. In late October, European and American stock markets remained strong, market preferences remained high, and the Australian dollar went straight to 1.07 against the US dollar.

In October, the supply of Australian wool market was 170100 packs, with a turnover of 145708 packages, with a turnover rate of 85.7%.

New yuan exchange rate strong demand drives market

The New Zealand market, which was scheduled to hold 4 auctions, was cancelled in third weeks due to insufficient supply.

In October, the price of wool market first went up and then fell. Compared with September, the fine wool was sold at an auction, the price fell slightly, closing at 18.44 New Zealand yuan / kg, and the middle branch wool was 9 New Zealand yuan / kg. China's demand for supporting fine branch crossbred wool was strong, and it closed at 6.72 New Zealand yuan / kg; the coarse crossbreed was 6.38 New Zealand yuan / kg, and the lamb was still not sold.

New Zealand's exchange rate was strong in October, supporting factors from risk aversion, weakening US dollar, rising commodity prices and New Zealand dollar advantage over the US dollar.

In US dollars, the index of medium wool index fell by 0.2%, the ratio of fine crossbred wool to ring increased by 3.5%, and the ratio of coarse crossbred wool to wool rose by 2%.

In October, the supply of New Zealand wool market was 38022 packs, with a turnover of 34845 packages, with a turnover rate of 91.6%.

Other market prices are mixed.

The Uruguay wool market conducted two auctions in October in Uruguay market, and the price of medium branch and fine wool fell slightly, and tended to be stable.

26.6~27.5 micron Koli's fine sleeves were collected at 4.15 US dollars / kg, and 27.6~28.5 micron Kao Li's middle branch was collected at 4 US dollars / kg.

The British wool market has only one auction this month, with a supply of 1800 tons, with a turnover rate of 100%.

At present, some wool substitute fibers, such as polyester and acrylic fiber, are gradually occupying the market, which may be a blow to wool demand, but as long as demand is relatively stable, prices will not plummet.

South Africa's wool market this month due to market confidence restored, the South African wool market first fell and then raised, prices rose for three consecutive weeks.

The average price of wool index in South Africa in 2011/2012 is 93.68 RAND / kg, up 60.1% compared with the same period in the previous year.

The total supply this month is 34166 packages, with a turnover rate of 94.6%.

In view of the impact of the Rift Valley fever in the previous year, the storage capacity of the wool brokers warehouse decreased by 10% compared with the same period in the previous year.

This is likely to provide strong support for the rise in wool prices this year.

The sale of mohair fourth auctions in South Africa's Mohair market in 2011 was 120.105 tons, with a turnover rate of 99%. The average market index closed at 88.40 RAND / kg, up 25% over the same period in 2010.

The wool quality of this auction is improved.

Although the industry is still worried about the European market, there are signs that Ma Haimao's demand is growing at a young age.

When we were celebrating the national day, the domestic market cooled rapidly with the weakening of the Australian market.

When the market dropped to the lowest level, because of lack of confidence, everyone lost their way, and even gave up the opportunity to buy at a low price. At that moment, the exchange rate suddenly reversed, pulling the dollar quotation suddenly rebounded, and everyone was caught unprepared.

At present, the domestic market has begun to stabilize. The consumption is mainly concentrated in wool with fineness of more than 66, and the demand for fine Branch hair is relatively weak.

2011 after the Shanghai fabric was launched, orders returned and the demand for wool increased only at the turn of autumn and winter.