The Price Of Wool Increased By 45 Australian Cents.

This week, the whole Australian wool market was strong and gratifying. The prices of wool and wool listed on various models and indicators rose, reaching a maximum of 45 P.

The auction market climate changed 6 weeks before the decline, the volume of the producers' strong rebound, inspiring, convey the demand for wool fiber again to restore and enhance the good signal.

It is interesting to note that Australia's largest export company has been holding back, and another exporter has not even entered the trade.

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Less than P > 16 to 18.5 microns of fine Merino wool finally entered the upward growth range, this week the price has a small increase.

This week the proportion of Superfine Merino wool was relatively high, with 18 to 18.5 micron wool being the best, with an increase of 45 Australian cents.

17.5 micron and large demand for fine wool, but the listing volume declined, closing price rose from 25 to 30 Australian cents.

Before the closing of the auction, the market growth is expected to increase over the next few weeks.

Considering that the supply of wool on the market has been reduced, the number of quality wool in the top grade market has declined rapidly, and buyers are rushing to buy goods.

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< p > from market opening, market demand for 18.6 to 22.5 micron fine branch and Chinese branch Merino wool is rising, and every trading day is not a small increase.

At the end of the week, prices of all indicators increased by 35 to 40 Australian cents over last week's closing market prices.

It may be a driving force for further growth, and the trading price of the market has increased by about 10 Australian cents in the hour of the close of the closing market, which is 25% of the growth this week.

That is to say, the market is closed at the highest price this week.

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< p > GUI Mao and crossbred wool (25 to 32 microns) show a certain trend of firmness, but the overall increase is not as good as that of merino wool.

When the market closed, prices rose slightly by 5 to 10 Australian cents.

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The P market, which is relatively small in market volatility, continues to bring surprises. This week, its auction rose sharply to 25 Australian cents.

As a result, the price difference between fine and coarse carding is still at a historically low level, between 30% and 35%, far below the historical level of 50%.

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< p > in the next few weeks, the listing of wool is low. At the same time, the bulk orders sold to China are mostly shipped in the same month or next month. It is foreseeable that the market will be stronger in the next 1 to 2 weeks.

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