Strong Demand For Wool In Australian Wool Market

Australia's wool Market (Sydney, Melbourne and Freeman) averaged 0.8% higher this week and the US dollar appreciated by 2.1%.

This week, the source of goods was 34299 bales, compared with 40009 packets last week.

The rap rate is 8%, of which Sydney filming 2.4%, Melbourne filming 8.6%, Freeman Tel filming 13.5%.

The filming rates of merino wool and side cannon are 9.3% and 4.7% respectively.

35294 packages of goods are expected to be reported, of which 995 packages (2.8%) are revoked before the auction, and the re reported source accounts for 17.2% of the final report.

31545 bags are closed.

This week's financial markets were mixed. After a week's defeat, the exchange rate rose on Thursday.

This week,

The demand for bristles continues to be strong, especially for smaller and better varieties.

The overall performance of miscellaneous wool is very good, especially coarse wool, and the average AWEX price is increased by about 2%.

The demand for broken wool continued to expand on the basis of last week, and the market for combs began to pick up after two consecutive months of decline.

The average price of AWEX's Mini Club rose 25 points (+4.1%).

Buyers from China once again dominate the market, followed by buyers from India, Europe and Taiwan.

Next week, Sydney and Melbourne continue to open, and the current level of auctions is 27930 packs.

It is estimated that the number of sales in the two sale (51 weeks and 52 weeks) is 36835 and 30400 packs, respectively, representing a 16.4% increase compared with three pactions in the same week last year.

As we said last week, the difference between the three week's year-on-year supply gap was huge because last year's 51 week auction had a very small supply of 17206 packages.

South Africa is closed. Later this month, another auction will be held this year.