In 2011, the global wool market experienced an “up and down†fluctuation, and in July it became a watershed for domestic and foreign wool markets.
In the first half of 2011, the world economy was picking up, China’s economy continued to grow, and commodity prices in the international market were high. The price of wool rose steadily, and wool prices in all countries reached the highest level in history. After entering July, the European debt crisis broke out in an all-round manner. The global economic situation has turned sharply downwards, economic data has continued to decline, financial markets have undergone severe turmoil, and the stock market has continued to fall. The world economy has slowed down. Under the shadow of the economic recession, the international wool market has a strong wait-and-see attitude and wool prices have begun to fall. By the end of the year, many wool varieties returned to the prices at the beginning of the year, and the wool market was full of confusion and panic.
The Australian market has been struck by the difficulties of the 2011 New Year. The world economy has recovered, many buyers have entered the auction market, many factories have limited stocks, and the international market has increased demand for Australian wool. However, at this time, a large area of ​​flooding occurred in Australia, and wool production decreased. The market blew up the “price increaseâ€.
In January, after the Australian market started shooting, Australian wool prices rose upward, breaking the highest price in nearly 20 years. On January 11, the eastern Australian wool auction market opened in Melbourne with a net hair price of 1046 AU/kg, an increase of 163 ounces/kg from the opening price of the previous year. After that, it sang all the way and continued to rise for months. Before the market close in July, it reached a record high of 1,436 AU/kg.
After the opening of the new wool year (2011/2012 wool year), it happened to meet with the United States. Under the influence of panic, the Australian market's trend in the second half of the year was "beats". The exchange rate of the Australian dollar against the US dollar has remained strong since breaking through 1..1 in March and reached a maximum of 1.0773 in July, the highest since the implementation of the floating exchange rate system in Australia in 1983. Due to the strong performance of the Australian dollar, the settlement price of wool and US dollars has been higher than the Australian dollar settlement price from March to September.
After a year's market changes, the wool with a fineness of less than 19.5 was lower than the opening price, while the price of wool with a fineness of more than 19.5 was much higher than the opening price. This shows that the market demand for ultra-fine wool in Europe has shrunk, while the demand for fine and medium-branch wool has been strong.
From January to December, the Australian auction market provided a total of 1.71 million bales, with 1.52 million bales, and the transaction rate was 88.6%. Among them, Viterra Wool Company purchased 216,000 bales, Teck Wool purchased 138,000 bales, Queensland Cotton Corporation purchased 109,000 bales, Foxley purchased 92,000 bales, and Lumpley (Australia) purchased 56,000 bales.
Strong gains in the New Zealand market Although March 2011 experienced the Great Wall Earthquake and the market cancelled an auction, the New Zealand wool market has not been substantially affected. Due to insufficient supply, wool prices have been on the rise since the filming began in January 2011. Until the end of March, the price of fine-bred hybrid hairs and coarse-bred hybrids rose to the highest point in the year, and the price of midbred hairs rose continuously to the highest level in late May. point. In 2011, the coarse-bred hybrids showed the strongest growth, with the average annual price rising by 68% over the previous year. The average price of fine-bred hybrids has risen by 55%, and the price of wool in China has increased by 31%.
New Zealand wool market's conventional variety price chart in 2011 Unit: New points/kg New Zealand wool market Conventional variety index table for 2011 New Zealand/kg Last year, the exchange rate of the New Zealand dollar rose strongly, setting a record in July of last year. China cancelled all in 1985* * Since the peak of the regulation, reaching 0.872.8 months, affected by the European debt crisis, market risk aversion awareness has risen. Commodity prices have fallen, risk currencies have oscillated at low levels, and the Singapore dollar exchange rate has gradually weakened. At the end of the year, the New Zealand dollar exchange rate against the US dollar closed at 0.768.
In 2011, the new hair auction volume was 460,000 bales, and the transaction volume was 386,000 bales. The transaction rate was 83%. Among them, New Zealand International Wool Company purchased 89,000 bales, Mathew bought 86,000 bales, JSB bought 52,000 bales, Fuman bought 45,000 bales, and B&B bought 28,000 bales.
Market transactions in other countries have prospered in the South African wool market. Last year, with the active involvement of the Nanjing wool market, the problem of Rift Valley Fever in South Africa was satisfactorily resolved and South African wool entered the Chinese market again. Due to strong market demand, South African wool has ushered in the most prosperous year of trading in a decade. The South African wool market index was opened at 70.54 rand/kg, and on November 2 it rose to the highest point of 104 rand/kg and closed at 98.15 rand/kg. The annual average is 90 rand/kg, a 47% increase from 2010. A total of 273,000 bales of wool were included in the auction throughout the year, with a turnover of 255,000 bales and a transaction rate of 93.3%.
In Uruguay wool market, Uruguay wool kept a steady growth in the first half of the year due to the small supply. The market continued to weaken in the second half of the year and the overall price did not change much. The initial transaction price of Courier's middle collar wool (26.7~28.5μm) was between US$4.1 and US$4.3/kg at the beginning of the year and US$4.1 to US$4.2/kg at the end of the year.
In the UK wool market, 50% of shearing sales were better during the shearing season of 2011. The British wool movement has stimulated market demand and pushed up the price of wool. But many things are two-sided, and the increase in wool prices also means that some manufacturers reduce the amount of wool used, which in turn increases the use of synthetic fibers.
The overall market index of the South African mohair market closed at 104.18 rand/kg in January. It closed at 109.83 rand/kg in April, setting the highest price in the year. The average market index for November closed at 90.63 rand/kg.
The domestic market rose first and then decreased. 2011 was the first year of the national “Twelfth Five-Year Planâ€. In the first half of the year, the wool textile industry continued the situation of prosperous production and sales in 2010. The wool market demand was good, and the Australian wool market pushed up. Domestic companies have bought a lot of raw materials in an attempt to buy up or not buy, and wool prices have risen rapidly. In the second half of the year, due to the volatile European exchange rate crisis caused by the continuous warming of the European debt crisis, all commodities in the world are in turmoil. Wool is no exception. The domestic sales market seems calm, but it has been surging. The wool with a fineness greater than T55 has been affected by the increase in domestic demand for professional clothing. At the beginning of January, the Nanjing wool market quotation index opened at 69.38 yuan/kg, rising all the way to the highest point of the year at the beginning of July at 90.50 yuan/kg, after which the gross price continued to drop until the year-end closing at 80.20 yuan/kg. According to statistics, from January to November last year, China imported 272,000 tons of wool.
2011 Nanjing wool market sub-index table Unit: RMB/kg As a whole, deflation will become the main theme in 2012. China’s recent cut in the deposit reserve ratio may be an indication of the economic slowdown. The crisis in Europe will be the main reason for the slowdown. There will be an appreciation of around 2.5% this year. From this fundamental perspective, we can generally look forward to the fact that the growth rate of world trade in 2012 will further decline, the global wool market will recover slowly, and the general downturn is unlikely to change significantly. It is expected that the wool market will also maintain a steady downward trend this year.
In the first half of 2011, the world economy was picking up, China’s economy continued to grow, and commodity prices in the international market were high. The price of wool rose steadily, and wool prices in all countries reached the highest level in history. After entering July, the European debt crisis broke out in an all-round manner. The global economic situation has turned sharply downwards, economic data has continued to decline, financial markets have undergone severe turmoil, and the stock market has continued to fall. The world economy has slowed down. Under the shadow of the economic recession, the international wool market has a strong wait-and-see attitude and wool prices have begun to fall. By the end of the year, many wool varieties returned to the prices at the beginning of the year, and the wool market was full of confusion and panic.
The Australian market has been struck by the difficulties of the 2011 New Year. The world economy has recovered, many buyers have entered the auction market, many factories have limited stocks, and the international market has increased demand for Australian wool. However, at this time, a large area of ​​flooding occurred in Australia, and wool production decreased. The market blew up the “price increaseâ€.
In January, after the Australian market started shooting, Australian wool prices rose upward, breaking the highest price in nearly 20 years. On January 11, the eastern Australian wool auction market opened in Melbourne with a net hair price of 1046 AU/kg, an increase of 163 ounces/kg from the opening price of the previous year. After that, it sang all the way and continued to rise for months. Before the market close in July, it reached a record high of 1,436 AU/kg.
After the opening of the new wool year (2011/2012 wool year), it happened to meet with the United States. Under the influence of panic, the Australian market's trend in the second half of the year was "beats". The exchange rate of the Australian dollar against the US dollar has remained strong since breaking through 1..1 in March and reached a maximum of 1.0773 in July, the highest since the implementation of the floating exchange rate system in Australia in 1983. Due to the strong performance of the Australian dollar, the settlement price of wool and US dollars has been higher than the Australian dollar settlement price from March to September.
After a year's market changes, the wool with a fineness of less than 19.5 was lower than the opening price, while the price of wool with a fineness of more than 19.5 was much higher than the opening price. This shows that the market demand for ultra-fine wool in Europe has shrunk, while the demand for fine and medium-branch wool has been strong.
From January to December, the Australian auction market provided a total of 1.71 million bales, with 1.52 million bales, and the transaction rate was 88.6%. Among them, Viterra Wool Company purchased 216,000 bales, Teck Wool purchased 138,000 bales, Queensland Cotton Corporation purchased 109,000 bales, Foxley purchased 92,000 bales, and Lumpley (Australia) purchased 56,000 bales.
Strong gains in the New Zealand market Although March 2011 experienced the Great Wall Earthquake and the market cancelled an auction, the New Zealand wool market has not been substantially affected. Due to insufficient supply, wool prices have been on the rise since the filming began in January 2011. Until the end of March, the price of fine-bred hybrid hairs and coarse-bred hybrids rose to the highest point in the year, and the price of midbred hairs rose continuously to the highest level in late May. point. In 2011, the coarse-bred hybrids showed the strongest growth, with the average annual price rising by 68% over the previous year. The average price of fine-bred hybrids has risen by 55%, and the price of wool in China has increased by 31%.
New Zealand wool market's conventional variety price chart in 2011 Unit: New points/kg New Zealand wool market Conventional variety index table for 2011 New Zealand/kg Last year, the exchange rate of the New Zealand dollar rose strongly, setting a record in July of last year. China cancelled all in 1985* * Since the peak of the regulation, reaching 0.872.8 months, affected by the European debt crisis, market risk aversion awareness has risen. Commodity prices have fallen, risk currencies have oscillated at low levels, and the Singapore dollar exchange rate has gradually weakened. At the end of the year, the New Zealand dollar exchange rate against the US dollar closed at 0.768.
In 2011, the new hair auction volume was 460,000 bales, and the transaction volume was 386,000 bales. The transaction rate was 83%. Among them, New Zealand International Wool Company purchased 89,000 bales, Mathew bought 86,000 bales, JSB bought 52,000 bales, Fuman bought 45,000 bales, and B&B bought 28,000 bales.
Market transactions in other countries have prospered in the South African wool market. Last year, with the active involvement of the Nanjing wool market, the problem of Rift Valley Fever in South Africa was satisfactorily resolved and South African wool entered the Chinese market again. Due to strong market demand, South African wool has ushered in the most prosperous year of trading in a decade. The South African wool market index was opened at 70.54 rand/kg, and on November 2 it rose to the highest point of 104 rand/kg and closed at 98.15 rand/kg. The annual average is 90 rand/kg, a 47% increase from 2010. A total of 273,000 bales of wool were included in the auction throughout the year, with a turnover of 255,000 bales and a transaction rate of 93.3%.
In Uruguay wool market, Uruguay wool kept a steady growth in the first half of the year due to the small supply. The market continued to weaken in the second half of the year and the overall price did not change much. The initial transaction price of Courier's middle collar wool (26.7~28.5μm) was between US$4.1 and US$4.3/kg at the beginning of the year and US$4.1 to US$4.2/kg at the end of the year.
In the UK wool market, 50% of shearing sales were better during the shearing season of 2011. The British wool movement has stimulated market demand and pushed up the price of wool. But many things are two-sided, and the increase in wool prices also means that some manufacturers reduce the amount of wool used, which in turn increases the use of synthetic fibers.
The overall market index of the South African mohair market closed at 104.18 rand/kg in January. It closed at 109.83 rand/kg in April, setting the highest price in the year. The average market index for November closed at 90.63 rand/kg.
The domestic market rose first and then decreased. 2011 was the first year of the national “Twelfth Five-Year Planâ€. In the first half of the year, the wool textile industry continued the situation of prosperous production and sales in 2010. The wool market demand was good, and the Australian wool market pushed up. Domestic companies have bought a lot of raw materials in an attempt to buy up or not buy, and wool prices have risen rapidly. In the second half of the year, due to the volatile European exchange rate crisis caused by the continuous warming of the European debt crisis, all commodities in the world are in turmoil. Wool is no exception. The domestic sales market seems calm, but it has been surging. The wool with a fineness greater than T55 has been affected by the increase in domestic demand for professional clothing. At the beginning of January, the Nanjing wool market quotation index opened at 69.38 yuan/kg, rising all the way to the highest point of the year at the beginning of July at 90.50 yuan/kg, after which the gross price continued to drop until the year-end closing at 80.20 yuan/kg. According to statistics, from January to November last year, China imported 272,000 tons of wool.
2011 Nanjing wool market sub-index table Unit: RMB/kg As a whole, deflation will become the main theme in 2012. China’s recent cut in the deposit reserve ratio may be an indication of the economic slowdown. The crisis in Europe will be the main reason for the slowdown. There will be an appreciation of around 2.5% this year. From this fundamental perspective, we can generally look forward to the fact that the growth rate of world trade in 2012 will further decline, the global wool market will recover slowly, and the general downturn is unlikely to change significantly. It is expected that the wool market will also maintain a steady downward trend this year.
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