Australian wool market for the third week of November 2010

In the third week of November 2010, the average price of Australian wool trading markets (Sydney, Melbourne and Fremantle) fell by 0.3%, and the dollar exchange rate fell by 2%.

The third week of November 2010 was the week with the largest sales this year. Sheep farmers used their current price advantage to actively sell wool.

The source for the third week of November 2010 was 57,711 bales, compared with 52,290 bales last week with an untransaction rate of 12.4%, including 7.7% in Sydney, 19.9% ​​in Melbourne and 19.9 in Fremantle. %. The outstanding turnover rate of Merino wool and skirting wool was 16.3% and 5.1% respectively.

The expected supply of goods was 58,622 bales. Before the auction, 911 bales (1.6%) were withdrawn and the re-offered goods accounted for 6.2% of the final supply. Sold 50,568 bales.

New Zealand's Merino Company reported 3,143 bales in the Melbourne market on Tuesday, with an untransaction rate of 5.95.

In the third week of November 2010, the price of the US dollar fell, and market participants attributed it to strong demand for the US dollar. The reserve bank’s instructions showed that the Australian dollar interest rate continued to rise.

In the third week of November 2010, the fine-wool market remained very strong. Prices at all exchange rates showed a stronger trend, and the incomplete turnover rate of all micron wool and wool types was very low. However, the price of 19.5-23 micron wool fell, the untransmitted rate was relatively high (especially for wool), and the wool supply was relatively large.

In fine wool, the average price of AWEXMPGs from 16.5 to 18.0 microns has risen by about 500æ¾³ (40%) since the beginning of the year.

The number of sheep shearing in eastern Australia has increased. By the end of October, the Australian Wool Testing Authority had detected a reduction of 21.9% in wools below 18.6 microns, compared with a 7.2% reduction in the detection of all wool by the Wool Testing Authority.

The demand for rough wool is still strong, especially for finer wool (lower grass content). In the third week of November 2010, the price of non-skimmed wool rose by approximately 40-50 cents. The price of hybrid hairs was relatively stable, or rose by about 0.7%. The broken hair averaged stronger, and the AWEX Merino Card's price index rose by about 2%.

In the third week of November 2010, Chinese buyers dominated the market again, followed by buyers from Europe and India.

Next week, Newcastle, Melbourne and Fremantle will be opened, with a current registered supply of 54,240 bales. It is currently estimated that the two sales weeks (weeks 22 and 23) will auction 47,750 bales and 49,200 bales respectively, an increase of 10.2% over the three trading days of the same week of the previous year. The New Zealand Merino Company will provide 1,000 bales of wool in the 23rd week.

In the South African market, the Cape Wool Indicator has fallen by 2.0% since last week, the Rand has depreciated by 2.8% against the US Dollar and depreciated against the Euro by 0.6%. The reported supply quantity was 11,713 bales.