Australia'S Wool Market Is Rising Again At The Exchange Rate.

This week, Australia

This week reported 35484 sources of goods, compared with 38080 packages last week, the racket rate was 8.3%, compared with Newcastle filming 3.6%, Melbourne 8.8%, Rand mantel 14.7%.

Merino

Before the auction, 885 packages (2.4%) were revoked from 36369 packages expected from the source, 9.9% of the final offer and 32539 packages.

This week, US economic data were better than expected, and the dollar exchange rate rose.

On Wednesday, the market opened strongly and the overall competition was good. Buyers in Newcastle market had a very good demand for fine wool.

The US dollar rose, and EMI rose 27 points in dollar terms.

Demand for these two days is strong, especially in Newcastle, where demand for fine wool is large, AWEX prices rose 50 points on Wednesday and 20 points on Thursday.

The price of miscellaneous wool in the northern market remained unchanged, but South market was slightly weaker on Thursday.

The demand for fine wool is good.

The average AWEX Merino price index rose 5 points (+0.8%).

Chinese buyers once again dominate the market, followed by buyers from Europe and India.

As expected, there are many buyers in Newcastle market in Italy.

Meanwhile, Chinese buyers in Newcastle are facing fierce competition for ultra-fine wool.

Next week, Sydney, Melbourne and Freeman have sales. The current registered source is 41210 bales.

The number of two auctions is currently estimated at 39430 and 46100 packs respectively, representing an increase of 0.2% over the three auctions of the same week last year.

New Zealand Merino company registered 1300 bales of cotton, which will be auctioned next week in Melbourne, with a total of 3500 packets in twelfth weeks.

In the South African market, the Cape Town wool index rose 0.9% from its last sales two weeks ago, Rand's depreciation of the US dollar by 1.4%, the depreciation of the euro by 0.5%, and the package of 6613 goods sold.