Australia's Edge Is Booming.

This week, the Australian wool Market (Sydney, Melbourne and Freeman) averaged 1.1% higher and the US dollar exchange rate increased by 0.2%. In dollar terms, the closing price of EMI was higher than last week, and the US dollar fell by about 8%.

　　
This week reported the source of 40009 packets of wool, compared to last week, 45159 yuan package. The flow rate is 7.2%, of which Sydney is 5.3%, Melbourne is 5.9%, and Freeman is 13.2%. The circulation rates of merino wool and Benkanmaw were 7.3% and 4.9% respectively.

　　
It is expected that the offer will be 41635 packages, of which 1626 packages (3.9%) will be revoked before the auction begins, accounting for 12.9% of the final offer. 37143 bags are closed.

　　
This week the financial market has been much more stable this week, though uncertainty still exists. The key exchange rate has increased slightly.

　　
This week, the Aussie dollar and the US dollar showed good prices, and the market ended up strong. Last Friday evening, China's business volume was very large. Chinese importers used the US dollar exchange rate to the lowest level since last September, and the EMI dollar price has been actively buying compared with the 157 highest price in mid January. Demand is booming, and prices have risen for two consecutive days. The prices of all microns and wool have been rising, and wool is increasing and demand is booming.

　　
The demand for wool is strong and prices are rising for two days, especially in the northern market. Miscellaneous wool has been in good demand for several weeks. The average AWEX MPGs trend has not risen or fallen, 26 microns rise 1%, 30 microns rise 2.2%. For the first time in a few weeks, the demand for wool broke out, and the average AWEX Merino price index rose 8 Australian cents (+1.4%). The previous 8 consecutive trading days fell 96 Australian cents (14.4%).

　　
This week, Chinese buyers again dominated the market, followed by buyers from India and Europe.

　　
Next week, Sydney, Melbourne and Freeman will open the market. The current registered source is 34791 bales. At present, it is estimated that the sales volume of two sales days is 26645 and 37800 packs respectively, which is 29.7% higher than that of last year's sales day of. As a result of the fifty-first week last year, the number of goods sold was very small, which was 17206 packages.

　　
In South African market sales, Cape Town wool index decreased by 5% from the first two weeks, Rand declined 4.3% against the US dollar and depreciated 1.2% against the euro. 8743 packages of goods are quoted.
 

Source: garment engineering network