When is the wool soaring?
This week Australian wool auction prices ushered in a surge. The EMI of the eastern market index continued to reach a record high of 1,546 AU/kg, with a weekly increase of 1.58%. This increase is not very high. However, given that the Australian dollar appreciated 2.18% against the US dollar this week, it is up 3.79 in USD. %, to close at 1187 US dollars / kg, results bright eyes everyone! Click to buy cashmere sweater RMB-denominated prices also rose sharply this week, successfully surpassing the 80 yuan mark, closing at 81.84 yuan/kg, which was an increase of 2.71 yuan/kg compared with last week. Compared with 59.54 yuan/kg in the same period of last year, it rose by as much as 37.5%! This week, the Australian wool supply was 42,732 bales, with a volume of 39,866 bales and an outflow rate of 6.7%. Click to buy cashmere sweater From the perspective of the auction prices of various types of wool, the high-quality fine-branched wool is still more popular, with the largest increase, while the coarse-grained wool has performed in a general manner, rising and falling. The number of wool auctions reached 51,255 bales next week, an increase of more than 13,000 bales compared to the same period of last year. This is to increase the supply of goods and to keep prices from rising too fast. On the other hand, it hopes to sell more at high prices. Click to buy cashmere sweater This year, Australian wool production has increased by 3% compared to last year. This year, the number of auctions of wool has increased by 6% from the same period of last year. However, the auction price has indeed accelerated, and it seems that the demand is really strong. A higher price increase for high-quality fine-grained wool also indicates the market's recognition of wool raw materials. But how long will this increase last, or will it turn around? Let's wait and see! Want to learn more about cashmere sweater: accessible Pay attention to WeChat public number "Cashmere sweater industry platform" to learn more about cashmere sweater information The blended yarn count is 2/26nm,the content is 70% wool and 30% cashmere,and there are 3 kinds of GAUGE,including 7GG,9GG,12GG.Common product types are Wrosted Yarn,Cone Yarn for Knitting Machine,Blended Yarn,Yarn for Knitting Machine,Cashmere Wool Yarn ,Wool Cashmere Yarn and etc. Blended Yarn,Wool Cotton Blend Yarn,Wool Alpaca Blend Yarn,Wool Blend Yarn Zhejiang Yijue Import And Export Co., Ltd. , https://www.yijuecashmere.com
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