Where Will The Future Price Of Australian Wool Go In The Future?

Worldwide prices of hybrid wool and fine wool continue to decline.

In the next few months, the economic situation of the major wool consumer countries will not be significantly changed.

Nevertheless, insiders and experts believe that the price of wool will gradually stabilize.

Price.

The Australian Merino wool export company is a wool export company for Asian and European markets.

Mr. James Thomson said that in recent years, wool prices have climbed all the way and hit a 15 year high.

The current market may be in a period of adjustment, but the decline in wool prices is bigger than we expected.

Mr. Thomson thinks that the wool market, like other commodity markets, often has an overreaction after falling prices.

As China's market demand is weak and gross price rises are hopeless, he believes that wool prices will eventually stabilize after the turmoil.

Mr. Thomson said that if you want to raise the gross price, China

The demand must be strongly regressive, and the return of demand must depend on the substantial increase in exports.

However, under the current low economic situation in Europe and the United States, the possibility of a significant increase in China's exports in the short term is very small.

As long as China buys wool for undertaking foreign trade orders, the price of wool will go up.

It is reported that Chinese enterprises are selling wool at a low price.

Some people say that there is not much left in the stock of Chinese top enterprises, while others say that the inventory of Chinese top stock is quite large. It may take a while to digest it all.

Landmark wool economic focus quarterly report pointed out that the main wool consumer countries' economic situation is "worrying, but absolutely better than 2009".

Western Europe's main consumer markets for clothing and wool include the United Kingdom, Germany, Italy and France, which account for 65% of total sales in Western Europe. The four countries account for 65% of Western Europe's total sales.

The economy of Italy and France will slowly recover, and the economy of the UK and Germany will grow by 3.1% and 2.4% respectively.

Even if market demand is weak, global

The fact that supply will no longer increase will certainly support the price of wool to a certain extent.

According to the Landmark report, about 1/3 of wool will pour into the market every year in September, so the price of wool will continue to bear additional pressure in the next few months. -11