Chinese buyers dominate the Australian wool market

Chinese buyers dominate the Australian wool market
Australian wool market this week, closing down auction in Sydney, Melbourne and Fremantle, the average price of the wool fell by 0.3%, a 2.3% decline in the U.S. dollar.

This week, AWEX eastern market index fell by 4 ¢ (-0.4%), to 916 ¢ / kg clean closing; northern market index fell 8 ¢ (-0.8%), 944 Australia, / kg clean wool closed; The southern market index remained unchanged at 892 ¢ / kg clean wool closed; Northwest market index remained unchanged at 929 ¢ / kg clean wool closed. Conducted a two-day auction in Sydney and Melbourne this week, the eastern market index rose 6 cents on Wednesday, fell 10 cents on Thursday. The northern market index on Wednesday rose 2 cents, down 10 cents on Thursday; southern market index rose 11 cents on Wednesday, fell 11 cents on Thursday. The western market index rose on Wednesday, 7 cents, down 7 cents on Thursday. The two-day auction in Fremantle.

the AWEX eastern market index measured in U.S. dollars, down 22 cents, euros measure down 10 cents.

this week, the number of wool auction provides up to 48,858 packages (last week provided 48,環境問題,183 package), 9.8% turnover, of which 5.1% in Sydney,health, Melbourne 7.3% did not turnover, 19.6% in Fremantle. Merino fleece and skirtings not turnover rate of 13.4% and 4.1%, respectively. Before the start of the auction, in which the desired 49,727 bales of wool to provide the amount of 869 packets (1.7%) were withdrawn prior to sale of wool. Re-offered wool accounted for 10.3% of this week, the final amount. This week, 44,078 bales were traded.

this week, the exchange rate fell Much of this is due to the Reserve Bank on Tuesday to keep official interest rates unchanged, the move surprised the other most analysts and economists. From last Thursday to Monday, the U.S. dollar fell 1.79 cents, again dropped 0.29 cents on Tuesday, up 0.47 cents on Wednesday, down 0.44 cents on Thursday, to close at 88.05 U.S. cents, 2.05 cents lower than last week (-2.3%) Australian dollar exchange rate with the euro fell on Monday by 0.67 cents, down 0.37 cents on Tuesday, rose 0.16 cents on Wednesday, fell 0.01 cents on Thursday , to close at 63.40 cents lower than last week's closing price of 0.89 euro cents (-1.4%).

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