Australian wool industry analysts predict that China’s strong demand for Australian wool and tight supply will boost wool prices in 2012.
Although the price of wool fell during the weeks before the Christmas vacation, the closing price of the market stayed at a high point.
The year-on-year comparison between 2011 and 2010 shows that the price of coarse wool has increased. As of mid-December 2011, the auction price for all coarse-grained wools with a fineness of 19 microns and over 19 microns was higher than the closing price at the beginning of the year, and the price of coarse-grained wool with a fineness exceeding 19 microns increased by 32%. However, compared with a year ago, the price of fine-grained wool with a fineness of less than 19 microns had fallen, with 17.5 micron wool prices falling by 8.1%.
At present, wool producers, exporters, and processing companies are anxiously waiting for the development of the wool market when they open next month.
Peter Morgan, executive director of the Australian Wool Processing and Export Council, said that buyers will still face tight wool supplies this year.
He said that due to the tight market supply, this year's ranch-produced new wool and inventory pressure wool were listed almost at the same time, which will lead to a tighter supply of wool from January to June 2012, and it is expected to be lower than the same period in 2011. Supply.
He pointed out that China's domestic wool market will likely continue to rise, but cotton prices will decline, which may have a negative impact on the wool market. In addition, global economic confidence will also have a certain impact on the wool market and its movements.
Morgan also said that the decline in the price of ultra-fine wool may not be attributed to the debt problem of euro zone member countries, because Italy is still the largest buyer of ultra-fine wool as a country with a heavier debt burden.
He also believes that the higher price of wool in 2010 may be a rebound after a few years of market recession.
At the same time, National Australia Bank predicts that wool prices for 2011/2012 will average 11.39 AUD/kg. So far, the market price in eastern Australia in 2010/2011 averaged 12.33 Australian dollars/kg, which was a year-on-year increase of AU$3.02/kg.
Khan Horne, general manager of the Australian National Bank's Agricultural Department, said Australian wool prices will remain at record highs next year, but will face considerable headwinds.
Although the price of wool fell during the weeks before the Christmas vacation, the closing price of the market stayed at a high point.
The year-on-year comparison between 2011 and 2010 shows that the price of coarse wool has increased. As of mid-December 2011, the auction price for all coarse-grained wools with a fineness of 19 microns and over 19 microns was higher than the closing price at the beginning of the year, and the price of coarse-grained wool with a fineness exceeding 19 microns increased by 32%. However, compared with a year ago, the price of fine-grained wool with a fineness of less than 19 microns had fallen, with 17.5 micron wool prices falling by 8.1%.
At present, wool producers, exporters, and processing companies are anxiously waiting for the development of the wool market when they open next month.
Peter Morgan, executive director of the Australian Wool Processing and Export Council, said that buyers will still face tight wool supplies this year.
He said that due to the tight market supply, this year's ranch-produced new wool and inventory pressure wool were listed almost at the same time, which will lead to a tighter supply of wool from January to June 2012, and it is expected to be lower than the same period in 2011. Supply.
He pointed out that China's domestic wool market will likely continue to rise, but cotton prices will decline, which may have a negative impact on the wool market. In addition, global economic confidence will also have a certain impact on the wool market and its movements.
Morgan also said that the decline in the price of ultra-fine wool may not be attributed to the debt problem of euro zone member countries, because Italy is still the largest buyer of ultra-fine wool as a country with a heavier debt burden.
He also believes that the higher price of wool in 2010 may be a rebound after a few years of market recession.
At the same time, National Australia Bank predicts that wool prices for 2011/2012 will average 11.39 AUD/kg. So far, the market price in eastern Australia in 2010/2011 averaged 12.33 Australian dollars/kg, which was a year-on-year increase of AU$3.02/kg.
Khan Horne, general manager of the Australian National Bank's Agricultural Department, said Australian wool prices will remain at record highs next year, but will face considerable headwinds.
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