I. Australian wool sliver price trend
According to the business club price monitoring, this week, the price of the Australian wool top market is stable. As of now, the Australian wool self-finish strip market for 70s is quoting at 117,400 yuan/ton, which is the same as the price at the beginning of the week and is up 27.96% year-on-year.
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II. Market Analysis
This week, the Australian and Australian wool top markets have been operating smoothly, and manufacturers’ prices have basically remained unchanged. Due to weather conditions, downstream demand is not high, and market transactions are mostly based on the need for small orders. Up to now, the mainstream price of Australian wool self-finish slivers for 70s has been around 122,000-123,000 yuan/ton, which is scattered at both high and low levels.
The downstream yarn market is dominated by a smooth transition. The overall market transactions show a “shrinkage†trend, but the price movements are less volatile. Judging from the trend of market varieties, the trading volume of the market in the mainstream Australian gross knotless yarn continued to decline compared to last week. The price trend of the Australian eye yarn showed a steady market, and the trading volume was flat compared with last week.
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III. Market Forecast
Business Society analyst Liu Hongyan believes that from the perspective of the production of downstream flat knitting machines, as the weather turns hot, the transactions in the sweaters market gradually fade, resulting in the continuous reduction of the actual demand for raw materials of wool yarn, and insufficient support for the demand side. It is expected that the overall price of the top bristles next week Still the main trend of shrinkage, the price or continue to steadily organize.
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