On May 1, 2026, new changes were reported in the international and domestic wool markets simultaneously. The global supply of high-quality fine wool has tightened, and prices have remained high and firm.
Australian Merino fine wool The auction market continues to strengthen, with quotes for ≤19.0μm high-end Merino wool continuing to set new highs. The indicator price in the eastern market has increased by as much as 38.5% year-on-year. The international wool price increase trend is very clear. Driven by the international market, the spot price of domestically imported Australian wool has risen simultaneously, with a year-on-year increase of more than 50%, and the cost support of high-end worsted yarn has been strong.
The domestic wool market is also steadily improving. The quotations of ordinary wool in Qinghe, Hebei and other distribution centers are running smoothly. Fine-grained domestic wool has slightly increased following the Australian wool market. The market buying and selling atmosphere has gradually recovered. Overall, the shrinking pattern of global wool supply is difficult to change in the short term, and wool prices will remain strong in the market outlook.