The fine and coarse indices diverge, and the gap is the point: a worsted spinner and a carpet yarn spinner are not buying the same commodity even though both are buying wool.
1,601 US cents per kg ↓ 5.48%
Settled 2026-07-01
Against a week ago (2026-02-01): ↑ 8.72%
Against a month ago (2024-09-01): ↑ 75.85%
Against a quarter ago (2021-02-01): ↑ 30.63%
415 observations held, 1992-01-01 to 2026-07-01.
Where these figures come from
- Wool, fine (monthly) — International Monetary Fund via FRED, PWOOLFUSDM, observed 2026-07-01. the day's published table
Read this first. These are settlement prices from the Zhengzhou Commodity Exchange — the Chinese domestic market, in yuan per tonne, for a dated futures contract. They are not Cotlook A, not a world price, and not what a trader paid for a bale this morning. They are carried because China spins more than anywhere else, so the direction is the market’s direction even where the level is not.