Tag Archives: Market Watch

Gym Matts and Gym Matting

Market Watch Gym Matts and Gym Matting

It is that time of the week to see how the markets are going. There has been a lot of volatility in the markets lately and for the first time it can not be blamed on either Donald Trump or his trade war with China. This time the volatility can be blamed on fluctuating commodity prices and under-performing bank stocks. These are just business management issues and supply and demand issues. They are the same issues that effect all markets, including the markets for Gym Matting and Gym Matts. In fact gym matts are like the canary in the coal mine when it comes to the health of the economy. When people feel good or want to feel good about themselves they buy more mats. When they no longer feel good about themselves they generally buy less gym matts, especially if their financial health has been effected in some way.

From a local economy perspective another good indicator of how good we are doing is the AUD or Australian Dollar. If the dollar is doing good then you can assume that the economy is also doing good. If it is doing back then the vice versa can be assumed. So if you look at the AUD vs USD, it  fell for the seventh time in eight days since hitting a four month high last week. This would be indicative of negative sentiment towards the AUD due to lost confidence in the economy. Usually  if things are looking up then money floods in because investors think that interest rates will go up thus increasing their return. It becomes like a supply and demand thing where more people want to buy something which is intrinsically in short supply. Just as with gym matts and gym matting.

Tatami Mats and MMA Mats more expensive

Market Watch Gymnastics Mats And Tatami Mats

The Australian Dollar recorded its first weekly decline since September 23rd, this was despite hitting a six week high of 0.6882 early in the week. The US dollar has been the strongest of the major currencies in the recent past. This was due to a whole heap  of encouraging corporate earnings results. Indeed the US economy continues go from strength to strength even after the numerous trade wars they are fighting on multiple fronts. The Australian economy is also doing better after recent rate decreases and the RBA has expressed positive sentiment. As a result the chances of another rate decrease has fallen over the short term.

So it seems that the AUD might have hit a bottom, at least for the short to medium term. Most economists are predicting that there will not be anymore rate cuts in the foreseeable future. What this means for gymnastics mats and tatami mats should be positive. Generally the price of gymnastics mats and tatami mats have been increasing over the past two years as the dollar has gradually dropped. This is to be expected and would have been the experience across the board with imported products.

Gymnastics mats have become increasingly popular over time as people have gone back to exercising. Especially in the eastern, southern, western and northern states there has been a resurgence in exercise activities. That would indicate that the whole country is moving towards a more healthy lifestyle, which would be a positive development. The same can be said about tatami mats, which are similar to gymnastics mats but are used more in martial arts. and similar activities.

Training mats in general have seen a positive effect since the currency has stabilised. Although there is still lots of volatility in the stock markets, the currency markets have experienced a period of limited movement. This is true about the AUD vs the USD and other currencies as well. As long as this persists the price of tatami mats and gymnastics mats should be good as well. The rate of inflation has been subdued over the last few years which explains why prices have not risen so much despite currency fluctuations.

interlocking eva jigsaw mats

Market Watch EVA Foam Mats

Donald Trump’s recent moves with tariffs and trade barriers have had a remarkable effect on the US dollars value against other currency. This has been accompanied with severely fluctuating equity markets which have been spoked by the prospect of a trade war with China and America’s other trading partners. All of this has had an effect on USD / RMB exchange rate with the Chinese currency climbing against the USD. 

When the USD loses value against the Chinese currency it inevitably leads to a rise in manufactured goods as they become costlier in USD value. Fortunately the USD / AUD exchange rate hasn’t fluctuated so much so that the rise in imported goods from China have not risen so much. The same can be said about EVA foam mats which have also been effected by recent market fluctuations. Although Ezymats have been able to absorb some of the price rises there has been an effect on the price of 40mm EVA foam mats.

There is a likelihood that the recent moves by the Trump administration is just a bargaining plow designed to extract better trade deals for the USA. If that is the case then it is hoped that the currency fluctuations and general market fluctuations will settle down and the effect on EVA foam mat pricing with be limited.

 

Roko

Market Watch

AUD stabilised against the US dollar for the first time in two week as most commodity prices rose, led by oil. A projected OPEC supply cut led crude to a November high, up 4.3%. Our chief commodity iron ore was lower. Iron ore dropped 3.4% to $70.34 a ton as Chinese port stockpiles rose to a two year high. The forecasts for average prices of $58 this quarter and $50 in 2017.

A lower Australian dollar leads to;

  • Higher price for imported goods.
  • Increase change of interest rise.
  • Less money in the bank for most of us.
  • Higher prices for interlocking jigsaw mats.

Hopefully stability will persist in the Australian economic environment.