The current mixed market signals continued into this week’s selling at Australian wool auctions. Each individual centre appeared to operate independently of each other and became separate markets within a market. In the Merino sector, Melbourne prices were cheaper, Fremantle strengthened and Sydney was by and large, firm unchanged. Crossbreds in the eastern states were more consistent with 29 micron and finer fully firm to dearer, whilst the downward trend on the very small offering of 30 micron and broader continued. The AWEX EMI (eastern market indicator) gradually decreased throughout the week by 6ac/clean kg per day to close 12ac lower at 1522ac clean kg. Most of these reductions centred from Melbourne. An indication of the willingness of demand was the USD EMI which went to the positive and rose 7usc/clean kg to 1135 usc/clean kg.
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