The final sale of the wool selling season was held this week at Australian wool auctions. Whilst the EMI (Eastern Market Indicator) concluded the week at levels of 10ac/clean kg lower at 1221ac/clean kg, it was the strong finish on the final day that gave positive signals that the market slide has been arrested for the time being.
Buyers took to the relatively large offering available on the final day with gusto, with widespread buying interest being evident. Renewed interest was forthcoming from India and Europe, and to a lesser extent China, which was possibly distracted by the share market ructions in their country. Top makers from all areas also appeared to be keener in their purchasing.