Australian wool auction markets surged further into record territory again this week as buyers took to the selection on offer with gusto. Widespread belief in the price abounded pre sale, as many trade participants reported most of, if not all, stock lots being held by exporters and Chinese based traders selling at full market rates. All destinations were keen to take whatever was available. India and Italy were interested, but it was mainly the wool starved mills of China that were hitting the exporters up for quantity. As a result of the intense trading action, all wool sectors appreciated by varying margins which saw the market lift 51ac clean/kg to the highest ever level in the AWEX Eastern Market Indicator (EMI) of a neat 1500ac clean/kg, a 3.5% weekly gain.