Positive price results were achieved again at this weeks Australian wool auctions. Essentially it was the superfine Merino sector that lead the price escalation, but pleasingly, compelling gains were also made at the finer end of the crossbred segment. Purchasing activity saw the two most influential and largest operators strike the offering and top the buyers lists. Australia’s largest wool trader and China’s largest indent buyer were dominant in the sale rooms, and combined totals saw them acquire around 38% of the Merino fleece sold. By the close of selling the AWEX Eastern Market Indicator (EMI) settled at a new record of 1522ac clean/kg by registering the 22ac weekly gain. In USD terms, the EMI retracted by 4usc to 1144usc clean/kg on the back of a 2% weaker Australian dollar against the US dollar.