A large adjustment to ruling price levels occurred this week at Australian wool auctions, and all to the negative mainly. Almost all wool categories were affected to some degree apart from the carding types which continue to run their own course and are seemingly immune to all other sector's movements. In fact, the cardings appreciated a few cents for the sales. The AWEX EMI (eastern market indicator) finished the week 31ac lower at 1525ac/clean kg or a 2% fall. Week on week the AUD strengthened against the USD and at times traded at levels into the 80.5 area as the auctions went ahead. When expressed in USD, the EMI finished the week at 1220usc clean/kg or 1.9% lower.
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