Australian wool auction sales tracked to a widely expected path this week as the major sector types were chased early in the week, followed by slight easing. Short covering by forward sold exporters and strong indent buying from one large Chinese operator featured strongly on the first day, whilst the final day saw the same strong interest from the indent buyer, but two or three of the larger exporters pulled back significantly in their purchasing intensity, causing some price subsidence in the major long wool segments. At the close of selling the EMI (Eastern Market Indicator) had eased back slightly by 2ac/clean kg for the week to finish the series at 1249ac/clean kg. The EMI remains at levels almost 20% better than at the same time last season.
Click here to access AWI's Wool Weekly Market Report (PDF 576KB)