The AWEX EMI added 26c pushing into new EMI highs at Auction Sales in Australia this week.
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The EMI now sits at 1546, continuing the frantic buyer activity on the superfine lots on offer. It seems that the finer the micron, the better the price, which was a trend almost given up on by the industry until this recent 4 month surge in fine wool prices. The best performances this week were in the 18.5 micron and finer categories, which posted from 60-100c gains for the week.