Quantity reduced to 36,302 bales and from the opening lot buyer competition was intense.

On the first day of selling, prices across the nation increased by an average of 110 to 160 cents.

The rises were realised across all microns and over the entire facet of types.

Some small faults were increasingly overlooked, as buyers attempted to secure meaningful quantity, in the rapidly rising market.

The benchmark Eastern Market Indicator (EMI) added 99 cents, the largest daily rise in the EMI since 2002.

This increased the EMI to 2089 cents, easily surpassing its previous high of 2073 cents, set in June of this year.

The second day of selling was more subdued than the previous day, although the market continued to track upward, just not at the same frenetic pace that was witnessed on day one.

All types and descriptions generally rose by another 20 to 50 cents, pushing the Eastern Market Indicator a further 27 cents into uncharted territory.

The 126 cents that the Eastern Market Indicator added for the series was also the largest weekly increase since 2002.

Worth noting, the regional market indicators, and the individual micron price guides (MPG) for 18.0 through to 21.0 micron, rose to unprecedented levels in all three selling centres.

The skirtings followed a similar path to the fleece, prices generally rose by 50 to 100 cents for the week.

The crossbred sector also posted significant gains of 60 to 90 cents.

A limited offering of oddments generally rose by 40 to 80 cents.

Fremantle has a recess in Week 8, which has contributed to a further reduction in the national quantity.

Currently, there are 29,813 bales on offer in Sydney and Melbourne.

Week 8 is also host to the annual Wool Week.