The Australian wool market has continued to decline this week, with all sectors of the market recording losses. The national quantity increased to 33,176 bales. Compared to the corresponding sale of the previous season there has been 2,122 more bales offered through the auction system, an increase of 1.2%. On the first selling day only Sydney and Melbourne held sales, as Fremantle only required one selling day. The merino fleece Micron Price Guides (MPGs) fell by 10 to 42 cents for the day. The merino losses combined with losses in the other sectors pushed the AWEX Eastern Market Indicator (EMI) down by 25 cents. The market tracked further downward on the second day of selling. The Eastern states MPGs posted further losses of between 12 and 57 cents. As the Fremantle region was yet to realise the losses of the previous day, the falls in the Western region were higher, between 69 and 89cents. The EMI lost another 34 cents, dropping by 59 cents for the series, to close the week at 945 cents, this equated to a 5.9% reduction. The EMI is now at its lowest point since October 2012. Due to currency movement, when viewed in USD terms the fall in the EMI was not as large, the EMI lost 30 US cents, dropping to 685 US cents, a 4.2% reduction. The crossbred MPGs fell by 29 to 58 cents, compounding the losses to the EMI. After suffering heavy losses over the previous two series, the oddments recorded the smallest falls this week. Locks, stains and crutchings generally fell by 20 to 40 cents, pushing the three Merino Carding Indicators (MC) down by an average of 26 cents. The national offering reducing next week, due in part to the fact that the Fremantle region does not have a sale. Currently, there is 22,436 bales available to the trade, with only Melbourne and Sydney in operation.