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The price and volume of cocoon and silk electronic contracts in CCSE continued to go up. The cost of cocoon and silk broke records this week.
Aug. 2005 Raw Silk 3A opened at 200900Yuan per ton and closed at 208400yuan-- the highest price this year, with 334 hands were traded.
March 2006 Dried Cocoon opened at 61900 Yuan and closed at the highest price of 64600Yuan, with 2866 hands were traded.
Physically this week, spot price in CCSE kept the up-going trend. Raw silk oriented from Sichuan Province was quoted at about 203000Yuan per ton. Raw silk oriented from Zhejiang Province and Jiangsu Province was quoted at 205000Yuan and even higher.
The raw silk price were pushing silk fabric price up. The sales of thin silk fabric began declined, but the sales of thick fabric for autumn clothes picked up this week.