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Cocoon and raw silk electronic contracts in CCSE ended sharply higher continuing the upward trend with increased trading volumes. But net positions couldn’t be enlarged remarkably compared to last week.

Aug. 2005 Raw Silk opened at 208400and closed 10000 Yuan higher than last week at 218600 Yuan, with 250 hands were traded.
March. 2006 Dried Cocoon opened at 64600 Yuan and closed 3100 Yuan higher than last week at 67700Yuan, with 2684 hands were traded.

For now, the CCSE market seems more sensitive to the demand side. But the impact of this rise is now felt in silk millers and other industry chains.The market prices shall keep a close eye on changes of export conditions and policy measures.