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Electronic contract market prices dropped in different levels Monday after the bounce of last week. The market is still awaiting the autumn cocoon harvesting time. The rally strength is just insufficient, which hit the just gathered sentiment. Meanwhile, national spring cocoon harvesting works conference was held today in Hohhot of north’s China’s Inner Mongolia Autonomous Region. Also under the pressure of policy side, the prices closed lower today. However, the previous supports of 200000 Yuan per ton for raw silk and 62000 Yuan for dried cocoon were confirmed by most traders. From the current situation, we can say consolidation is the mainstream for the moment.

　　　　　　　　　　　　　Change 　　　Range 　　Net position
Raw Silk for Sept. 2005　　　-1500/ton　　206600---205100　　514
Raw silk for March 2006　　　-2400/ton　　205400---202700　1726

Dried Cocoon for Sept. 2005　-700/ton　　　63700---62900　　　100
Dried Cocoon for March 2006　-600/ton　　　64600---63500　　2138