Search
Info Center
Home > Info Center > CCSE Review
Return
ReturnPrice rose slightly, concerned about spot market(Aug. 23, 2005)
Author：
admin
PublishDate：
2005-08-23 16:53:00
Hit：
573
Electronic contract market prices rose slightly in CCSE on Tuesday after the bounce of yesterday. The increase of anticipated delivery volume (position also called) in back months indicated some new capital has entered the market. However, the price gap between front months and back months still exists due to the emotion hampered by the unclear situation in the latter half of this year and next year.
Change Range Net position
Raw Silk for Sept. 2005 0 205700---204500 534
Raw silk for March 2006 1200/ton 201200---203600 1780
Dried Cocoon for Sept. 2005 200/ton 62600---62800 112
Dried Cocoon for March 2006 300/ton 63000---63600 2310
Physically, raw silk originated in Sichuan Province is quoted between 208000 Yuan and 212000 Yuan per ton, and raw silk from Zhejiang and Jiangsu between 213000 and 218000 Yuan. As compared with electronic market, spot market seems more stable.
Change Range Net position
Raw Silk for Sept. 2005 0 205700---204500 534
Raw silk for March 2006 1200/ton 201200---203600 1780
Dried Cocoon for Sept. 2005 200/ton 62600---62800 112
Dried Cocoon for March 2006 300/ton 63000---63600 2310
Physically, raw silk originated in Sichuan Province is quoted between 208000 Yuan and 212000 Yuan per ton, and raw silk from Zhejiang and Jiangsu between 213000 and 218000 Yuan. As compared with electronic market, spot market seems more stable.
