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After yesterday’s consolidation, electronic contract market prices in CCSE closed higher on Friday, with active March 2006 for Dried Cocoon and Raw Silk closed at 64600 Yuan and 205400 Yuan respectively. The lack of bearish news from spot market pulled up the electronic prices.

Physically, the performance in CCSE spot market kept stable at recent levels and the raw silk holders were not willing to concede in prices.
　　　　　　　　　　　　　Change 　　　Range 　　Net position
Raw Silk for Sept. 2005　　　1500/ton　　204800---206600　　508
Raw silk for March 2006　　　1200/ton　　203300---205400　1836

Dried Cocoon for Sept. 2005　200/ton　　　62900---63700　　　112
Dried Cocoon for March 2006　300/ton　　　64000---64800　　2104