Rose continuously (Sept.13, 2005)
Author:
admin
PublishDate:
2005-09-14 09:00:00
Hit:
526
Electronic market prices ended higher in Tuesday continuing the hike yesterday. Prices of back months higher than front months indicated that the buyers’ confidence is increasing gradually.
Change Range Net position
Raw Silk for Oct. 2005 1800yuan/ton 205700---207800 542
Raw silk for March 2006 1200yuan/ton 206600---209000 1642
Dried Cocoon for Oct. 2005 200yuan/ton 63800---64200 16
Dried Cocoon for March 2006 200yuan/ton 65400---66000 2302
Physically, offers rose about 2000 Yuan per ton compared to last weekend with mild volume, corresponding to the raised electronic market prices.