Correction as expected (Sept. 15, 2005)
Author:
admin
PublishDate:
2005-09-15 17:10:00
Hit:
560
Electronic market prices dropped mildly on Thursday, backing off from earlier highs. The decline today was a normal correction after recent sharp gains.
Fundamentally, the spot market keeps stable.
Change Range Net position
Raw Silk for Oct. 2005 -1200yuan/ton 208700---210200 548
Raw silk for March 2006 -2400yuan/ton 209900---212300 1766
Dried Cocoon for Oct. 2005 -300yuan/ton 64100---64700 16
Dried Cocoon for March 2006 -600yuan/ton 65900---66700 2276