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Following the raise trend as last week (Sept. 19, 2005)
Author:
admin
PublishDate:
2005-09-19 17:10:00
Hit:
546

Electronic transaction market continued to rise in CCSE Monday, following the upward tendency started from last week. However, the anticipated delivery volume (position also called ) didn’t enlarge correspondingly. The opinion of both sides diverged at the gradually rising prices with the upcoming October.

Physically today, offers were steady higher compared with last week and accepted by traders and importers. Purchase volume enlarged, which firmed the spot prices.

            Change    Range   Net position
Raw Silk for Oct. 2005    1500yuan/ton 211100---212600 548
Raw silk for March 2006   1200yuan/ton 212900---214700 1674

Dried Cocoon for Oct. 2005  -100yuan/ton 64400---64700  16
Dried Cocoon for March 2006  400yuan/ton 66600---67200  2202
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