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