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Electronic market prices went up slightly with no big changes on Friday.Sept.’05 and March’06 Raw silk respectively closed at 205400 Yuan and 203300 Yuan per ton. The continuing reduction of Sept.’05 anticipated delivery volume (position also called ) indicated the current price was acknowledged by both sides and participants chose to liquidate at current prices. But divergence still existed in the supply and demand relation in the later months, which didn’t lighten as it entered September.

　　　　　　　　　　　　Change 　　　Range 　　Net position
Raw Silk for Sept. 2005　　　 +600yuan/ton　204800---206300　404
Raw silk for March 2006　　　+1200yuan/ton　202100---204200　1658

Dried Cocoon for Sept. 2005　 +100/ton　　　62200---62800　　　62
Dried Cocoon for March 2006　0　　　 64100---64500　　2328