Dragged down by unclear later market situation ( Aug. 29—Set. 02, 2005)
Author:
admin
PublishDate:
2005-09-02 16:59:00
Hit:
559
The following was the characteristics of transaction pattern this week: First, the volatility was mild and the prices went back and forth around the sensitive points. Second, the pattern was still following the direction of spot market. Third, the business activities indicated that the buyers and the sellers were uncertain of the later market. Forth, the traded volumes at spot markets were thin.
Change Range Net position
Raw Silk for Sept. 2005 -1200yuan/ton 202100---206600 404
Raw silk for March 2006 -2100yuan/ton 199100---205400 1658
Dried Cocoon for Sept. 2005 -800yuan/ton/ 61900---63700 62
Dried Cocoon for March 2006 –500yuan/ton 62500---64600 2328