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ReturnClosed lower and continued consolidation (Sept. 5, 2005)
Author：
admin
PublishDate：
2005-09-05 17:11:00
Hit：
545
CCSE electronic market prices continued to consolidate on Monday. It is noteworthy that anticipated delivery volume (position also called) of current delivery month-Sept. 05 Raw Silk was enlarged today and the trading volume of Raw silk months was much larger than that of Dried Cocoon.
The current price movement is still controlled by supply and demand. People are waiting to see if the current consolidation status will be broken or not during the middle-autumn cocoon production time. On the whole, the consolidation trend would still dominate the market.
Change Range Net position
Raw Silk for Sept. 2005 -1200yuan/ton 203600---205700 500
Raw silk for March 2006 -900yuan/ton 201500---203900 1696
Dried Cocoon for Sept. 2005 0 62800---62900 62
Dried Cocoon for March 2006 –200yuan/ton 63600---64100 2278
The current price movement is still controlled by supply and demand. People are waiting to see if the current consolidation status will be broken or not during the middle-autumn cocoon production time. On the whole, the consolidation trend would still dominate the market.
Change Range Net position
Raw Silk for Sept. 2005 -1200yuan/ton 203600---205700 500
Raw silk for March 2006 -900yuan/ton 201500---203900 1696
Dried Cocoon for Sept. 2005 0 62800---62900 62
Dried Cocoon for March 2006 –200yuan/ton 63600---64100 2278
