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Electronic transaction market in CCSE seemed quiet today. Cocoon and raw silk prices eased in morning sessions, then pulled back in afternoon sessions and finally concluded almost at yesterday’s close. March Dried Cocoon was still active recently, with anticipated delivery volume (position also called ) maintaining at the level of 2200 hands more or less. Given the lack of physical selling pressure, the trading of Sept. Raw Silk and Dried Cocoon will probably end with mild consolidation.

　　　　　　　　　　　Change 　　　Range 　　Net position
Raw Silk for Sept. 2005　　　 0 　203600---204500　458
Raw silk for March 2006　　　-600yuan/ton　201500---202400　1618

Dried Cocoon for Sept. 2005　 -200yuan/ton 62700---63000　　　62
Dried Cocoon for March 2006　 0　 63400---64000　　2224

In the CCSE spot market, raw silk originated from Sichuan and Guangxi is quoted between 203000 and 209000 yuan per ton, while raw silk from Zhejiang and Jiangsu 205000-215000 yuan. Prices of doupion silk and spun silk went lower slightly. However, the trading volume was improved compared to some days ago.