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ReturnQuiet trading still seen in CCSE markets (Sept. 7, 2005)
Author：
admin
PublishDate：
2005-09-08 09:00:00
Hit：
545
Electronic contract market trading was still quiet on Wednesday. It seemed that both sides’ strength was balanced. Almost all delivery months were consolidating within narrow ranges controlled by invisible forces recently. Maybe it should be paid more attention.
Change Range Net position
Raw Silk for Sept. 2005 -600yuan/ton 203600---204800 558
Raw silk for March 2006 0 201200---202400 1610
Dried Cocoon for Sept. 2005 -300yuan/ton 62400---62900 62
Dried Cocoon for March 2006 -300yuan/ton 63600---64000 2124
As stock was weak in marketing areas before main cocoon producing areas’ harvesting time, the sales and production ration was at a relatively high level, that is to say, there was little stock in the mills currently. It’s an effectively factor to prevent silk reeling millers from active underselling.
Change Range Net position
Raw Silk for Sept. 2005 -600yuan/ton 203600---204800 558
Raw silk for March 2006 0 201200---202400 1610
Dried Cocoon for Sept. 2005 -300yuan/ton 62400---62900 62
Dried Cocoon for March 2006 -300yuan/ton 63600---64000 2124
As stock was weak in marketing areas before main cocoon producing areas’ harvesting time, the sales and production ration was at a relatively high level, that is to say, there was little stock in the mills currently. It’s an effectively factor to prevent silk reeling millers from active underselling.
