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Today is the last trading day of October delivery month. Most months of raw silk were traded very actively while the trading of dried cocoon was most concentrated on March’06 as ever. Oct delivery month closed at 224000 yuan for raw silk and 71000 yuan for dried cocoon, both are the highest last settlement price in CCSE history.

Stock in producing and marketing areas was samll. Without adding supply, cocoon and silk price will hardly go down. Given the sales situation presently, the firm prices movement are extremely significant in production areas, according to which most of the dealers adjusted their pricing.
　
　　　　　　　　　　Change 　　Range Net position
Raw Silk for Oct. 2005　　　900yuan/ton 222500---224300　716
Raw silk for March 2006　　1800yuan/ton 224300---227000 2292

Dried Cocoon for Oct. 2005　 400yuan/ton 70600---71000　 44
Dried Cocoon for March 2006　 600yuan/ton 71700---72500　3252