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Electronic Market prices cooled down today and chose to consolidate after previous successive rising. Most months raised a little in morning sessions then dropped in afternoon sessions under the effect of profit-taking actions. With regard to front delivery months, duration and space of this leg of rally seems to be regarded in medium term, rather than a short bounce. And the movements of back months shall follow by the activities of front months.

Physically, Zhejiang as a main cocoon-producing region set the purchase price of autumn cocoon at 1100 Yuan per 50 kilograms, 22 per cent higher than last year. Raw silk spot proces still keep stable.

　　　　　　　　　　　Change 　　　Range 　　Net position
Raw Silk for Oct. 2005　　　 -300yuan/ton 212000---212900　536
Raw silk for March 2006　　 -600yuan/ton 213200---214700　1676

Dried Cocoon for Oct. 2005　 100yuan/ton 64500---64600　 16
Dried Cocoon for March 2006　 -200yuan/ton 66800---67600　　2242