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Followed by the rise last week, cocoon and silk products prices, especially materials prices, still hiked strongly in CCSE spot market. Raw silk 20/22D 3A rated between 305,000-310,000 yuan per ton. Silk fabric prices rose by about 0.5 yuan per meter higher than last week.

In CCSE electronic contract market, back months were traded actively. Prices seemed much higher than last weekend. Most traders kept optimistic toward the market sentiment in the coming months.

This week silk prices hit new high again. The deeper economic reason seems to be behind the price hike or price deregulation.