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With the coming cocoon crop in south China and silkworm seed distribution in middle and north China, this week cocoon and white silk filature prices further dropped to seek balance. White silk filature 3A priced between 275,000-280,000 yuan per ton. As for silk fabric, the sales seemed flat due to the price drop in white silk filature. Satin plain 14654 and Chine 12102 sell well.

In CCSE electronic contract market, dried cocoon and raw silk prices dropped sharply. Key Sept. dried cocoon dropped from 75500 yuan per ton to 71500 yuan, down 4000 yuan, key Sept. raw silk closed at 226400 yuan per ton, down 15000 yuan.