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ReturnPrice hiked sharply (Oct. 19-Oct. 26,2005)
Author：
admin
PublishDate：
2005-10-26 17:09:00
Hit：
556
There were no reviews for the last week because the author attended China International Silk Fair.
Electronic contract market prices rose sharply due to the really-existing gap between supply and demand and the influence of Guangzhou Fair and Hangzhou Fair. However, electronic prices are lower than spot prices at current time.
Change Open-close prices Net position
Raw Silk for Nov. 2005 6300yuan/ton 226400---232700 536
Raw silk for March 2006 4500yuan/ton 225200---229700 2372
Dried Cocoon for Nov. 2005 2000yuan/ton 72600---74600 24
Dried Cocoon for March 2006 1000yuan/ton 71900---72900 4214
In CCSE spot market, high grade raw silk yarn is rated at about 250000 yuan and raw silk 3A originated from Zhejiang about 237000 yuan. Export price to India has raised to USD27.5 and some Indian importers has accepted it. As for silk fabric, prices are about one yuan per meter higher compared to the the time before Guangzhou Fair.
Electronic contract market prices rose sharply due to the really-existing gap between supply and demand and the influence of Guangzhou Fair and Hangzhou Fair. However, electronic prices are lower than spot prices at current time.
Change Open-close prices Net position
Raw Silk for Nov. 2005 6300yuan/ton 226400---232700 536
Raw silk for March 2006 4500yuan/ton 225200---229700 2372
Dried Cocoon for Nov. 2005 2000yuan/ton 72600---74600 24
Dried Cocoon for March 2006 1000yuan/ton 71900---72900 4214
In CCSE spot market, high grade raw silk yarn is rated at about 250000 yuan and raw silk 3A originated from Zhejiang about 237000 yuan. Export price to India has raised to USD27.5 and some Indian importers has accepted it. As for silk fabric, prices are about one yuan per meter higher compared to the the time before Guangzhou Fair.
