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Today is the last trading day of November delivery month, November Dried Cocoon and Raw Silk closed at 232400 yuan and 76000 yuan respectively. Greatly affected by consecutive circulars of the Exchange, both sides of buyers and sellers liquidated their positions at large quantities today. Correspondingly, positions ( advanced delivery volume also called ) reduced almost by 50 pct compared to last Friday. High risk is gradually decreasing.

To protect legal interests of most traders and avoid hidden risk, the Exchange will voluntarily suspend electronic market from Nov.15, and will resume trading as soon as the market sentiment calms down. However, please note it is a short period. And the spot market of the Exchange as well as the taking and making delivery process in electronic market just operated as before. Also we will review our market movement tomorrow just as before.

In CCSE spot market,the trading was active with increasing trading volume,following the large volume of rlectronic market.

　　　　　　　Change Open-close prices Net position
Raw Silk for Nov. 2005　-2100yuan/ton 235100---233000　436
Raw silk for March 2006　-300yuan/ton 230000---229700 1498

Dried Cocoon for Nov. 2005　 400yuan/ton 75600---76000　 48
Dried Cocoon for March 2006　 1800yuan/ton 72200---74000　4244