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Mandatory contract transfer methods were executed during the afternoon session. 1130 hands of March’06 Dried Cocoon contracts on one-side were transferred automatically and so the net-holding of the month decreased sharply to 1190 hands. Affected by the liquidation of front months contracts, prices of back months of Dried Cocoon went down in afternoon sessions and closed almost same as yesterday.


In the spot market, trades were still light at higher offers by silk reeling mills.